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Gold Price Forecast: XAU/USD Jumps as Powell Commentary Deflates US Dollar

Posted by By 18/03/2021Posted inForex
Gold moved higher after Fed Chair Powell calmed market fears about premature policy tightening despite a more optimistic set of economic projections from Federal Reserve members.
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Euro Price Action Set-Ups: EUR/USD, EUR/GBP, EUR/AUD, EUR/NZD

Posted by By 18/03/2021Posted inForex
The Euro looks set to extend its recovery against the US Dollar. However, it may continue to lose ground against the British Pound, Australian Dollar and New Zealand Dollar.
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Dow Jones Leads Nikkei 225 Higher on Dovish Fed, ASX 200 Falls Despite Strong Jobs Report

Posted by By 18/03/2021Posted inForex
The Fed maintained its policy rate and asset purchasing program unchanged during the FOMC meeting, sending a dovish message to equity markets. The Dow Jones led the Nikkei 225 higher…
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Australian Dollar Forecast: AUD/USD Gains on Blowout Jobs Report, Eyeing Rising Stocks

Posted by By 18/03/2021Posted inForex
The Australian Dollar gained as a blowout jobs report crossed the wires. Ahead, AUD/USD may rise alongside stocks in the aftermath of the FOMC monetary policy announcement.
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New Zealand Dollar Outlook: NZD/USD Looks Past GDP Miss as FOMC Induces Greenback Weakness

Posted by By 17/03/2021Posted inForex
The New Zealand Dollar is gaining against the Greenback after a dovish Federal Reserve sank the US Dollar, allowing NZD/USD to largely ignore New Zealand's Q4 GDP miss.
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US Dollar Forecast: What Bond Vigilantes? Setups for DXY Index, USD/JPY

Posted by By 17/03/2021Posted inForex
The US Dollar (via the DXY Index) has dropped after the March Fed meeting alongside US Treasury yields.
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Oil Extends Bearish Price Series as US Stockpiles Rise for Fourth Week

Posted by By 17/03/2021Posted inForex
The price of oil extends the series of lower highs and lows from earlier this week as US crude inventories widen for the fourth consecutive week.
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Dow Jones, Nasdaq 100 and S&P 500 Jump as Fed Opens Door to Risk Rally

Posted by By 17/03/2021Posted inForex
Stocks soared higher after the Federal Open Market Committee affirmed its dovish stance and revealed encouraging economic projections for the months to come.
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US Dollar, Yields Pivot Lower Following the FOMC Announcement

Posted by By 17/03/2021Posted inForex
The US Dollar is snapping sharply lower alongside Treasury yields as markets react to the latest Fed rate decision and updated economic projections just released.
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Bitcoin (BTC/USD) Retreats to Support Ahead of FOMC

Posted by By 17/03/2021Posted inForex
Bitcoin price action stalls at critical support
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