Friday, 19 March 2021

British Pound Defends March Open Range Ahead of UK Jobs, CPI Report

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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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...