Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.
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Monday, 30 August 2021
AUD/USD Threatens Descending Channel Ahead of Australia GDP Report
The update to Australia’s GDP report may push AUD/USD out of a descending channel as the economy is expected to grow at a record pace.
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UK Pound Forecast: Sterling Setups for the Week Ahead, GBP/USD, EUR/GBP
Sluggish Sterling expected due to UK holiday but the outlook is set to pick up ahead of major event risk later this week. GBP setups considered
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EUR/USD Price Forecast: Fed and ECB Accommodative as Euro Opens Flat
European consumer confidence data did little to sway the subdued EUR/USD start to trading this week as traders look ahead to key Euro and dollar economic data while technicals take over.
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Gold (XAU/USD) Prices Pullback after Breaking above $1,800
Gold prices remain supported by key psychological support at $1,800, NFP report key event risk for commodities?
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US Dollar Weakens as Dovish Fed Lifts Stocks, Bonds, Commodities and Other Currencies. Where To From Here?
The US Dollar licked its wounds in Asia-Pacific trade after sinking in Friday’s action that saw Fed Chair Powell maintain a dovish mantra. Can gold continue to benefit?
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Sunday, 29 August 2021
Why a Rise in Retail Trading May Signal Another Mania
The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.
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US Dollar Outlook Hinges on ISM Manufacturing Survey, NFP Report
The slew of US data prints on tap for the start of September are likely to sway the Dollar as the Federal Reserve retains an outcome-based approach for monetary policy.
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Australian Dollar Forecast: AUD/USD Eyes Q2 Economic Data to Start APAC Trading
AUD/USD may move on Australian Q2 economic data due out this morning as APAC trading kicks off.
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Sterling Tech Forecast: GBP/USD Jumps During Powell Speech
Brief dollar drop sent GBP/USD higher but the pair looks set to continue its sideways grind into the coming week
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Markets Week Ahead: Dow Jones, US Dollar, Australian Dollar, Crude Oil, OPEC+, NFPs
The Dow Jones, S&P 500 and Nasdaq Composite soared amid the Fed's Jackson Hole Symposium. The US Dollar tanked as the Australian Dollar, crude oil and gold prices outperformed. All eyes turn to non...
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Nasdaq 100 Hits Record High as Powell Signals Tapering by Year End
Tech stocks extended higher into the record territory even though Fed Chair Jerome Powell prepared the markets for the Fed tapering. Interest rate hikes are likely to be far away, alleviating press...
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Mexican Peso Forecast: Powell Paves the Way for USD/MXN Weakness in the Near Term
The Fed's dovish taper tone at the Jackson Hole Symposium is likely to depress US treasury rates and weigh on USD/MXN in the near term as traders seek to exploit higher yields in EMFX.
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Saturday, 28 August 2021
EUR/USD Forecast: Euro Runs into Resistance, More Gains Ahead?
Powell inspired lift for EUR/USD, eyes on key US data.
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Gold Forecast: XAU Traders Eye NFPs After Jackson Hole, Kabul Attack
Gold rose into the weekend after Fed Chair Powell offered no clear signal on tapering. XAU traders are shifting focus to next week's non-farm payrolls print as geopolitical risks linger.
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US Dollar Outlook Hinges on ISM Manufacturing Survey, NFP Report
The slew of US data prints on tap for the start of September are likely to sway the Dollar as the Federal Reserve retains an outcome-based approach for monetary policy.
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Bitcoin, Ethereum Predictions – Consolidation Phase Leading to Higher Prices
Bitcoin continues to draw strength from the 200-day simple moving average and if this continues, higher prices may be seen in the near future.
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Friday, 27 August 2021
Australian Dollar Outlook: AUD/USD at Crossroads of Commodities, Yields, Sentiment
The Australian Dollar has grinded higher, but future direction will likely depend on commodity pricing, yield differentials and risk appetite.
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S&P 500 to Stay Bid as Fed Decouples Taper, Rate Hike Risk
The S&P 500 looks poised to maintain its broader bullish trend with the Fed vowing to keep policy highly accommodative even though the pace of asset purchases will likely slow this year.
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Esther George Effect: Jackson Hole, Women in Finance, Taper Talk
Ahead of Jackson Hole economic symposium, Esther George, among the most prominent women in finance and economics, said it’s time to begin tapering asset purchases
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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....