The price of gold has been rising steadily but a fall back is overdue; by contrast, crude oil prices have been dropping but are due for a correction higher.
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Thursday, 18 March 2021
British Pound Price Forecast: Optimistic BoE to Buoy GBP/USD, GBP/JPY
A cautiously optimistic outlook from the Bank of England will probably pave the way for the British Pound to extend its climb higher against the US Dollar and Japanese Yen.
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Wednesday, 17 March 2021
Gold Price Forecast: XAU/USD Jumps as Powell Commentary Deflates US Dollar
Gold moved higher after Fed Chair Powell calmed market fears about premature policy tightening despite a more optimistic set of economic projections from Federal Reserve members.
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Dow Jones Leads Nikkei 225 Higher on Dovish Fed, ASX 200 Falls Despite Strong Jobs Report
The Fed maintained its policy rate and asset purchasing program unchanged during the FOMC meeting, sending a dovish message to equity markets. The Dow Jones led the Nikkei 225 higher while the ASX ...
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Australian Dollar Forecast: AUD/USD Gains on Blowout Jobs Report, Eyeing Rising Stocks
The Australian Dollar gained as a blowout jobs report crossed the wires. Ahead, AUD/USD may rise alongside stocks in the aftermath of the FOMC monetary policy announcement.
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New Zealand Dollar Outlook: NZD/USD Looks Past GDP Miss as FOMC Induces Greenback Weakness
The New Zealand Dollar is gaining against the Greenback after a dovish Federal Reserve sank the US Dollar, allowing NZD/USD to largely ignore New Zealand's Q4 GDP miss.
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Dow Jones, Nasdaq 100 and S&P 500 Jump as Fed Opens Door to Risk Rally
Stocks soared higher after the Federal Open Market Committee affirmed its dovish stance and revealed encouraging economic projections for the months to come.
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Oil Extends Bearish Price Series as US Stockpiles Rise for Fourth Week
The price of oil extends the series of lower highs and lows from earlier this week as US crude inventories widen for the fourth consecutive week.
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US Dollar, Yields Pivot Lower Following the FOMC Announcement
The US Dollar is snapping sharply lower alongside Treasury yields as markets react to the latest Fed rate decision and updated economic projections just released.
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Bitcoin (BTC/USD) Retreats to Support Ahead of FOMC
Bitcoin price action stalls at critical support
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AUD/USD Bounces Along 50-Day SMA Ahead of Fed Rate Decision
AUD/USD continues to bounce along the 50-Day SMA (0.7738) ahead of the Federal Reserve interest rate decision as the exchange rate defends the 2021 low (0.7564).
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SA Retail Sales Slump: USD/ZAR Reaction and Price Outlook
Worse than expected retail sales data continues the disappointing trend in the retail sector even as Covid-19 restrictions ease
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Currency Volatility Highest Since US Election: What to Watch for Fed Decision
Fed takes center stage as all eyes shift towards dot-plot projection. Currency implied volatility signals big move.
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GBP/USD Braces for Volatility as The Fed and BoE Prepare to Give Their Latest Views
With both the Fed and the BoE giving their latest monetary policy decisions, and thoughts, over the next 24 hours, GBP/USD is likely to become increasingly volatile.
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IBEX 35, FTSE MIB Forecasts: European Indices Struggle to Overcome Short-Term Resistance
European equities are lacking buyer support ahead of the FOMC interest rate decision
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USD/JPY Outlook: Flattening JGB Yield Curve Ahead of FOMC Expectations
All eyes shift toward central banks this week with the Federal Reserve up first. Whether or not interest rate hikes be brought forward will likely set the precedent for other central banks.
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British Pound (GBP) Latest: EUR/GBP Slide Resuming, Slow EU Vaccine Rollout
The suspension around Europe of usage of the AstraZeneca/Oxford coronavirus vaccine continues to weaken the Euro and that could mean further losses for EUR/GBP.
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US Dollar Forecast: FOMC Summary of Economic Projections to Dictate USD
The US Dollar’s near-term trajectory will ultimately depend on whether the Federal Reserve steps-in to cap long-term rates, holds its monetary policy levers steady or hints at earlier-than-expected...
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Tuesday, 16 March 2021
Crude Oil Prices May Rise if Stockpiles Fall, FOMC Meeting Eyed
Crude oil prices await a catalyst from Wednesday’s FOMC meeting. A surprise inventory draw may help to underpin prices.
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Gold Price Forecast: Rebound at Risk as Yields Aim Higher Ahead of FOMC
The tentative recovery in gold prices hangs in the balance as the upcoming FOMC monetary policy meeting shifts into focus.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...