The price of gold continues to trade sideways but, if it breaks out, a move to the upside is more likely than a fall.
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Thursday, 15 April 2021
US Dollar Looks to Retail Sales, Jobless Claims Data for a Lifeline
The US Dollar looks to incoming retail sales and jobless data to revive reflation and Fed tightening speculation after receding bond yields weighed on the benchmark currency.
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Crude Oil Price Outlook: Aiming for February Peak Ahead of US Retail Sales
WTI crude oil gained on Wednesday despite weakness on Wall Street, underpinned by a larger-than-expected EIA inventory drawdown. Oil may be setting up to revisit February peaks.
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Wednesday, 14 April 2021
Swiss Franc Forecast: USD/CHF, EUR/CHF Moderation Eases Pressure on SNB
The Franc weakened against the Euro and US Dollar in the first quarter, taking pressure off the Swiss National Bank's currency intervention. A miscalculation by the SNB, however, risks sending the ...
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Gold and Silver Prices May Turn Higher as Long-Term Treasury Yields Stagnate
The progressive decline in longer-term Treasury yields recently, despite a larger-than-expected climb in inflation, could open the door for gold and silver to climb higher in the coming weeks.
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Australian Dollar Falls as Jobs Data Shows Decline in Full-Time Employment
The Australian Dollar declined in immediate trade following strong employment data, as the disparity between full-time and part-time employment overshadowed the otherwise strong data.
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Nasdaq 100 Retreats as Coinbase Falls, May Cast a Shadow on Hang Seng and ASX 200
The Nasdaq 100 fell from all-time-highs as Coinbase’s intraday swing lower soured risk appetite. Fed Chair Jerome Powell highlighted that tapering of asset purchase will come “way ahead” of interes...
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Moving Average (MA) Explained for Traders
The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.
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Bitcoin Price Forecast: Cryptos Surge Alongside Coinbase's Nasdaq Debut
Bitcoin tagged new all-time highs Wednesday alongside a broader surge in cryptocurrencies as a leading cryptocurrency exchange, Coinbase, went public debuted on the Nasdaq via direct listing.
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USD Q2 2021 Fundamental Forecast
Through the opening quarter of 2021, there were significant changes in focus from an incredible charge in retail appetite to anticipation for reopening economies after mass vaccinations to burgeoni...
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NZD/USD Climbs Back Above H&S Neckline to Approach 50-Day SMA
NZD/USD attempts to negate a head-and-shoulders formation, with the exchange rate approaching the 50-Day SMA (0.7155) as it climbs back above the neckline.
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Oil Prices continue to Surge after EIA report confirms shrinking supply
WTI US Crude Oil breaks above critical resistance
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Gold Technical Analysis: XAU/USD Teases Breakout as BTC, Coinbase Grab Headlines
Gold prices are getting close to the neckline of a double bottom pattern - but are bulls finally ready to re-take control?
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What is Earnings Season & What to Look for in Earnings Reports?
Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.
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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update
Ongoing stability in global bond yields has helped provoked a drop in early rate hike expectations among the BOC, RBA, and RBNZ.
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Australian Dollar Forecast: Can Bitcoin Prices Provide a Leading Signal for Currencies?
Risks tilted to the upside for Australian jobs, while AUD/JPY tracks record high Bitcoin prices.
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Copper Bullish Continuation: Q2 Top Trading Opportunities
Copper has been supported by unprecedented monetary policy, ultra-low interest rates and more importantly, low or negative real yields. It now looks to benefit from a strong recovery in output.
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USD/JPY Snaps April Opening Range as Bearish Price Series Takes Shape
USD/JPY searches for support as the exchange rate fails to retain the opening range for April and extends the series of lower highs and lows from earlier this week.
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S&P 500 Continues to Trade Around Highs as Big Banks Beat on Earnings
The S&P 500 continues to trade above the 4,100 level as strong bank earnings and reductions in loan-loss reserves provide further evidence of the improving economic outlook.
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Euro Forecast: EUR/USD Bulls Eyes Key Resistance as US Dollar Loses Steam
EUR/USD bulls in control as USD loses its shine, edging towards key resistance.
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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....