Thursday, 18 March 2021

Nasdaq 100 Index Sinks on Treasury Volatility. AUD Retail Sales, BOJ in Focus

The Nasdaq 100 Index sank as Treasury market volatility reignited. Friday's Asia-Pacific session has Australian retail sales and the Bank of Japan's rate decision in focus.

from DailyFX - Market News https://ift.tt/3s2A34O
via IFTTT

US Dollar Outlook: USD/JPY Eyes BoJ as Yield Volatility Hastens

The US Dollar strengthened broadly on Thursday and erased losses from the prior session as the ten-year Treasury yield briefly spiked above 1.75%. USD/JPY price action eyed as the BoJ decision looms.

from DailyFX - Market News https://ift.tt/30XHYo8
via IFTTT

S&P 500 Forecast: Tech Sector ETF Sees Highest Demand in a Year

Exchange traded fund flow data reveals the fund that tracks the S&P 500 technology sector, XLK, registered its largest single-day inflow since March 2020 after the Fed reiterated its policy path We...

from DailyFX - Market News https://ift.tt/30Twn9D
via IFTTT

NZD/USD March Opening Range Remains Intact Following FOMC, NZ GDP

The broader outlook for NZD/USD remains constructive as the opening range for March remains intact following the failed attempt to test the 20201 low (0.7096).

from DailyFX - Market News https://ift.tt/2QkFzli
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3qXyPGI
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3vBUbgj
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3lq2O94
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3qWauB6
via IFTTT

How to Trade After a News Release

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

from DailyFX - Market News https://ift.tt/38VBXwC
via IFTTT

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

from DailyFX - Market News https://ift.tt/3tpz8M2
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3twAEfh
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3eQWWEl
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3vvpBEW
via IFTTT

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 ...

from DailyFX - Market News https://ift.tt/38PwUgU
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3vC425S
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3tueR82
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3eRA33U
via IFTTT

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.

from DailyFX - Market News https://ift.tt/30S14Mj
via IFTTT

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.

from DailyFX - Market News https://ift.tt/38MMo5q
via IFTTT

Bitcoin (BTC/USD) Retreats to Support Ahead of FOMC

Bitcoin price action stalls at critical support

from DailyFX - Market News https://ift.tt/2QgIaN6
via IFTTT

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...