Thursday, 18 March 2021

Gold Price Forecast: XAU Grasps for Long-Term Fibonacci Support

Gold prices have been down since August but are not yet out, as Gold price action is clinging to the 38.2 retracement of the 2018-2020 major move.

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USD/CAD Forecast: Bearish Price Series Persists Following Dovish FOMC

USD/CAD may continue trade to fresh yearly lows in March as the exchange rate extends the series of lower highs and lows carried over from the previous week.

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British Pound (GBP) Latest: BoE Reiterates Stance, GBP/USD Maintains Range

Bank of England maintains current monetary policy in a 9-0 vote with the interest rate and APF left at 0.1% and GBP 895bln.

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EUR/USD Price Outlook Remains Biased to the Downside as Euro Weakness Continues

The single currency remains on the back foot against the US dollar as US bond yields continue to move higher.

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How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

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DAX 30 Strongly Overbought as Bulls Regain Control Helped by the Fed

Global equities push higher as the Federal Reserve sends a message of calmness and support

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Gold Price Forecast and Crude Oil Price Outlook: Reversals Likely Soon

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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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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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...