Gold is trending higher despite the FOMC-induced pickup in Treasury yields. Moreover, speculation continues to brew that Bitcoin weakness may be bolstering the yellow metal.
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Wednesday, 19 May 2021
Australian Dollar Analysis: AUD/USD Gyrates Following Mixed Jobs Data
AUD/USD is mixed following Thursday’s employment report and a wave of risk-off pressure emanating from Wednesday’s release of FOMC minutes.
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S&P 500 Slides on Fed Tapering Hints, Hang Seng and ASX 200 Open Mixed
The S&P 500 index fell for a third day as the FOMC minutes spooked fears about tapering debates. The US Dollar gained while Bitcoin had a volatile session. The Hang Seng and ASX 200 indexes trade c...
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The Federal Reserve Bank: A Forex Trader’s Guide
Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.
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Dow Jones Marches Lower After FOMC Minutes, Sentiment Turns to AU Jobs Report
The Dow Jones extended losses seen earlier in the week following the FOMC Minutes. Market sentiment looks at tonight's Australian jobs report.
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Canadian Dollar Price Forecast: Can USD/CAD Reverse Course and Rally?
USD/CAD has fallen for months as rising crude oil prices, risk appetite and a weak US Dollar worked to drive the pair lower. Now with potential taper talk on the horizon, can USD/CAD reverse higher?
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Bitcoin (BTC/USD) Tanks, but Buyers React
Bitcoin prices fell to a three month low as speculative mania took a rest. Buyers showed up in droves to elicit a strong bounce, highlighting the volatile nature of speculative assets
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Oil Price Forecast: Crude Establishes Double Top Formation in May
The price of oil appears to have established a double-top formation following the failed attempt to test the March high ($67.98) as it snaps the opening range for May.
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EUR/USD Sinks as FOMC Minutes Show Threat of Fed Tapering
EUR/USD price action is sliding sharply lower in response to the latest FOMC minutes, which detailed how some officials see taper talks starting at upcoming Fed meetings.
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EUR/USD Bullish Price Series Intact After Clearing February High
EUR/USD may continue to exhibit a bullish behavior after clearing the February high (1.2243) as it extends the series of higher highs and lows from earlier this week.
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USD/CAD Outlook - Daily Price Chart Hints at a Reversal, All Eyes on The Fed Minutes
USD/CAD continues to teeter on the edge with a break below 1.2000 possible. One chart signal however suggests a reversal may be forming.
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Crypto Meltdown Continues - Bitcoin (BTC/USD) Slumps Below $40,000, Ether (ETH/USD) Gives In To Sellers
Cryptocurrencies accelerate losses as China bans digital currencies as a form of payment
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British Pound (GBP) Latest: GBP/USD Challenges Peak, EUR/GBP Unlikely to Break Out
GBP backdrop remains encouraging for now. YTD peak in focus.
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US Dollar May Rise if FOMC Minutes Reveal Inflation Debate
The US Dollar may rise if minutes from April’s FOMC meeting reveal policymakers are debating whether the recent inflationary uptick will be lasting.
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Tuesday, 18 May 2021
Michael Burry ‘Big Short’ on Tesla Stock Revealed Ahead of Key FOMC Minutes
‘Big Short’ famed Michael Burry revealed $534 million Tesla puts ahead of the FOMC meeting minutes. Is the stock vulnerable?
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Crude Oil Prices Fall as US-Iran Nuclear Talks, Stockpiles Eyed
Crude oil prices fell for a second day as markets weighed progress in US-Iran nuclear talks. US crude inventories climbed less than expected amount last week, buoying the outlook for energy demand.
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Gold Prices Test Key Chart Resistance on Weaker Dollar, FOMC Minutes Eyed
Gold prices are challenging a key resistance level at $1,875 and may be facing some selling pressure. A weaker US Dollar and rising inflation expectations are lending support to bullion prices.
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Bitcoin, Litecoin Aim Higher After Cryptos Get Musked Over Weekend
Bitcoin and Litecoin are moving higher after Tesla CEO Elon Musk's Twitter dealings injected volatility into the crypto market.
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S&P 500 Index Retreats as Energy Stocks Fall, Nikkei 225 and ASX 200 May Follow
The S&P 500 index retreated for a second day as investors mulled inflationary pressures ahead of the release of April’s FOMC minutes. Crude oil fell on US-Iran nuclear talks. APAC markets look set ...
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AUD/USD Rises with Iron Ore as Westpac Consumer Confidence Looms
The Australian Dollar is gaining against the US Dollar as rising iron ore helps boost the Aussie Dollar. Westpac Consumer Confidence is in focus.
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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 -...