Gold price action was directionless last week as the precious metal was caught between tempered US Treasury yields and a surging US Dollar. Should the two forces continue, XAU/USD might stagnate.
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Saturday, 27 March 2021
US Dollar Rally to Benefit from Upbeat Non-Farm Payrolls (NFP) Report
The update to the US Non-Farm Payrolls (NFP) report may keep the US Dollar afloat as employment is expected to increase for the third consecutive month.
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Friday, 26 March 2021
Australian Dollar May Wobble if Chinese and Tech Stocks Keep Sinking
The Australian Dollar wobbled as Chinese stock markets flirted with a correction. Further losses there remain a risk to the Aussie as Treasuries eye the next non-farm payrolls report.
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GBP/USD Weekly Forecast: GBP to Follow the Strong Seasonal Playbook?
GBP nears range break vs Euro, while month/quarter-end flows sees upside risk for GBPJPY
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Oil Price Outlook Hinges on OPEC JMMC Meeting amid Rise in US Supply
The OPEC JMMC meeting on March 31 may sway the near-term outlook for the price of oil if the group takes additional steps to regulate the energy market.
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US Dollar Outlook: PCE Muted, Has King USD Returned?
Muted reaction to PCE Data as month/quarter-end is likely to dictate G10 FX.
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FTSE 100 Outlook: US Economic Recovery Optimism Spilling Into European Equities
Improved optimism about the economic outlook in the US is keeping European equities supported despite third-wave fears.
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Australian Dollar Forecast: Key AUD/USD Set-Up Levels to Watch
Modest bounce from 2021 low for AUD/USD, while month/quarter end flows look set to drive G10 FX.
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British Pound (GBP) Latest: GBP/USD Pushes Higher, EUR/GBP Eyes Multi-Month Lows
The British Pound is grabbing an early bid against most major currencies and is pushing EUR/GBP back towards multi-month lows.
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Fibonacci for a Multi-Market Trader’s Approach
Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.
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Canadian Dollar Forecast: US Inflation Data to Trigger USD/CAD Downtrend?
The Canadian Dollar may resume its period of dominance against the US Dollar in the near term on the back of the BoC’s hawkish shift and a rebound in crude oil prices. Softer-than-expected US PCE d...
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Thursday, 25 March 2021
Crude Oil Prices Look Past Suez Canal Blockage, Gold May Rise on US PCE Data
Crude oil prices weakened despite the ongoing blockage at Suez Canal amid European lockdown woes. Gold could catch a breather if the US Dollar weakens on incoming core PCE data.
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Copper Prices Sink to Two-Week Low on US Dollar Strength
Copper prices weakened as risk averse investors sought safety in the form of US Dollars as fears grew over COVID outbreaks in Europe, while tensions between the West and China continue to escalate.
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Dow Jones May Lead Hang Seng, ASX 200 Higher as the Fed Lifts Bank Dividend Restrictions
Wall Street stocks rebounded broadly as the Fed allowed banks, which can clear stress tests, to raise dividends after this June. The US Dollar rose on strong economic data. Asia-Pacific equities ar...
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How to Trade Forex News: An Introduction
Find out the essentials of trading the news with this introductory guide to forex news trading
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Mexican Peso Gains on Banxico Rate Hold, Sending USD/MXN Towards Key Support
USD/MXN pushed lower as the Peso strengthened following a slightly less dovish Banxico rate decision. Meanwhile, traders continued to monitor the situation at the Suez canal.
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Gold Price Outlook: XAU/USD at the Mercy of US Dollar Strength
Gold has faced headwinds for quite some time as precious metal bulls struggle to reprieve XAU/USD price action from sustained selling pressure. When might gold outlook improve?
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Introduction to Pitchfork Analysis & Median Line Trading
Find out how parallels of these trend lines can be utilized to give structure to a market advance or decline.
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S&P 500, Gold, Oil Fund Flows as Virus Cases Rise
S&P 500, Gold, and Oil ETFs have had mixed reactions to recent developments in the global macro outlook.
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Bitcoin Blindsided by Ban Warning from Dalio, BTC Near Key Support
BTC posed an aggressive pullback after Ray Dalio mentioned the elephant in the room. But Bitcoin bulls are nearing a big test at the 50k marker.
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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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The US Dollar soared against the Indonesian Rupiah, with USD/IDR eyeing its best month since the 1997 Asia financial crisis amid the coronav...