Wednesday, 31 March 2021

Gold Prices Rebound on Weaker USD, Crude Oil Holds Breath for OPEC+ Meeting

Gold prices returned to above $1,700 from a key support level as the DXY US Dollar index retreated form a four-month high. Oil traders are anticipating OPEC+ to extend production cuts at a meeting ...

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Natural Gas Outlook: Colder Weather, Technical Support to Guide Prices Higher?

Natural gas moved lower in March following an upbeat February performance. Now, between two key moving averages, a colder weather outlook in the US may help guide prices higher.

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Nasdaq Rallies on Biden's Infrastructure Proposal, Hang Seng and ASX 200 May Climb

The Nasdaq 100 rallied while Dow Jones retreated after President Joe Biden announced his infrastructure spending and corporate tax hike proposal. Asia-Pacific markets look set to trade mildly higher.

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NFP and Forex: What is NFP and How to Trade It?

Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.

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AUD/USD Pressured as Treasury Selloff Forecasts Stronger USD, Trade Data Eyed

AUD/USD is clinging to a vital support level after a rise in US Treasury yields bolstered the case for a stronger USD. Traders are eyeing Australian trade balance, due out today.

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US Dollar Softens as Biden Proposes $2-Trillion Spending Package

The US Dollar is turning slightly lower as traders digest headlines from President Joe Biden on his $2-trillion infrastructure spending package crossing market wires now.

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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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S&P 500 Forecast: Index Creeps Toward 4000 Mark, Can it Break Higher?

The S&P 500 trades within striking distance of the psychologically-significant 4,000 mark but can it break the key barrier as weakness in market leaders like Apple and Amazon continues to weigh?

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Euro Forecast: EUR/USD Outlook Clouded by RSI Divergence

The Relative Strength Index (RSI) appears to be diverging with price as the weakness in EUR/USD fails to push the indicator into oversold territory.

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Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important.

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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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Bitcoin (BTC/USD) Poised for Fresh Highs or Major Reversal?

Bitcoin prices continue to edge higher despite regulatory controversy

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USD/JPY Rally Eyes March High as RSI Sits in Overbought Territory

USD/JPY appears to be on track to test the March 2020 high (111.72) as the Relative Strength Index (RSI) holds above 70 and sits in overbought territory.

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Euro Outlook: EUR/GBP, EUR/JPY & EUR/CHF Tech Set-Ups

This Euro focused article takes a look at technical set-ups for a number of popular Euro pairs

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Gold Prices Remain Weak, Silver Prices Break Key Technical Level

Gold on course for worst quarter since 2016, while silver breaks key technical level.

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USD/ZAR Outlook: Rand Resilient Despite Revealing Quarterly Bulletin

South African Rand remains robust as global factors continue to command influence over the minor pair. Key economic updates are high on the agenda this week which should provide expectant currency ...

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FTSE 100 Stuck Below 6,800 as Rising Yields Put Pressure on Stocks

The FTSE 100 is seeing a slower start after sluggish performance in the US on the back of rising yields as economic outlook improves

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Bitcoin (BTC/USD) & Ethereum (ETH/USD) Momentum Suggests New All-Time Highs Are Near

The cryptocurrency market continues to push higher with market heavyweight Bitcoin within touching distance of a new record high

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British Pound (GBP) Latest: GBP/USD Fails to Benefit From UK GDP Data

GBP/USD might have been expected to rise after upward revisions to UK GDP figures. The fact that it didn’t suggests possible near-term losses.

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Canadian Dollar Forecast: Hawkish BoC, Vaccine Divergence to Underpin CAD

The Canadian Dollar may extend gains against the Euro and Japanese Yen on the back of resilient oil prices, a hawkish shift in approach to monetary policy by the BoC and divergent vaccination rates.

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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...