The Turkish Lira lost a significant amount of ground against the US Dollar on the back of President Erdogan’s surprise decision to replace central bank governor Naci Agbal.
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Sunday, 21 March 2021
Turkish Lira Drops on Surprise Central Bank Governor Removal
The Turkish Lira lost a significant amount of ground against the US Dollar on the back of President Erdogan’s surprise decision to replace central bank governor Naci Agbal.
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Japanese Yen Forecast: USD/JPY May See Volatility After BOJ, Fed Decisions
USD/JPY may see volatility as a bullish technical signal appears following last week's monetary policy announcements from the Bank of Japan and the Federal Reserve.
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Markets Week Ahead: Dow Jones, US Dollar, Treasury Yields, Crude Oil, Reflation Trade
The Dow Jones, S&P 500 and Nasdaq Composite sank as the Fed remained sanguine about Treasuries. A relatively quiet economic calendar docket ahead may leave the markets focusing on broader fundament...
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Dow Jones, Nasdaq 100, FTSE 100 Forecasts for the Week Ahead
US equities will have to juggle an encouraging message from the Fed last week and the coming end of the Supplementary Leverage Ratio (SLR) that might see Treasury yields rise further.
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Saturday, 20 March 2021
USD/MXN Outlook: Mexican Peso Shows Resilience Ahead of Banxico Meeting
The Fed’s “keep calm” message has kept USD/MXN subdued despite rising bond yields.
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Euro Forecast: Prepare for Possible EUR/USD Break to the Downside
EUR/USD looks ready to break out from the relatively narrow range it has traded in for most of this month. It could go either way but the downside looks more likely.
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US Dollar Outlook: The Ongoing Battle for Yield Control
The US dollar is being underpinned by rising US Treasury yields as inflation fears continue to stalk the market.
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Friday, 19 March 2021
Swiss Franc Forecast: Why CHF May be at Risk Despite Wobbly Stocks, Eyes on SNB
The Swiss Franc has been struggling to capitalize on stock market volatility ahead of the SNB policy meeting. Rising government bond rates externally may leave CHF vulnerable in the long run.
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Weekly Fundamental Australian Dollar Forecast: RBA on Defense; Data Trends Weakening; PMIs Ahead
The last week of March brings about a quieter economic calendar for Australia, with the trio of PMI reports the sole focus.
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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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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 -...