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Canadian Dollar Outlook: USD/CAD Rebound Dicated by Retail Sales Data

Posted by By 19/03/2021Posted inForex
Tumbling crude oil prices and a rebounding US Dollar could ignite a short-term recovery in USD/CAD rates. However, better-than-expected retail sales data could underpin the Loonie against its US co...
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Crude Oil Prices Tumble, Uptrend at Risk? Gold Outlook Remains Bleak

Posted by By 19/03/2021Posted inForex
Crude oil prices sank 7.62% in the worst day since April. Gold fell and the 10-year Treasury yield soared almost 4.5%. How are WTI and XAU/USD positioning ahead of the…
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Dow Jones Retreats amid Tech and Oil Rout, Will the Hang Seng and ASX 200 Fall?

Posted by By 19/03/2021Posted inForex
Wall Street stocks retreated from record highs amid a heavy selloff in the tech sector as longer-term Treasury yields surged alongside the US Dollar. Asia-Pacific equities are eyeing losses as…
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EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Mar 11, 2021 17:00 GMT when EUR/USD traded near 1.20.

Posted by By 19/03/2021Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.
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Nasdaq 100 Index Sinks on Treasury Volatility. AUD Retail Sales, BOJ in Focus

Posted by By 18/03/2021Posted inForex
The Nasdaq 100 Index sank as Treasury market volatility reignited. Friday's Asia-Pacific session has Australian retail sales and the Bank of Japan's rate decision in focus.
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US Dollar Outlook: USD/JPY Eyes BoJ as Yield Volatility Hastens

Posted by By 18/03/2021Posted inForex
The US Dollar strengthened broadly on Thursday and erased losses from the prior session as the ten-year Treasury yield briefly spiked above 1.75%. USD/JPY price action eyed as the BoJ…
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S&P 500 Forecast: Tech Sector ETF Sees Highest Demand in a Year

Posted by By 18/03/2021Posted inForex
Exchange traded fund flow data reveals the fund that tracks the S&P 500 technology sector, XLK, registered its largest single-day inflow since March 2020 after the Fed reiterated its policy…
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Mexican Peso Outlook: USD/MXN Plunges into Yearly Trend Support

Posted by By 18/03/2021Posted inForex
The Mexican Peso may be out of steam as USD/MXN defends key support for a second day- will it last? Here are the levels that matter on technical charts this…
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NZD/USD March Opening Range Remains Intact Following FOMC, NZ GDP

Posted by By 18/03/2021Posted inForex
The broader outlook for NZD/USD remains constructive as the opening range for March remains intact following the failed attempt to test the 20201 low (0.7096).
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Gold Price Forecast: XAU Grasps for Long-Term Fibonacci Support

Posted by By 18/03/2021Posted inForex
Gold prices have been down since August but are not yet out, as Gold price action is clinging to the 38.2 retracement of the 2018-2020 major move.
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