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Dow Jones Steady amid Tech Rout, Will ASX 200, Hang Seng Follow?

Posted by By 23/02/2021Posted inForex
A strong selloff in the technology sector dragged the Nasdaq Composite 2.46% lower, while the Dow Jones closed marginally higher as energy and material sectors gained. APAC stocks may embrace…
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AUD/USD, AUD/NZD Aim Higher as Treasury Yields Climb on Reflation Theme

Posted by By 23/02/2021Posted inForex
APAC equity prices may face some pressure from rising government bond yields as the reflation trade continues to gain steam. Meanwhile, AUD/USD and AUD/NZD appear set to move higher.
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EUR/USD Outlook: US Dollar Eyes Fed Chair Powell, Stimulus

Posted by By 22/02/2021Posted inForex
EUR/USD price action is probing month-to-date highs as US Dollar bears wrestle back control with focus on Fed Chair Powell's congressional testimony and ongoing fiscal stimulus negotiations.
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US Dollar Forecast: Back to the Year-Long Downtrend – Levels for DXY Index, USD/JPY

Posted by By 22/02/2021Posted inForex
The US Dollar (via the DXY Index) continues to contend with its pandemic trendline, a magnet for price action throughout February.
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Bitcoin Price Suffers Pullback, Damaging Technical Landscape

Posted by By 22/02/2021Posted inForex
Bitcoin suffered a brief pullback that saw trendlines and psychological levels crumble. Still, consolidation after months of staggering gains may prove healthy in the longer-term.
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NZD/USD Rate Rally Emerges Ahead of RBNZ Interest Rate Decision

Posted by By 22/02/2021Posted inForex
The RBNZ interest rate decision may do little to curb the NZD/USD rally as the central bank is expected to keep the official cash rate (OCR) at the record low…
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FX Week Ahead – Top 5 Events: Euroarea & US Inflation; RBNZ Rate Decision; Mexico GDP; US Durable Goods Orders

Posted by By 22/02/2021Posted inForex
The last week of February brings a broad but shallow economic calendar, top heavy with ‘high’ rated events and not much else.
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Canadian Dollar Outlook: USD/CAD Threatens Major Breakdown

Posted by By 22/02/2021Posted inForex
Loonie is poised for a fourth weekly advance vs the US Dollar with USD/CAD coiling just above critical support. Here are the levels that matter on the technical charts.
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Chinese Yuan Selloff Sends EUR/CNH, USD/CNH Towards Pandemic Trendlines

Posted by By 22/02/2021Posted inForex
Both EUR/CNH and USD/CNH rates have risen in recent weeks, perhaps foreshadowing a more difficult period for risky assets.
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Gold Price Forecast: GLD Jumps from 7-Month Low, Can XAU Bulls Drive?

Posted by By 22/02/2021Posted inForex
Gold prices are extending a bullish run from a big zone of support. But, is this a true change in trend or just another bear market bounce for Gold?
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