GBP/USD is trading modestly lower after a labor-market report showing that the UK unemployment rate has dipped to 5% rather than rising as analysts had predicted.
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Tuesday, 23 March 2021
Euro Price Outlook: EUR/USD Holds Range Amid Covid-19 Third Wave Fears
The recent resilience of the EUR/USD exchange rate may begin to fade in the face of renewed lockdown measures in Germany and a cumbersome rollout of coronavirus vaccines.
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Monday, 22 March 2021
Nasdaq 100, Nikkei 225, ASX 200 Forecast: Yields and Powell Testimony in Focus
Tech led the rebound in stocks on Wall Street as the 10-year yield retreated below the 1.70% mark. Asia Pacific equities look set to follow this positive lead higher. Powell’s testimony will be eye...
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Fibonacci Confluence on FX Pairs
Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight
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NZD/USD May Fall on Technical Signal as APAC Markets Look for Direction
US markets moved higher to start the week, as Treasury yields fell across the curve. Meanwhile, Asia-Pacific markets will trade with a light economic calendar, and this week’s chip-manufacturer fir...
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US Dollar Outlook: USD/TRY Volatility Spikes as Lira Implodes
The US Dollar was little changed against key FX peers like the Euro, Pound, and Yen as Treasury yields edged lower, but USD/TRY price action surged as Turkish Lira volatility exploded.
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Gold Price Recovery Slows, Treasury Yields Remain Key to Future Moves
Gold is in the midst of a recovery rally after cratering to its lowest level since June and bouncing off an important trendline in early March. Treasury yields remain an important part of the equat...
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Dow Jones Price Forecast for the Week Ahead
The Dow Jones trades within a few hundred points of record levels with minimal resistance overhead. Should risk appetite persist, the Dow could drive deeper into uncharted territory.
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CAC 40, Euro Stoxx 50 Step Back From One Year Highs
After hitting their highest levels since February 2020 in mid-March, the CAC 40 and Euro Stoxx 50 are trading slightly lower at the start of the new week.
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Bitcoin (BTC/USD) Backs Down, Ethereum (ETH/USD) Sets Range
Crypto currencies are on their back foot, with Ethereum sticking to what's been a consistent range as Bitcoin bulls take a step back.
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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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Euro Price Outlook - EUR/USD Remains Weak as Covid Spread Continues to Hit Europe
The single currency remains under pressure as covid-19 cases continue to grow in the block, prompting further lockdowns.
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IBEX 35 Dragged Down by BBVA and IAG, Turkish Lira Volatility Peaks
Erdogan’s latest round of political meddling has caused BBVA shares to plummet given the bank’s exposure to Garanti
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Bitcoin (BTC/USD) Looking at a Breakout, Ethereum (ETH/USD) Continues its Short-Term Struggle
Bitcoin is setting up a bullish pennant formation on the daily chart, a pattern that would suggest a fresh all-time high may be on the cards
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FTSE 100 Coiling for a Breakout, EU-UK Vaccine Trade War Begins
FTSE 100 gets off to a soft start as the Turkish Lira slumps, while Germany looks to extend lockdown measures.
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British Pound Forecast: Covid-19 Suppression Buoying GBP/USD, GBP/JPY
The rapid distribution of coronavirus vaccines, falling infection rates, and a cautiously optimistic Bank of England may pave the way for the British Pound to extend gains against its major counter...
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Sunday, 21 March 2021
Gold, Crude Oil Prices Weighed by Rising US Dollar While Yields Fall
Gold prices declined modestly as the US Dollar strengthened. Crude oil prices are weighed by a weakened demand outlook as Europe faces a third viral wave.
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US Dollar Outlook: Soft Core PCE a Risk. USD/THB, USD/PHP Eyeing Central Banks
The US Dollar could gain versus Emerging Market currencies as Treasury yields rise. A soft core PCE report may cool gains however. USD/THB and USD/PHP are eyeing central bank rate decisions.
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Forex Vs. Stocks: Top Differences & How to Trade Them
Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.
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S&P 500, Hang Seng, ASX 200 Outlook: Market Remains Vigilant as 10-Year Yield Crosses 1.7%
Asia-Pacific equities are in a cautious mode after the Turkish Lira plunged 16%. Rising longer-term Treasury yields may continue to weigh on sentiment.
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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 -...