Key data prints coming out of the UK may keep the British Pound within the monthly range as the Bank of England (BoE) retains the current course for monetary policy.
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Friday, 19 March 2021
EUR/USD Erases FOMC Driven Gain as ECB Warns of Euro Area Recession
EUR/USD gives back the advance following the Federal Reserve interest rate decision as ECB President Christine Lagarde warns of a technical recession.
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Gold Price (XAU/USD) Outlook - Battling with Resistance, Sentiment Remains Bearish
Gold may struggle to break chart resistance as US Treasury yields seem set to push higher, weighing on the value of the precious metal.
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Australian Dollar Forecast: Key AUD/USD Levels to Watch
Choppy trade remains for AUD/USD with focus on bond yields for direction.
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Top 8 Forex Trading Strategies and their Pros and Cons
Compare the pros and cons of different forex strategies, from day trading to position trading.
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Crypto Update: BTC/USD, ETH/USD Building Momentum Within Shy Distance of ATH
The cryptocurrency market continues to attract speculative interest as bullish momentum consolidates
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Canadian Dollar Outlook: USD/CAD Rebound Dicated by Retail Sales Data
Tumbling crude oil prices and a rebounding US Dollar could ignite a short-term recovery in USD/CAD rates. However, better-than-expected retail sales data could underpin the Loonie against its US co...
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Thursday, 18 March 2021
Crude Oil Prices Tumble, Uptrend at Risk? Gold Outlook Remains Bleak
Crude oil prices sank 7.62% in the worst day since April. Gold fell and the 10-year Treasury yield soared almost 4.5%. How are WTI and XAU/USD positioning ahead of the weekend?
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Why a Rise in Retail Trading May Signal Another Mania
The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.
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Dow Jones Retreats amid Tech and Oil Rout, Will the Hang Seng and ASX 200 Fall?
Wall Street stocks retreated from record highs amid a heavy selloff in the tech sector as longer-term Treasury yields surged alongside the US Dollar. Asia-Pacific equities are eyeing losses as sent...
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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.
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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.
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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...
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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).
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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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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 -...