Ethereum (ETH) Hits a Fresh Record High, Bitcoin Cash (BCH) and Ripple (XRP) Rallying Hard

The cryptocurrency market continues to rebound sharply with Ethereum charging higher and printing repeated new highs.

from DailyFX - Market News https://ift.tt/33432dB
via IFTTT

The Most Volatile Currency Pairs and How to Trade Them

Find out what currency pairs may show the most volatility, and how you can tailor your strategy to capitalize on market volatility.

from DailyFX - Market News https://ift.tt/3uauqT1
via IFTTT

Berkshire Hathaway Annual Meeting: Why Investors Will Care but Meme Traders Won't

GameStop & AMC investors will treat this weekend like any other. But for value investors, this weekend could not be more important.

from DailyFX - Market News https://ift.tt/3t7ktVk
via IFTTT

7 Meme Stocks Driving Markets & Making a Mark

The sharp rise in retail trading during the pandemic sparked a surge in 'meme stock' trading and the wild ride continues.

from DailyFX - Market News https://ift.tt/3nMvCtH
via IFTTT

7 Meme Stocks Shaking Up Earnings Season

The sharp rise in retail trading during the pandemic sparked a surge in 'meme stock' trading and the wild ride continues.

from DailyFX - Market News https://ift.tt/2SgMA7H
via IFTTT

Tesla (TSLA): The Market Darling of Tech, ESG and Meme Themes

Tesla is unlike any other company operating today and opinions on the company's fate are as volatile as the stock price.

from DailyFX - Market News https://ift.tt/3vuAIx8
via IFTTT

MicroStrategy (MSTR) at the Forefront of Bitcoin, Crypto and Memes

Many of MicroStrategy's current investors may not have ever heard about them if it weren't for Michael Saylor making a big bet on the future of Bitcoin.

from DailyFX - Market News https://ift.tt/3e5Z8qP
via IFTTT

GBP/USD Weekly Forecast: Scottish Election Risk & BoE QE Taper, GBP Volatility Ahead

GBP heading for a typically weak month, which comes ahead of Scottish Election risks. While the BoE may announce a QE taper.

from DailyFX - Market News https://ift.tt/3aRUBGs
via IFTTT

Grayscale Bitcoin Trust (GBTC): An Alternative for Bitcoin Exposure?

Grayscale Bitcoin Trust (GBTC) offered equity market participants a chance to gain exposure to Bitcoin, but does recent price divergence make this a less attractive option?

from DailyFX - Market News https://ift.tt/3ub8jMc
via IFTTT

Hometown International (HWIN): A NJ Deli that Was Worth Nine Digits

A lot of outlier events showed in Q1 but perhaps few are as unexplainable as a New Jersey Deli with $35k in revenue over the past two years being worth more than $100 million.

from DailyFX - Market News https://ift.tt/3eYjBNN
via IFTTT

GameStop (GME): The King of Meme Stocks Almost Stopped the Game

GameStop took the world by storm in Q1 as a band of redditors teamed together to elicit a short-squeeze scenario. But even after the dust settled the stock price remains elevated.

from DailyFX - Market News https://ift.tt/2QNb1cl
via IFTTT

AMC Entertainment (AMC): Theaters Were Closed but Markets Were Not

After the GameStop scenario the focus from WallStreetBets seemed to turn to another heavily shorted stock in AMC Entertainment.

from DailyFX - Market News https://ift.tt/3e6mAnP
via IFTTT

BlackBerry (BB): A Blast from the Past in the Market's Crosshairs

BlackBerry once dominated the mobile market. But the stock came back into the mainstream earlier this year when a band of Redditors sought to propel the price higher.

from DailyFX - Market News https://ift.tt/3aQqmzV
via IFTTT

EUR/USD Breakout Stalls as RSI Reveres Ahead of Overbought Territory

EUR/USD appears to be reversing course ahead of the February high (1.2243) as the Relative Strength Index (RSI) pulls back ahead of overbought territory.

from DailyFX - Market News https://ift.tt/3uaW5Dp
via IFTTT

British Pound (GBP) Outlook - GBP/USD Setting Sail Into Potential Cross-Winds

A busy time ahead for GBP/USD with the latest BoE policy decision, UK local elections, and US Non-Farm Payrolls all on the docket next week.

from DailyFX - Market News https://ift.tt/3vwYmsR
via IFTTT

The CPI and Forex: How CPI Data Affects Currency Prices

Find out how to use the Consumer Price Index to make informed trading decisions.

from DailyFX - Market News https://ift.tt/3nzjz2w
via IFTTT

Oil Price Forecast: WTI Crude Resumes Climb on Bullish Demand

Oil prices surge as demand forecasts improve on the back of easing of restrictions on international travel

from DailyFX - Market News https://ift.tt/2PDYtne
via IFTTT

Euro Latest: EUR/USD Looks Past GDP, EUR/GBP Coiling for a Breakout

EUR/USD shrugs off expected German GDP contraction. EUR/GBP awaiting a breakout following tight range.

from DailyFX - Market News https://ift.tt/2PC7a1p
via IFTTT

US Dollar Price Outlook: DXY Falling Wedge in Play Ahead of PCE Release

Federal Reserve tapering bets, on the back of better-than-expected GDP figures, may pave the way for the US Dollar to regain lost ground in the coming days.

from DailyFX - Market News https://ift.tt/2RcZ13G
via IFTTT

Gold Prices May Fall as US PCE Data Sends Yields, Dollar Higher

Gold prices may continue to fall – brushing off dovish Fed posturing – as PCE inflation data helps drive Treasury bond yields higher alongside the US Dollar.

from DailyFX - Market News https://ift.tt/3eEXGuQ
via IFTTT

Dogecoin Spikes on Musk, Cuban Tweets, Bitcoin Struggles Post-FOMC

Dogecoin prices spiked higher on the back of a flurry of tweets from Elon Musk and Mark Cuban, while Bitcoin prices remain at risk of a more extensive correction lower post-FOMC meeting.

from DailyFX - Market News https://ift.tt/3t446c1
via IFTTT

Nasdaq 100 Futures Drop on Mixed Tech Earnings, Hang Seng and ASX 200 May Fall

Nasdaq 100 futures declined during early APAC trading hours as investors digested mixed US tech earnings and strong GDP data. The Hang Seng and ASX 200 futures are pointing to a lower start on Friday.

from DailyFX - Market News https://ift.tt/3eGujYV
via IFTTT

How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

from DailyFX - Market News https://ift.tt/39fr3T7
via IFTTT

Australian Dollar Forecast: AUD/USD Eyes Chinese PMI as Iron Ore Surges Higher

The Australian Dollar failed to move higher despite a sharp rally in iron ore prices. AUD/USD remains rangebound but upcoming PMI figures out of China may bolster prices.

from DailyFX - Market News https://ift.tt/3aRBr3v
via IFTTT

Bitcoin (BTC/USD) Pressured as Ethereum (ETH/USD) Probes New Highs

Bitcoin is edging back lower while Ethereum is flirting with record highs. Cryptocurrencies might stay broadly bid with the direction of BTC/USD and ETH/USD likely capitalizing on US Dollar weakness.

from DailyFX - Market News https://ift.tt/3nyIUcR
via IFTTT

FinTwit, Women and Trading: An Interview with @DeadCaitBounce

Finance and trading are two areas where men considerably outnumber women. Progress is being made and DailyFX is highlighting that progress with a new series on women leaders changing finance.

from DailyFX - Market News https://ift.tt/3gT7JyW
via IFTTT

Nasdaq 100, Dow Jones, S&P 500 Set for Success After Upbeat Tech Earnings

US equities have emerged from the height of earnings season with upbeat takeaways and improved clarity on the factors that drive valuations. As a result, the groundwork for further gains has been l...

from DailyFX - Market News https://ift.tt/3t7DKFU
via IFTTT

Dow Jones, Volatility, Treasury ETF Fund Flows Post-FOMC

Dow Jones, VIX, and Treasury ETFs have had mixed reactions in the lead up to and immediate aftermath of the FOMC’s April policy meeting.

from DailyFX - Market News https://ift.tt/2RdugLX
via IFTTT

USD Recovery and Resistance Hurdles: Q2 Top Trading Opportunities

Look for topside exhaustion early in the quarter to give way to larger pullback - losses should be limited by 91 IF price is indeed heading higher.

from DailyFX - Market News https://ift.tt/328lDES
via IFTTT

Gold Price Pares Post-Fed Gain Amid Rise in US Treasury Yields

The price of gold gives back the advance following the Federal Reserve interest rate decision as the 10-Year US Treasury yield climbs to a fresh weekly high (1.68%).

from DailyFX - Market News https://ift.tt/3nwV2ex
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3gV9dXm
via IFTTT

Short AUD/USD, AUD/JPY: Q2 Top Trading Opportunities

With a head-and-shoulders formation and the establishment of a downward trend in RSI, traders should be mindful.

from DailyFX - Market News https://ift.tt/3s1EJHk
via IFTTT

USD/CAD Rate Eyes January 2018 Low as RSI Flirts with Oversold Zone

USD/CAD appears to be on track to test the January 2018 low (1.2247) as the Relative Strength Index (RSI) flirts with oversold territory.

from DailyFX - Market News https://ift.tt/3aOKL8a
via IFTTT

Muted Reaction From Markets As US Q1 GDP Prints At 6.4%

US GDP for Q1 2021 printed at 6.4%, edging above the already-impressive forecast of 6.1%.

from DailyFX - Market News https://ift.tt/3vtcL9A
via IFTTT

Crude Oil Prices Soars, $70 in Focus as Oil Demand Outlook Strengthens

Oil prices hits one month highs as JMMC remain confident over oil demand outlook

from DailyFX - Market News https://ift.tt/3vynkIt
via IFTTT

Euro Outlook - Q1 GDP Releases Hold the Key for the Next Move in EUR/USD

Strong Eurozone economic expectations are being ignored as EUR/USD traders wait for today’s US Q1 GDP release and Friday’s German and Eurozone numbers.

from DailyFX - Market News https://ift.tt/3aNvEMC
via IFTTT

GBP Q2 2021 Fundamental Forecast

The British Pound rallied towards GBP/USD 1.4200, slightly higher than our expectations, before dropping back to 1.3700.

from DailyFX - Market News https://ift.tt/3aKHI0L
via IFTTT

Post-FOMC US Dollar Price Set Up: USD/JPY, USD/CHF, USD/CAD

The unchanged Fed guidance sees the US Dollar unwind some of its pre-meeting build-up on hawkish expectations.

from DailyFX - Market News https://ift.tt/3h0BWwj
via IFTTT

Gold Q2 2021 Technical Forecast

Gold has been declining since August 2020, and has yet to show any real signs of life.

from DailyFX - Market News https://ift.tt/2R9Yf7P
via IFTTT

British Pound (GBP) Price Outlook: 1.40 in Sight Despite Ousting of Arlene Foster

The resignation of Arlene Foster as First Minister of Northern Ireland has added to the political risk for GBP/USD bulls but the pair will still likely hit the 1.40 level.

from DailyFX - Market News https://ift.tt/2QFLCkT
via IFTTT

Euro Price Forecast: EUR/USD, EUR/JPY May Slide Ahead of Sentiment Print

The Euro has rode the tailwind of easing coronavirus restrictions higher against the US Dollar and Japanese Yen in recent days. However, underwhelming consumer confidence figures could trigger a ne...

from DailyFX - Market News https://ift.tt/3nuA286
via IFTTT

Crude Oil Price Outlook: US GDP Eyed Post Dovish Fed, OPEC+ and Indian Covid Surge

Crude oil prices are rising before first-quarter US GDP data after a dovish Federal Reserve. The path ahead remains bumpy amid surging Indian Covid cases and OPEC’s plan to bring back supply.

from DailyFX - Market News https://ift.tt/3xBkQei
via IFTTT

Gold Price Forecast: XAU/USD Aims Higher as Fed Downplays Early Balance Sheet Taper

Gold prices are gaining following the April Fed interest rate decision where the central bank calmed expectations for a balance sheet taper. US PCE data will provide data to help forecast the Fed's...

from DailyFX - Market News https://ift.tt/3eDOs1V
via IFTTT

Dogecoin Spikes on Musk, Cuban Tweets, Bitcoin Struggles Post-FOMC

Dogecoin prices spiked higher on the back of a flurry of tweets from Elon Musk and Mark Cuban, while Bitcoin prices remain at risk of a more extensive correction lower post-FOMC meeting.

from DailyFX - Market News https://ift.tt/3eIl3U4
via IFTTT

Dow Jones Down Despite Fed and Earnings Support, Biden Eyed

The Dow fell alongside the Nasdaq and the S&P 500 as US stocks failed to capitalize despite support from a dovish Fed and firm earnings reports. A speech from US President Biden is now in focus.

from DailyFX - Market News https://ift.tt/3ueXKHW
via IFTTT

Ford Stock Sinks as Global Semiconductor Shortage Bites into Fiscal Year Outlook

Ford shares tumbled after the bell despite strong earnings, as management disclosed the striking impact the global chip shortage is having on production.

from DailyFX - Market News https://ift.tt/3nv3WZQ
via IFTTT

New Zealand Dollar Forecast: NZD/USD Rally May Extend After Pickup in Trade Activity

NZD/USD's April rally appears to be on track to continue into May after data shows that the island nation's trade activity increased in March.

from DailyFX - Market News https://ift.tt/32ZtS6s
via IFTTT

Gold & Silver Prices Get Bullish Cue from Dovish Fed, Weak USD

Gold and silver prices look set on extending higher thanks to dovish Fed guidance, softer real yields, and US Dollar weakness.

from DailyFX - Market News https://ift.tt/3eDzdWG
via IFTTT

Stock Market Today: Huge Beats from AAPL, FB to Help Prolong Risk Rally

Strong earnings from Apple and Facebook will look to bolster equity sentiment after stocks closed modestly lower in the wake of the FOMC rate decision. Traders will look to earnings from Amazon Thu...

from DailyFX - Market News https://ift.tt/3eCAs8C
via IFTTT

S&P 500 Hits New Record High as Fed’s Powell Vows to Stay Dovish

The S&P 500 Index popped to a new intraday record high in the wake of the latest Fed announcement and press conference from Chair Powell who vowed to keep policy dovish.

from DailyFX - Market News https://ift.tt/2QEBWqP
via IFTTT

Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

from DailyFX - Market News https://ift.tt/3oNUe4k
via IFTTT

Oil Price Forecast: Bullish Price Series Brings March High Within Reach

The price of oil may attempt to test the March high ($67.98) over the coming days as it extends the series of higher highs and lows from earlier this week.

from DailyFX - Market News https://ift.tt/3aHJTT1
via IFTTT

US Dollar Selling Quickens as Fed Leaves Policy Path Unchanged

The US Dollar is facing another wave of selling pressure led by USD/CAD weakness and EUR/USD strength in response to yet another dovish statement from the Federal Reserve crossing wires now.

from DailyFX - Market News https://ift.tt/2Pv867A
via IFTTT

Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

Federal Reserve policymakers are on the verge of releasing their April rate decision, but that doesn’t mean policy is heading anywhere new soon.

from DailyFX - Market News https://ift.tt/32ZpX9X
via IFTTT

How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions.

from DailyFX - Market News https://ift.tt/3gYBL4D
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3u5ImOc
via IFTTT

USD/JPY Rate Tracks US Treasury Yields Ahead of FOMC Rate Decision

USD/JPY carves a series of higher highs and lows ahead of the Federal Reserve rate decision as the 10-Year US Treasury yield climbs to a fresh weekly high (1.65%).

from DailyFX - Market News https://ift.tt/3aMzTYG
via IFTTT

US Dollar Price Action Set Up for FOMC: EUR/USD, AUD/USD Levels

Federal Reserve in focus for markets, but don’t expect fireworks. Fed likely to stick to current script.

from DailyFX - Market News https://ift.tt/3gMm2p8
via IFTTT

Oil Q2 2021 Technical Forecast

After an impressive start to 2021, the oil forecast for the second quarter of the year is lacking an overly optimistic tone given a weaker picture for demand and stronger growth in rival supply, as...

from DailyFX - Market News https://ift.tt/39JiX4H
via IFTTT

Bitcoin (BTC/USD) Recovery Continues, Ethereum (ETH/USD) Cracks a New All-Time High

The cryptocurrency market recovery continues with Ethereum (ETH) leading the way among the heavyweight coins. Bitcoin dominance is now under 50%.

from DailyFX - Market News https://ift.tt/3aM9Gtg
via IFTTT

EUR Q2 2021 Fundamental Forecast

The key question for EUR/USD traders looking at the second quarter of 2021 is whether the steep decline in the pair in the first quarter will reverse in Q2, and the answer is quite possibly yes.

from DailyFX - Market News https://ift.tt/3ugW4gY
via IFTTT

European Equities Technical Outlook: FTSE 100, IBEX 35, CAC 40

Equities hold on to recent gains as they await the latest monetary policy commentary from Powell at today’s FOMC meeting

from DailyFX - Market News https://ift.tt/2QGHz7P
via IFTTT

GBP Q2 2021 Technical Forecast

As Q1 comes to a close, much of the early quarter gains in GBP/USD have been largely retraced after peaking at 1.4235.

from DailyFX - Market News https://ift.tt/3dz7yFY
via IFTTT

British Pound (GBP) Outlook Positive as GBP/USD Shrugs Off UK Political Turmoil

GBP/USD has held its ground over the last few days, suggesting underlying strength given a series of claims and counter-claims about Boris Johnson’s ‘competence and integrity’.

from DailyFX - Market News https://ift.tt/3eDQrD7
via IFTTT

Canadian Dollar Forecast: Oil Prices, Covid-19 Infections May Weigh on CAD

Stagnating crude oil prices and a flurry of coronavirus restrictions in several Canadian provinces may weigh on the Canadian Dollar against its major counterparts.

from DailyFX - Market News https://ift.tt/3eAngAY
via IFTTT

Gold Prices Retreat Ahead of FOMC as Traders Eye Fed Tapering

Gold prices declined for a second day as Treasury yields and the US Dollar climbed. Traders are eyeing any signs of Fed tapering at Wednesday’s FOMC meeting as the economy gathers strength.

from DailyFX - Market News https://ift.tt/3sVCCFj
via IFTTT

Crude Oil Prices Fall on Large Stockpiles Build, OPEC+ Honors Output Cuts

An extensive build in crude inventories sent oil prices lower on Wednesday. OPEC+ scrapped Wednesday’s meeting as oil ministers decided to stick to production cuts agreed at the previous meeting.

from DailyFX - Market News https://ift.tt/2SaJTob
via IFTTT

Australian Dollar Forecast: AUD/USD Sinks on Weak CPI Figures, Where Next?

The Australian Dollar sank following a weaker-than-expected local CPI print, casting doubt on a less dovish RBA in the months ahead.

from DailyFX - Market News https://ift.tt/330Utjv
via IFTTT

How to Research Stocks: A Step by Step Guide

Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.

from DailyFX - Market News https://ift.tt/3kyXzSh
via IFTTT

AUD/USD May Rise Ahead, Japanese and South Korean Vaccination Efforts in Focus

AUD/USD may see a directional shift in price following today's CPI print for Q1 out of Australia. Meanwhile, Japan and South Korea attempt to step up vaccination efforts.

from DailyFX - Market News https://ift.tt/2PrqFcM
via IFTTT

US Dollar Outlook: Volatility Hints at an Uneventful Fed Meeting

The broader US Dollar has been beaten up recently with bears erasing roughly two-thirds of gains notched during Q1. FX volatility suggests this trend may persist as the Fed echoes its dovish message.

from DailyFX - Market News https://ift.tt/2R7WUOz
via IFTTT

S&P 500 Forecast: Tech Earnings Unleashed Ahead of Fed Rate Decision

The first wave of earnings from big tech companies was released Tuesday but investors will have little time to comb over the reports as another wave is due Wednesday alongside a Fed rate decision.

from DailyFX - Market News https://ift.tt/3uaDQ0I
via IFTTT

Bitcoin Price Forecast: Bullish Chart Pattern Sparks Recovery Rally, Can it Continue?

Bitcoin is on the road to recovery after falling more than 25% in recent days. With a bullish chart pattern and robust demand to boot, can Bitcoin bulls retake all-time highs?

from DailyFX - Market News https://ift.tt/2QA7Vsd
via IFTTT

NZD/USD Forecast: Failure to Clear March High to Bring Defined Range

Failure to push above the March high (0.7307) may keep NZD/USD within a defined range as a head-and-shoulders pattern unravels.

from DailyFX - Market News https://ift.tt/3npCw7I
via IFTTT

Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important.

from DailyFX - Market News https://ift.tt/3uvWu3Z
via IFTTT

WTI Crude Oil Price Outlook: Oil Builds Bull Pennant Ahead of FOMC

Oil prices put in a massive move from November to March, but bulls have seemed to cool since then. Is another bullish push waiting around the next corner?

from DailyFX - Market News https://ift.tt/3exad3q
via IFTTT

EUR/USD Breaks Out of Descending Channel Ahead of Fed Rate Decision

EUR/USD may attempt to test the February high (1.2243) as the exchange rate breaks out of the descending channel from the start of the year.

from DailyFX - Market News https://ift.tt/3dWPw1O
via IFTTT

Copper Bullish Continuation: Q2 Top Trading Opportunities

Copper has been supported by unprecedented monetary policy, ultra-low interest rates and more importantly, low or negative real yields. It now looks to benefit from a strong recovery in output.

from DailyFX - Market News https://ift.tt/3gaVgGz
via IFTTT

April Consumer Confidence Hits Highest Level Since February 2020

Consumer Confidence in April printed strongly above expectations at 121.7 versus a forecast of 113.

from DailyFX - Market News https://ift.tt/3sXHwl4
via IFTTT

Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

Federal Reserve policymakers are heading towards their April rate decision, but that doesn’t mean policy is heading anywhere new soon.

from DailyFX - Market News https://ift.tt/3u1Nums
via IFTTT

Market Sentiment in Neutral Ahead of FOMC Meeting | Webinar

Trader confidence in the US stock markets remains high ahead of this week’s US monetary policy meeting but currencies are subdued.

from DailyFX - Market News https://ift.tt/3aI2gas
via IFTTT

Japanese Yen Price Set-Up: USD/JPY Reversal, GBP/JPY & Month-End

Japanese Yen under pressure into month end, eyes on FOMC ahead.

from DailyFX - Market News https://ift.tt/2Pq92Kq
via IFTTT

Bitcoin, Ether Jump Higher Despite Second Crypto Exchange Collapse in Turkey

Digital currencies recover from last week’s slump, building momentum on yesterday’s surge

from DailyFX - Market News https://ift.tt/3sZt24i
via IFTTT

Gold Price Outlook - Potential Breakout Looming as Fed, US Data Prints and Tech Company Results Collide

Gold remains unable to break back above $1,800/oz. but volatility may heighten as the latest Fed policy announcement, US data prints, and Big tech earnings heave into view

from DailyFX - Market News https://ift.tt/3sWPVoS
via IFTTT

Crude Oil Price Outlook: Upside Risk as OPEC+ Meets to Discuss Output

OPEC and its allies meet this week to reconsider their plan to ease production curbs from May 1; the risk is that the plan is put on hold due to concerns about demand, particularly from India.

from DailyFX - Market News https://ift.tt/3dUxblN
via IFTTT

Gold Prices May Fall as Chart Setup Warns of Topping Before FOMC

Gold prices may turn lower if a bearish Head and Shoulders chart pattern plays out as advertised. The FOMC monetary policy announcement lines up as a catalyst.

from DailyFX - Market News https://ift.tt/32RTMJu
via IFTTT

British Pound Price Forecast: Reopening Optimism to Drive GBP/USD Higher

Better-than-expected economic data, falling coronavirus case numbers, and reopening optimism may continue to drive the British Pound higher against its major counterparts in the near term.

from DailyFX - Market News https://ift.tt/3u1BYrq
via IFTTT

Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

from DailyFX - Market News https://ift.tt/3uVMS2I
via IFTTT

Japanese Yen Forecast: Dovish BoJ, Covid-19 Lockdowns to Keep JPY on Backfoot

The Bank of Japan’s upgraded GDP forecasts pushed JPY higher against USD however, the central bank’s dovish stance and a slew of coronavirus restrictions will likely keep the currency on the back f...

from DailyFX - Market News https://ift.tt/3gHeG64
via IFTTT

AUD/USD Analysis: Struggling at 0.78 Despite Chinese Industrial Profits Surge

AUD/USD fell once again at the 0.78 handle as strong Chinese industrial profits struggled to offer much for the Australian Dollar. All eyes are on the Fed this week.

from DailyFX - Market News https://ift.tt/3npphDZ
via IFTTT

S&P 500 Index Hits a Fresh Record, Nikkei 225 and ASX 200 Open Flat

The S&P 500 index hit a fresh record amid strong earnings. Tesla dropped during after-hours trading despite upbeat profits in Q1. Asia-Pacific markets are poised for a mixed start on Tuesday.

from DailyFX - Market News https://ift.tt/3xqO5A6
via IFTTT

SPACs Continue to Shine as Super Group Holding Co. Prepares to Go Public

Super Group, the parent company of Betway and Spin, is set to trade on the NYSE following a $4.75 billion merger with Sports Entertainment Acquisition Corp.

from DailyFX - Market News https://ift.tt/3vlgjdJ
via IFTTT

New Zealand Dollar May Rise, Copper Price Outlook Hones in on All-Time High

The New Zealand Dollar rose against the US Dollar, with copper futures closing at the highest since 2011. Ahead, the Japanese Yen is eyeing the Bank of Japan after a rosy day for sentiment.

from DailyFX - Market News https://ift.tt/3dTl1K1
via IFTTT

Crypto Latest: Tesla Bitcoin Sales Show $101-Million Gain, Ripple Surges

Cryptocurrencies are soaring today with XRP/USD surging 20% and BTC/USD gaining 10% on the session. Bitcoin credibility may improve as Tesla earnings show a $101-million gain on digital asset sales.

from DailyFX - Market News https://ift.tt/2PoFEUS
via IFTTT

Nasdaq 100 Update: Tesla Earnings and Inflation Fears Jockey for Price Control

The Nasdaq 100 lurched higher to start the week ahead of a string of scheduled event risk. Tesla earnings began the wave of reports expected of big-tech companies while other companies noted inflat...

from DailyFX - Market News https://ift.tt/2S1pTUN
via IFTTT

AUD/USD Still on Track to Negate H&S Formation Ahead of Australia CPI

AUD/USD may stay on track to negate the head-and-shoulders formation from earlier this year as the exchange rate comes up against the monthly high (0.7816).

from DailyFX - Market News https://ift.tt/32SgUr8
via IFTTT

Tesla (TSLA), Amazon (AMZN), FOMC Highlight a Big Week for US Markets

It's a big week for global markets, and the US in particular. Stocks are strong, the US Dollar is weak and the Fed is on the docket. Buckle up.

from DailyFX - Market News https://ift.tt/2Qpy3pN
via IFTTT

Euro Stoxx 50 Trades At 13 Year High as Bund Yields Consolidate Near Pandemic Highs

The Euro Stoxx 50 index has continued to grind higher in 2021, rising above 4,000 for the first time since early 2008. German Bund Yields remain around the levels hit in late February’s bond market...

from DailyFX - Market News https://ift.tt/3gCO327
via IFTTT

USD/CAD Rate Forecast: March Low on Radar Amid Search for Support

The March low (1.2365) sits on the radar for USD/CAD ahead of the Federal Reserve interest rate decision as the exchange rate searches for support.

from DailyFX - Market News https://ift.tt/2PsnrpA
via IFTTT

Markets Week Ahead: EUR/USD, Nasdaq, Gold, Fed, Earnings, GDP & Inflation

Markets look ripe for volatility next week. What are EUR/USD, Nasdaq, and gold traders watching out for with the Fed decision, equity earnings, and release of GDP and inflation data on deck?

from DailyFX - Market News https://ift.tt/2R0DYl2
via IFTTT

How to Short Sell a Stock When Trading Falling Markets

Short selling is a great way to trade on a falling market. Learn how to short stocks

from DailyFX - Market News https://ift.tt/3chNqsL
via IFTTT

British Pound (GBP) Outlook - Positve Sentiment Pushing GBP/USD Higher

A bullish economic report by BoE dep gov Broadbent is helping Sterling move higher with GBP/USD edging back towards 1.4000

from DailyFX - Market News https://ift.tt/3dNUihU
via IFTTT

Euro Outlook - EUR/USD Mixed as German Ifo Misses Market Expectations

The latest German Ifo release missed market forecasts earlier and this is likely to temper any further EUR/USD gains in what is expected to be a very busy week.

from DailyFX - Market News https://ift.tt/32Qt6Zs
via IFTTT

European Morning Forecast: DAX 30 Rally in Question, EUR/USD Swinging Higher

Bullish market conditions are still in play but recent gains look over-extended

from DailyFX - Market News https://ift.tt/2QZpqSJ
via IFTTT

US Dollar Price Forecast: DXY to Slide Lower Ahead of FOMC Rate Decision

The Federal Reserve’s dovish stance may counterbalance a series of robust economic data prints and limit the US Dollar’s upside against its major counterparts.

from DailyFX - Market News https://ift.tt/3dTiuj3
via IFTTT

Crude Oil Prices Down on Asian Demand Concerns Amid Viral Resurgence

Crude oil prices retreated slightly as viral resurgence in Japan and India clouded Asia’s energy demand outlook. This week’s OPEC+ meeting will be closely eyed by oil traders.

from DailyFX - Market News https://ift.tt/3etMuRD
via IFTTT

Gold Prices Rebound as the USD Falls, Japan in State of Emergency Again

Gold prices rebounded modestly amid a weakening US Dollar. Japan declared a new state of emergency in Tokyo, Osaka and two other prefectures as Covid cases surged, buoying demand for safety.

from DailyFX - Market News https://ift.tt/3vjhOJE
via IFTTT

US Dollar Outlook: SGD, IDR, PHP, THB Eyeing Fed and US Fiscal Policy Impact

The US Dollar remains vulnerable to ASEAN currencies with the Fed on tap. Rising corporate and capital gains tax hike bets may pressure Treasury yields, boosting Emerging Market FX.

from DailyFX - Market News https://ift.tt/2QA1DbX
via IFTTT

Dow Jones, Hang Seng, ASX 200 Outlook: FAANG Results in Focus as Earning Season Peaks

Stocks on Wall Street closed broadly higher on Friday as investors anticipated strong earnings from FAANG companies this week. The Fed and BoJ interest rate decisions and Chinese PMI data will also...

from DailyFX - Market News https://ift.tt/2Qu7z6g
via IFTTT

USD/JPY May Rise at Trendline Support Following Bank of Japan Rate Decision

USD/JPY is testing trendline support following a third weekly loss. Yen traders will have their eyes on the upcoming Bank of Japan rate decision this week.

from DailyFX - Market News https://ift.tt/2PkzRj4
via IFTTT

Markets Week Ahead: EUR/USD, Nasdaq, Gold, Fed, Earnings, GDP & Inflation

Markets look ripe for volatility next week. What are EUR/USD, Nasdaq, and gold traders watching out for with the Fed decision, equity earnings, and release of GDP and inflation data on deck?

from DailyFX - Market News https://ift.tt/3xymrBw
via IFTTT

S&P 500 Forecast: Will Strong Earnings Shelter Stocks from Tax-Motivated Selling?

Strong Q1 earnings and upbeat economic data may shelter the US stock market from tax headwinds. Investors are eyeing FAANG results this week amid worsening pandemic situations elsewhere in the world.

from DailyFX - Market News https://ift.tt/3nvc90t
via IFTTT

Sentiment Indicators: Using IG Client Sentiment

IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.

from DailyFX - Market News https://ift.tt/3aDlON4
via IFTTT

Mexican Peso Weekly Forecast: USD/MXN Bears Remain in Control

The Mexican Peso holds its ground against the US Dollar despite slow vaccinations and a move away from risk.

from DailyFX - Market News https://ift.tt/3nk34HA
via IFTTT

Euro Forecast: EUR/USD Outlook Still Constructive After Break Above 1.20

Last week saw EUR/USD break above 1.20 for the first time since early March; now it will likely pause for breath before possibly strengthening further.

from DailyFX - Market News https://ift.tt/3dPnhlC
via IFTTT

The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.

from DailyFX - Market News https://ift.tt/3mk0EXh
via IFTTT

Gold Price Outlook Hinges on FOMC as US 10 Year Yield Defends April Low

The Federal Reserve interest rate decision may keep the price of gold afloat as the central bank relies on its non-standard tools to achieve its policy targets.

from DailyFX - Market News https://ift.tt/2QPFUg2
via IFTTT

US Dollar Forecast: Fed in Focus Amid Corporate and Capital Gains Tax Hike Bets

The US Dollar remains in a challenging environment as corporate and capital gains tax hike bets bring the Federal Reserve into the spotlight as the April meeting nears.

from DailyFX - Market News https://ift.tt/3xlwPfS
via IFTTT

Forex Vs. Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.

from DailyFX - Market News https://ift.tt/3sN1JLG
via IFTTT

Bitcoin (BTC), Ethereum (ETH) Crumble, Alt-Coins Hammered - Will Buyers Step Back In Again?

The cryptocurrency market took a sharp leg lower overnight, with the alt-coin space hit particularly hard. Is this the latest chance to buy cheaper stock?

from DailyFX - Market News https://ift.tt/3gFdEaL
via IFTTT

How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

from DailyFX - Market News https://ift.tt/3nL6t1y
via IFTTT

Australian Dollar Forecast: AUD/USD Eyes Inflation, Risk Trends

AUD/USD price action looks teed up to resume its ascent following a period of consolidation. Can broader risk trends and inflation data due for release ignite Australian Dollar strength next week?

from DailyFX - Market News https://ift.tt/32LskwZ
via IFTTT

Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

from DailyFX - Market News https://ift.tt/38yXQ5q
via IFTTT

EUR/USD Rate Outlook Mired by Failed Attempts to Test March High

The failed attempt to test the March high (1.2113) may push EUR/USD back within a descending channel as the ECB remains in no rush to switch gears.

from DailyFX - Market News https://ift.tt/3aBglq1
via IFTTT

EUR/USD on Defense as US Dollar Firms Following Strong PMI Data

EUR/USD price action has ripped higher during Friday's trading session so far, but the US Dollar is trying to regain its footing and strengthen following solid PMI data just released by IHS Markit.

from DailyFX - Market News https://ift.tt/32Etc6j
via IFTTT

Australian Dollar Forecast: Key AUD/USD, AUD/JPY Levels to Watch

AUD/USD indecision as range holds, eyes on CPI and Fed. AUD/JPY may struggle going forward.

from DailyFX - Market News https://ift.tt/3gzipCA
via IFTTT

How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

from DailyFX - Market News https://ift.tt/3uvBlXG
via IFTTT

British Pound (GBP) - Positive UK Data Releases Should Stem Any Further GBP/USD Declines

A robust set of UK retail sales and PMI releases earlier today should bolster Sterling and prompt a push higher

from DailyFX - Market News https://ift.tt/3gxFdml
via IFTTT

How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

from DailyFX - Market News https://ift.tt/39fr3T7
via IFTTT

Bitcoin, Ethereum Collapse on Biden Tax Plan

Bitcoin slumps below $50,000 as investors unload assets with the highest returns

from DailyFX - Market News https://ift.tt/3ayPQBu
via IFTTT

Euro Price Forecast: EUR/USD Aiming Higher on Easing Covid-19 Restrictions

A relatively uneventful ECB meeting, in combination with easing coronavirus restrictions in several European nations, could open the door for EUR/USD to extend recent gains.

from DailyFX - Market News https://ift.tt/3ayE6iv
via IFTTT

Gold Prices Pause Rally as India's Covid Infections Surge, US Jobless Claims Fall

Gold prices retreated from an eight-week high as India reported a record daily increase of Covid-19 cases, dampening the outlook for demand. US jobless claims fell to a fresh pandemic low.

from DailyFX - Market News https://ift.tt/32F87sB
via IFTTT

Bitcoin Sinks as US Capital Gains Tax Proposal Injects Fear Into Crypto Market

Bitcoin is on track to record its worst week since early February, with the cryptocurrency breaching below the 50k level in the aftermath of Biden's capital gains tax proposal.

from DailyFX - Market News https://ift.tt/2PcSLbC
via IFTTT

EUR Q2 2021 Technical Forecast

The Euro has sold off in dramatic fashion against the US Dollar, with EUR/USD aiming to complete its third consecutive monthly loss.

from DailyFX - Market News https://ift.tt/3fVWDZB
via IFTTT

Introduction to Pitchfork Analysis & Median Line Trading

Find out how parallels of these trend lines can be utilized to give structure to a market advance or decline.

from DailyFX - Market News https://ift.tt/3rmRMU2
via IFTTT

Canadian Dollar Forecast: CAD/JPY Primed to Claw Back Downside

CAD/JPY price action could recoil back toward year-to-date highs as the Canadian Dollar strengthens on the heels of a relatively hawkish shift in BoC monetary policy.

from DailyFX - Market News https://ift.tt/3dGkP0s
via IFTTT

Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

Federal Reserve policymakers are heading towards their April rate decision next week, but that doesn’t mean policy is heading anywhere new soon.

from DailyFX - Market News https://ift.tt/3emZoAI
via IFTTT

USD/JPY Halts Eight Day Decline as US 10 Year Yield Defends April Low

USD/JPY attempts to halt an eight day losing streak as the 10-Year US Treasury yield appears to be defending monthly low (1.53%).

from DailyFX - Market News https://ift.tt/3ayZy6V
via IFTTT

Short EUR/NOK: Q2 Top Trading Opportunities

A stronger Krone will weigh down on inflation and if price pressures continue to run hot, a rate hike may be put in place sooner rather than later. On the other side, the Euro is struggling and is ...

from DailyFX - Market News https://ift.tt/3mGyJTh
via IFTTT

AUD Q2 2021 Technical Forecast

Heading into 2021, our ‘bottom line’ on the Aussie technicals noted, “the Australian Dollar price rally has matured with an advance of more than 37% off the yearly lows risking topside exhaustion i...

from DailyFX - Market News https://ift.tt/3tOygRS
via IFTTT

Dow, Nasdaq, S&P 500 Sink with Biden to Pitch 43.4% Capital Gains Tax

Major stock indices like the Dow, Nasdaq, and S&P 500 are free-falling during afternoon trade on Thursday in response to news that President Biden is set to propose a 43.4% capital gains tax rate.

from DailyFX - Market News https://ift.tt/3xgjjK9
via IFTTT

Ethereum (ETH/USD) Fresh Highs; BTC/USD, Dogecoin Back Down

Crypto mania has continued but this time, the focus has been on Ethereum. Both Bitcoin and Dogecoin remain more subdued, at least for now.

from DailyFX - Market News https://ift.tt/3gvcuyw
via IFTTT

4 Effective Trading Indicators Every Trader Should Know

Discover the best forex indicators for a simple strategy: Moving Average, MACD, Stochastic and RSI.

from DailyFX - Market News https://ift.tt/3spDAdO
via IFTTT

Euro Forecast: ECB Does Little, Euro Facing Turning Risk Trends - Setups in EUR/GBP, EUR/JPY, EUR/USD

The April ECB rate decision did little for the Euro – one way or the other. This leaves the currency at the whims of broader risk trends, which are eroding.

from DailyFX - Market News https://ift.tt/3aworQB
via IFTTT

USD/CAD Slips Back Below 50-Day SMA as BoC Slows Pace of QE Program

Failure to hold above the 50-Day SMA (1.2576) may push USD/CAD towards the March low (1.2365) as the BoC slows the pace of its quantitative easing (QE) program.

from DailyFX - Market News https://ift.tt/2RQiSWJ
via IFTTT

Breaking: ECB Announcement Unchanged, EUR/USD Muted

Euro and Bund yields muted following ECB copy and paste.

from DailyFX - Market News https://ift.tt/3sHKPwA
via IFTTT

Bitcoin (BTC/USD) Slide Resumes, Ethereum (ETH/USD) Continues to Outperform

Bitcoin (BTC/USD) is slipping lower again and is nearing the sell-off low made over the weekend. Ethereum remains positive and pushing higher.

from DailyFX - Market News https://ift.tt/3vbJv6S
via IFTTT

Euro Latest: EUR/USD, EUR/GBP Price Action Set-Up for ECB

EUR/USD finding support at 1.20, EUR/GBP recovering from last week’s reversal

from DailyFX - Market News https://ift.tt/2PexHSc
via IFTTT

Short EUR/JPY - Q2 Top Trading Opportunities

Putting together a weak Euro with a stronger Yen, there is plenty of scope for EUR/JPY to weaken if you think the recovery will be rather bumpier than current market pricing implies.

from DailyFX - Market News https://ift.tt/3dzM4bN
via IFTTT

Silver Price Forecast: XAG/USD Breakout Stalls at Key Resistance

Safe-haven demand picks up as new Covid-19 infections get out of hand in some countries

from DailyFX - Market News https://ift.tt/3tHuTfn
via IFTTT

Oil Q2 2021 Technical Forecast

After an impressive start to 2021, the oil forecast for the second quarter of the year is lacking an overly optimistic tone given a weaker picture for demand and stronger growth in rival supply, as...

from DailyFX - Market News https://ift.tt/39JiX4H
via IFTTT

British Pound (GBP) Outlook: Failing to Benefit From Global 'Risk On' Sentiment

GBP/USD still seems unable to break through the important 1.40 level on a sustained basis even though a rebound in global equities suggests that investors are generally confident.

from DailyFX - Market News https://ift.tt/2RUxxAp
via IFTTT

Trouble for EUR/CAD, EUR/NOK: Q2 Top Trading Opportunities

The Euro has lost a significant amount of ground against the commodity-sensitive Norwegian Krone and Canadian Dollar in the first quarter of 2021. These losses appear to stem from the divergence in...

from DailyFX - Market News https://ift.tt/3uARkTr
via IFTTT

Crude Oil Prices Suppressed by Rising Stockpiles and Demand Concerns

Crude oil prices extended lower after registering a two-day loss of 3.8% amid viral resurgence and rising inventories. The OPEC+ is expected to maintain production policy unchanged in a meeting nex...

from DailyFX - Market News https://ift.tt/3tGiV5N
via IFTTT

Gold Prices Extend Higher as Yields Fall, ECB Meeting in Focus

Gold prices edged upward to an eight-week high as Treasury yields fell alongside the US Dollar. Gold traders are eyeing the ECB meeting later today for clues about the central bank’s monetary polic...

from DailyFX - Market News https://ift.tt/3gvykSo
via IFTTT

Euro Technical Analysis: EUR/USD, EUR/AUD, EUR/NZD, EUR/JPY Chart Setups

The Euro offers potentially actionable trade setups against various pairs including EUR/USD, EUR/AUD, EUR/NZD and EUR/JPY.

from DailyFX - Market News https://ift.tt/3eBRYdd
via IFTTT

Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

from DailyFX - Market News https://ift.tt/3nTLr0h
via IFTTT

JPY Q2 2021 Fundamental Forecast

As anticipated, the Japanese Yen started off the new year on a sour note.

from DailyFX - Market News https://ift.tt/3rYVSl0
via IFTTT

Gold Forecast: Has XAU/USD Price Action Officially Bottomed?

Gold bulls have staged an eye-catching rebound to eight-week highs with XAU/USD price action catching a strong bid as real yields edge lower, but has the precious metal officially bottomed?

from DailyFX - Market News https://ift.tt/2RPDs9L
via IFTTT

Silver Price Forecast: XAG/USD Ponders Breakout Alongside Gold Gains

Silver jumped to its highest price in weeks Wednesday as further Treasury yield weakness propped up precious metal prices. With a breakout on the horizon, can silver extend recent gains?

from DailyFX - Market News https://ift.tt/3n92UCF
via IFTTT

S&P 500, Financials, Bond ETF Flows After Strong Q1 Bank Earnings

The XLF Financial Sector ETF and Treasury ETFs have remained subdued amidst strong bank earnings for Q1 and a pause in the rise in US yields.

from DailyFX - Market News https://ift.tt/3augImg
via IFTTT

Oil Price Forecast: Move Below 50-Day SMA to Keep March Range Intact

The price of oil may continue to track the March range as crude struggles to hold above the 50-Day SMA ($61.54).

from DailyFX - Market News https://ift.tt/3szvmPr
via IFTTT

British Pound Technical Analysis: GBP/USD, GBP/JPY

It was a big start to the week for the British Pound, but can Sterling bulls continue to push?

from DailyFX - Market News https://ift.tt/3eAWgBB
via IFTTT

USD Q2 2021 Technical Forecast

It was a bizarre beginning to a New Year for the US Dollar, but given 2020 I’m not sure how surprising it should be.

from DailyFX - Market News https://ift.tt/3sDyppC
via IFTTT

Bitcoin Forecast: BTC/USD Bearish Below 50-Day Moving Average

Bitcoin has struggled to regain altitude since BTC/USD price action plunged -10% this past weekend, and the cryptocurrency might remain under pressure below its 50-day moving average.

from DailyFX - Market News https://ift.tt/3njp3P3
via IFTTT

CHF/JPY Struggles to Break Resistance Around 118.60, What’s Next?

CHF/JPY has continued to meet resistance around 118.60, a key high level in the pair’s multi-year range.

from DailyFX - Market News https://ift.tt/3sJV6sw
via IFTTT

EUR/USD Fails to Test March High as ECB Boosts PEPP for Second Week

EUR/USD fails to test the March high (1.2113) ahead of the ECB rate decision as the central bank boosts the pace of the PEPP for the second week.

from DailyFX - Market News https://ift.tt/3atK97S
via IFTTT

Canadian Dollar (CAD) Spikes as Bank of Canada (BoC) Tapers QE

Canadian Dollar soars on hawkish BoC. QE tapered despite rising virus cases.

from DailyFX - Market News https://ift.tt/2QNHbnC
via IFTTT

Euro Technical Analysis: EUR/CHF, EUR/NOK, EUR/SEK Rates Outlook

A look at some of the non-major EUR-crosses.

from DailyFX - Market News https://ift.tt/3nfhEjG
via IFTTT

Gold Price Outlook - Rally Aided by Positive Moving Average Crossover

Gold is pressing back towards $1,800/oz, helped in part by a sluggish US dollar and a positive chart signal

from DailyFX - Market News https://ift.tt/3tIFkiI
via IFTTT

How to Trade Forex News: An Introduction

Find out the essentials of trading the news with this introductory guide to forex news trading

from DailyFX - Market News https://ift.tt/3ej3Ss5
via IFTTT

Canadian Dollar (CAD) Price Action Set-Up on Bank of Canada Decision

BoC QE taper is the most likely course of action despite recent surge in virus cases.

from DailyFX - Market News https://ift.tt/3sEnPyy
via IFTTT

How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

from DailyFX - Market News https://ift.tt/3ty1ofT
via IFTTT

FTSE 100 Tumbles Below 7,000 on Virus Concerns and Tobacco Review

Airlines and financials continue to struggle as new Covid-19 variants threaten recovery

from DailyFX - Market News https://ift.tt/3tENKHN
via IFTTT

British Pound Outlook: UK Inflation, Producer Price Data Positive for GBP

The latest UK CPI and PPI figures haven’t changed the outlook for Sterling but are still positive long-term; the Bank of England will have to tighten monetary policy eventually.

from DailyFX - Market News https://ift.tt/32uLxmu
via IFTTT

Canadian Dollar Price Forecast: USD/CAD May Gain on Wait-and-See BoC

A wait-and-see approach from the Bank of Canada at its upcoming meeting, in light of an ever-worsening local coronavirus situation, could open the door for USD/CAD to extend recent gains.

from DailyFX - Market News https://ift.tt/32AsMOl
via IFTTT

Crude Oil Prices Fall on Rising Stockpiles and Viral Resurgence

An unexpected build in crude inventories sent oil prices lower on Wednesday. Rising coronavirus infections in India, Japan and other parts of the world dampened the outlook for energy demand.

from DailyFX - Market News https://ift.tt/3sw7coU
via IFTTT

Gold Prices Extend Higher amid Viral Resurgence, Falling Yields

Gold prices climbed to an 8-week high as viral resurgence in parts of the world dampened growth prospect, sending yields lower. Rising demand for safety boosted the appeal of the precious metal.

from DailyFX - Market News https://ift.tt/3gtbhrw
via IFTTT

Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

from DailyFX - Market News https://ift.tt/3oNUe4k
via IFTTT

AUD/USD Mixed as Retail Sales Surpass Expectations

Australian retail sales for the month of March grew by 1.4%, as lockdowns eased an early Easter holiday.

from DailyFX - Market News https://ift.tt/3dAIAqR
via IFTTT

Nasdaq 100 Outlook and Netflix Earnings Miss May Cast a Shadow on Hang Seng and ASX 200

Nasdaq 100 futures declined after Netflix reported a much lower-than-expected subscriber growth in Q1. Stock markets are facing a “reality check” for corporate earnings.

from DailyFX - Market News https://ift.tt/3xbwWdJ
via IFTTT

Nasdaq 100 Sinks Despite Mostly Upbeat Earnings, Asia-Pacific Turns Eye to AU Retail Sales

The Nasdaq 100 shifts lower for a second day despite mostly upbeat earnings reports. Traders will shift focus to Australia’s retail sales figure during Wednesday’s Asia-Pacific session.

from DailyFX - Market News https://ift.tt/3gx1AIN
via IFTTT

S&P 500 Forecast: Stocks Pull Back as Tech Earnings Approach

US equities are on the backfoot as strong bank earnings have faded into the rearview ahead of technology earnings. An abysmal quarterly report from Netflix will do little to bolster fragile sentiment.

from DailyFX - Market News https://ift.tt/3eyfc3V
via IFTTT

DOGE frenzy continues while Bitcoin (BTC/USD) Backs Down

Dogecoin’s rally continues as Bitcoin bulls face tests at key levels.

from DailyFX - Market News https://ift.tt/3n40i9a
via IFTTT

Nasdaq 100 ETF Sees Largest Outflow Since October - Stock Market Update

The Nasdaq 100-tracking QQQ ETF recorded its largest outflow since October on Friday as equities entered the week on the backfoot. Nevertheless, the longer-term trend remains higher, at least for now.

from DailyFX - Market News https://ift.tt/3sAgEaO
via IFTTT

What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

from DailyFX - Market News https://ift.tt/3doaAym
via IFTTT

Crude Oil Prices Drop as US Push Through With Anti-OPEC Bill

Oil prices extend losses as US House Judiciary Committee pass NOPEC Bill

from DailyFX - Market News https://ift.tt/3ef13Ze
via IFTTT

Central Bank Watch: BOE & ECB Interest Rate Expectations Update

Although the BOE doesn’t meet again until May, the ECB is squarely in focus with its April rate decision this week.

from DailyFX - Market News https://ift.tt/2QAzHEB
via IFTTT

NZD/USD Attempts to Negate Head-and-Shoulders Pattern Ahead of NZ CPI

NZD/USD appears to be on track to negate the head-and-shoulders formation from earlier this year as it approaches the March high (0.7307).

from DailyFX - Market News https://ift.tt/3gro7Xg
via IFTTT

What is Earnings Season & What to Look for in Earnings Reports?

Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.

from DailyFX - Market News https://ift.tt/2QGvoYg
via IFTTT

Market Sentiment Webinar: Bitcoin, Ethereum, Dogecoin and Gold in Focus

Cryptocurrencies and gold continue to grab investors’ attention as prices fall, but sentiment remains positive and longer-term upward trends remain intact.

from DailyFX - Market News https://ift.tt/3dA7iYi
via IFTTT

US Dollar in Neutral, GBP/USD The Largest Bull Bet - COT Report

US Dollar short squeeze stabilises, reducing contrarian properties. GBP/USD remains the largest bull bet.

from DailyFX - Market News https://ift.tt/3sxf2P1
via IFTTT

Will Dogeday see Dogecoin explode to $1?, Bitcoin, Ethereum Crushed

Dogecoin continues to surge as other cryptocurrencies struggle post-Coinbase listing

from DailyFX - Market News https://ift.tt/3x8DGsM
via IFTTT

Euro Outlook - EUR/USD Breakout But Sustained Rally May Prove Difficult

The single currency has broken above 1.2000 resistance against the US dollar and while this level now turns to support, further gains may be limited.

from DailyFX - Market News https://ift.tt/3n4rFA3
via IFTTT

Crude Oil Prices Look to US Inventory Data for Diretion

Crude oil prices are struggling for direction amid conflicted fundamental cues. Incoming inventory data may trigger a response jittery markets.

from DailyFX - Market News https://ift.tt/3x9XWu8
via IFTTT

British Pound (GBP) Outlook: GBP/USD Pausing for Breath at 1.40 Resistance

GBP/USD looks set for a minor correction lower after its recent strong advance, with 1.40 resistance the key level to watch; UK employment data were better than expected but failed to boost GBP.

from DailyFX - Market News https://ift.tt/3arHX0H
via IFTTT

Dow Jones, S&P 500, Nasdaq 100 Forecast: Q1 Earnings Take Centre-Stage

The Dow Jones, Nasdaq, and S&P 500 could continue to trudge higher in the coming days on the back of robust Q1 corporate earnings figures.

from DailyFX - Market News https://ift.tt/3tANNnZ
via IFTTT

Gold Prices Seesaw as US Dollar, Treasury Yields Diverge Before Netflix Earnings

Gold prices consolidated as the US Dollar fell but Treasury yields rallied. The technicals seem to favor XAU/USD upside as highly-anticipated Netflix earnings headlines the docket ahead.

from DailyFX - Market News https://ift.tt/3ar8tax
via IFTTT

Natural Gas Forecast: Prices Rise as Rare Cold Snap Grips Central US

A late-season cold snap in the United States is driving natural gas prices higher this week but will it last?

from DailyFX - Market News https://ift.tt/3tAcocL
via IFTTT

S&P 500 Index Falls as Tech Retreats, Nikkei 225 and ASX 200 May Follow

The S&P 500 paused a record rally amid weakness in the technology sector. Profit-taking activities appeared to be gathering pace as traders awaited corporate earnings. The US Dollar fell to a six-w...

from DailyFX - Market News https://ift.tt/32ttMnt
via IFTTT

New Zealand Dollar Forecast: NZD/USD Gains on Greenback Drop, Inflation Data Looms

NZD/USD is on the move higher as rising commodity prices and US Dollar weakness bolstered the New Zealand Dollar. Investors are eyeing inflation data.

from DailyFX - Market News https://ift.tt/3ebvv6m
via IFTTT

British Pound Technical Analysis: GBP/AUD, GBP/CAD, GBP/NZD Rates Outlook

Price action through the turn of April suggests that better days may be ahead for the GBP-crosses.

from DailyFX - Market News https://ift.tt/3xb7Qf9
via IFTTT

Gold Price Breakout on Hold as Yields Rise, GLD ETF Clocks Outflows

The Gold-tracking GLD ETF continues to see outflows even as gold pushes to its highest price in nearly two months. Gold bulls will also have to negotiate Treasury yields which remain a threat.

from DailyFX - Market News https://ift.tt/3goZme8
via IFTTT

Nasdaq 100 ETF Sees Largest Outflow Since October - Stock Market Update

The Nasdaq 100-tracking QQQ ETF recorded its largest outflow since October on Friday as equities entered the week on the backfoot. Nevertheless, the longer-term trend remains higher, at least for now.

from DailyFX - Market News https://ift.tt/3xbg2M8
via IFTTT

FinTwit, Women and Trading: An Interview with @DeadCaitBounce

Finance and trading are two areas where men considerably outnumber women. Progress is being made and DailyFX is highlighting that progress with a new series on women leaders changing finance.

from DailyFX - Market News https://ift.tt/3dw61By
via IFTTT

US Dollar Price Action Setups: EUR/USD, GBP/USD

The US Dollar continues to slide and this has helped to propel both EUR/USD and GBP/USD. Do USD bears have staying power?

from DailyFX - Market News https://ift.tt/3eb09ga
via IFTTT

AUD/USD Rate on Track to Negate Head-and-Shoulders Formation

AUD/USD appears to be on track to negate the head-and-shoulders formation from earlier this year as it approaches the March high (0.7849).

from DailyFX - Market News https://ift.tt/3v49Zra
via IFTTT

FX Week Ahead - Top 5 Events: New Zealand, Canada, & UK Inflation Rates; BOC & ECB Rate Decisions

Now in the second half of April, the economic calendar brings forth several data releases and events that historically invite more volatility to FX markets.

from DailyFX - Market News https://ift.tt/2QiEevF
via IFTTT

Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

from DailyFX - Market News https://ift.tt/3dvhZeI
via IFTTT

Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.

from DailyFX - Market News https://ift.tt/3c9N0TK
via IFTTT

USD/CAD Outlook Hinges on Bank of Canada (BoC) Forward Guidance

USD/CAD may continue to give back the rebound from the March low (1.2365) if the Bank of Canada (BoC) adjusts the forward guidance for monetary policy.

from DailyFX - Market News https://ift.tt/32rJWxJ
via IFTTT

Markets Week Ahead: Dow Jones, Gold, EUR/USD, ECB, USD/CAD, BoC, Treasury Yields

A decline in Treasury yields continued supporting the Dow Jones and Nasdaq Composite as the US Dollar fell. Gold and silver prices are on the rise following notable breakouts. EUR/USD and USD/CAD a...

from DailyFX - Market News https://ift.tt/2QGedpG
via IFTTT

FTSE 100 Update: FTSE Surpasses 7000, Rising 40% From 2020 Low

The FTSE 100 has been buoyed by loose monetary policy, recent relaxations in local lockdown restrictions and optimism around the global economic recovery.

from DailyFX - Market News https://ift.tt/3dsU3Zh
via IFTTT

EUR/USD Breaks Above 1.20 as US Dollar Losses Intensify, DAX 30 Keeps Record Highs

Euro bulls manage to break the 1.20 mark after several attempts, whilst the DAX 30 continues its bullish pace

from DailyFX - Market News https://ift.tt/3x7agvb
via IFTTT

British Pound (GBP) - Positive Outlook Pushing GBP/USD Higher, Extending Last Week's Gains

Sterling opens the week on the front foot and pushing back above Friday’s high against the US dollar, while EUR/GBP looks set to re-test the 0.8600 area again.

from DailyFX - Market News https://ift.tt/3dwOPfn
via IFTTT

US Dollar Forecast: USD/JPY Testing Key Support as Yields Slide Lower

The USD/JPY exchange rate is challenging a key inflection point after sliding significantly lower on the back of falling US Treasury yields. Is a more extended correction in the offing?

from DailyFX - Market News https://ift.tt/2QD389a
via IFTTT

Crude Oil Prices Retreat after Big Rally as Traders Await Fresh Catalysts

Crude oil prices retreated for a second day after registering big gains last week. Uneven vaccine progress around the globe and surging infections in India remain threats to energy demand.

from DailyFX - Market News https://ift.tt/3n0WhTa
via IFTTT

Gold Prices Extend Higher on Chinese Demand Boost, Falling Yields

Gold prices edged higher as Treasury yields fell. China has given banks permission to import large amount of gold to meet domestic demand ahead of the “Golden Week” holiday.

from DailyFX - Market News https://ift.tt/3tvuNqR
via IFTTT

US Dollar Forecast: SGD, THB, IDR, PHP May Rise. Bank of Indonesian on Tap

The US Dollar weakened against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso as Treasury yields fell. More of the same may be ahead.

from DailyFX - Market News https://ift.tt/3gtb1bQ
via IFTTT

Nasdaq 100, Hang Seng, ASX 200 Outlook: Tech Earnings in Focus as US Stocks Hit Records

Stocks on Wall Street closed at all-time highs as investors anticipated a strong earnings season ahead. Futures across the Asia Pacific look set to ride this tailwind. Cryptocurrencies tumbled over...

from DailyFX - Market News https://ift.tt/3sDumKd
via IFTTT

Bitcoin Tumbles Amid Xinjiang Blackout, Possible US Treasury Investigation

Bitcoin prices tumbled lower amid news of a possible US Treasury investigation into the crypto space and a blackout in the Chinese BTC mining region of Xinjiang.

from DailyFX - Market News https://ift.tt/2P0hTCl
via IFTTT

Markets Week Ahead: Dow Jones, Gold, EUR/USD, ECB, USD/CAD, BoC, Treasury Yields

A decline in Treasury yields continued supporting the Dow Jones and Nasdaq Composite as the US Dollar fell. Gold and silver prices are on the rise following notable breakouts. EUR/USD and USD/CAD a...

from DailyFX - Market News https://ift.tt/32omkd8
via IFTTT

Dow Jones May Aim Higher, Backed by Earnings and Robust Data

A slew of strong bank earnings and upbeat economic data may pave the way for US equity indices to march higher. With accelerated consumer spending and job creation, the path of least resistance see...

from DailyFX - Market News https://ift.tt/3tsCTk8
via IFTTT

Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

from DailyFX - Market News https://ift.tt/3uVMS2I
via IFTTT

Euro Forecast: EUR/USD Outlook Improves, What to Expect From ECB Meeting

For Euro traders, the week ahead will be dominated by Thursday’s ECB meeting. Eurozone monetary policy won’t be changed but Lagarde’s comments are expected to be dovish.

from DailyFX - Market News https://ift.tt/2RNcSON
via IFTTT

Gold Weekly Forecast: More Upside Likely - Can it Be Sustained?

Gold is back at levels last seen in February after clearing key resistance.

from DailyFX - Market News https://ift.tt/3af7cmX
via IFTTT

As a New Retail Trader Age Rises, Heed Tales of Past Manias

In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.

from DailyFX - Market News https://ift.tt/3aTc7uJ
via IFTTT

US Dollar Outlook Mired by Fall in Longer-Dated US Treasury Yields

The US Dollar extends the decline from the start of April as the as the 10-Year Treasury yield slips to a fresh monthly low (1.53%).

from DailyFX - Market News https://ift.tt/3sp94zO
via IFTTT

Bitcoin, Ethereum Slide on Turkish Ban, Dogecoin Goes Ballistic, Up 500%+ in a Week

Bitcoin (BTC/USD) is giving back some of this week’s record gains after Turkey bans crypto-payments, but lower prices will likely entice buyers back to the table. Dogecoin soars.

from DailyFX - Market News https://ift.tt/3wYcEV7
via IFTTT

Australian Dollar Forecast: AUD/USD May Rise as Dovish Fed Calms Yields, US Dollar

The Australian Dollar could continue capitalizing on dovish Fed commentary that has been denting the US Dollar and Treasury yields, boosting stocks ahead of a relatively quiet week.

from DailyFX - Market News https://ift.tt/3ahB2r4
via IFTTT

S&P 500 Forecast: Has the Market Finally Bought What the Fed Was Selling?

US equities have pushed to new heights as strong bank earnings and widespread risk appetite work in tandem to drive price gains. Not to be outdone, US Treasurys could supercharge gains if yields fa...

from DailyFX - Market News https://ift.tt/3tlFzQy
via IFTTT

Dodgecoin Goes Parabolic as Bitcoin (BTC/USD) Backs Down

Dodgecoin soars while Bitcoin retreats to psychological support

from DailyFX - Market News https://ift.tt/2OSZwPG
via IFTTT

Weekly Fundamental British Pound Forecast: Seeking Semblance of Stability

As UK vaccination rates have slowed, coupled with a backdrop of calmed UK Gilt yields, the British Pound’s relative appeal that carried it through the first three months of 2021 has been tarnished.

from DailyFX - Market News https://ift.tt/3e6cfY1
via IFTTT

Gold Price Clears March High as Dovish Fed Rhetoric Drags on US Yields

The break above the March high ($1760) may push the price of gold towards the February high ($1872) as key reversal appears to be unfolding in April.

from DailyFX - Market News https://ift.tt/3smL2Fl
via IFTTT

Consumer Sentiment Hits New Pandemic High in April But Misses Expectations

The Consumer Sentiment Index rose to its highest level since the onset of the pandemic in April but failed to meet expectations.

from DailyFX - Market News https://ift.tt/3v0oXOT
via IFTTT

US Dollar Forecast: USD/ZAR, USD/CHF tests critical support

The US Dollar has fallen to critical support as risk sentiment continues to support both EM and carry trade.

from DailyFX - Market News https://ift.tt/3dlOL1F
via IFTTT

Trading Forex at the News Release

Learn how to trade forex news at the release with our top news trading strategies

from DailyFX - Market News https://ift.tt/3qf0a6E
via IFTTT

Short EUR/MXN: Q2 Top Trading Opportunities

I’m short EUR/MXN in the second quarter, given the Euro’s resilience against EM currencies in the last 6 months, despite risk-on appetite bringing them back from March 2020 lows.

from DailyFX - Market News https://ift.tt/3e21vtC
via IFTTT

Euro Outlook - Conflicting Technical and Sentiment Signals Leave EUR/USD in Limbo

The single currency is struggling to break back above 1.2000 against the US dollar and a series of chart signals is muddying the outlook.

from DailyFX - Market News https://ift.tt/3gh6U2G
via IFTTT

EUR Q2 2021 Fundamental Forecast

The key question for EUR/USD traders looking at the second quarter of 2021 is whether the steep decline in the pair in the first quarter will reverse in Q2, and the answer is quite possibly yes.

from DailyFX - Market News https://ift.tt/3uVQqRy
via IFTTT

British Pound (GBP) Forecast: Headwinds Persist - EUR/GBP Poised to Continue Bullish Trend

EUR/GBP keeps to its uptrend after clearing key resistance as EUR buyers consolidate momentum

from DailyFX - Market News https://ift.tt/2PZuQNv
via IFTTT

Crude Oil Price Rise May Stall as Supply Swell Swamps Demand

Crude oil prices have mounted a spirited rebound thanks to heavy-duty outflow from US inventories but swelling supplies may cap upside follow-through.

from DailyFX - Market News https://ift.tt/3uOkcYq
via IFTTT

Gold Prices Threaten Key Chart Barrier as Yields Drop Spurs Rebound

Gold prices are testing a critical chart barrier on the way upward as a drop in Treasury bond yields boosts the non-yielding metal’s relative appeal. A break higher is likely to expose the $1800/oz...

from DailyFX - Market News https://ift.tt/3ggLsuG
via IFTTT

Swiss Franc Forecast: USD/CHF, EUR/CHF Moderation Eases Pressure on SNB

The Franc weakened against the Euro and US Dollar in the first quarter, taking pressure off the Swiss National Bank's currency intervention. A miscalculation by the SNB, however, risks sending the ...

from DailyFX - Market News https://ift.tt/3tpKO1x
via IFTTT

USD/CNH as Reflation Hopes Build: Q2 Top Trading Opportunities

While USD/CNH has rebounded from a two-and-half year low, the Federal Reserve’s dovish-tilted policy guidance and the PBOC’s neutral stance suggest that the currency pair may lack significant upsid...

from DailyFX - Market News https://ift.tt/3mtAovs
via IFTTT

Australian Dollar May Still Finish Week Strong Despite Lackluster Chinese GDP

The Australian Dollar may still finish the week strong despite lackluster Chinese GDP and industrial production. AUD/USD confirmed a break above a Descending Triangle, eyeing resistance.

from DailyFX - Market News https://ift.tt/3gfIt5U
via IFTTT

Dow Jones Rallies on Strong US Data, Nikkei 225 and ASX 200 Eye China GDP

A much stronger-than-expected US retail sales data and bank earnings sent Wall Street equities to their record highs, and Treasury yields fell. Chinese Q1 GDP figure will set the tone for APAC trad...

from DailyFX - Market News https://ift.tt/2ORnHxV
via IFTTT

JPY Q2 2021 Technical Forecast

The technical outlook for the haven-associated Japanese Yen remains overtly bearish, after the funding currency toppled over 5.5% on average against its major counterparts in the first quarter of 2...

from DailyFX - Market News https://ift.tt/3snnyzZ
via IFTTT

S&P 500 Forecast: Has the Market Finally Bought What the Fed Was Selling?

US equities have pushed to new heights as strong bank earnings and widespread risk appetite work in tandem to drive price gains. Not to be outdone, US Treasurys could supercharge gains if yields fa...

from DailyFX - Market News https://ift.tt/3ahCFom
via IFTTT

Trading Earnings Season: 3 Steps for Using Earnings Reports

Read on for our 3 steps to follow when using earnings reports for trading.

from DailyFX - Market News https://ift.tt/3aehfbH
via IFTTT

Small Caps, Copper, EM FX: Q2 Top Trading Opportunities

Coming into 1Q’21, my expectation was that “if growth is the story of 2021, the underperformers of early-2020 should do well.” It is worth acknowledging outperformances and underperformances thus far.

from DailyFX - Market News https://ift.tt/3tnnwcQ
via IFTTT

AUD Q2 2021 Fundamental Forecast

The Australian Dollar appreciated against its US counterpart during the first quarter of 2021 with AUD/USD briefly trading above the 0.8000 handle in February.

from DailyFX - Market News https://ift.tt/3dlLVtO
via IFTTT

Silver Hits Three Week High, Future Outlook Remains Mixed

Silver hit a fresh three week high following strong prints in retail sales and jobless claims, but future move will likely remain tied to the path of US yields.

from DailyFX - Market News https://ift.tt/3e99cOy
via IFTTT

Bitcoin (BTC/USD) Support Test as Ethereum (ETH/USD) to Fresh Highs

Bitcoin broke out in a big way on the day of the Coinbase IPO, but it's Ethereum that's continued to push with even more strength over the past 24 hours.

from DailyFX - Market News https://ift.tt/3smR5ty
via IFTTT

Top 8 Forex Trading Strategies and their Pros and Cons

Compare the pros and cons of different forex strategies, from day trading to position trading.

from DailyFX - Market News https://ift.tt/3uaf2Gy
via IFTTT

EUR/USD Approaches Channel Resistance Even as ECB Boosts Pace of PEPP

EUR/USD may continue to appreciate over the coming days if the exchange rate manages to break out of the descending channel from earlier this year.

from DailyFX - Market News https://ift.tt/3tnyP4P
via IFTTT

USD/JPY to Rise as US Dollar Firms on 9.8% Jump in Retail Sales

USD/JPY price action might be on the move back higher as the US Dollar looks likely to strengthen in response to a 9.8% surge in monthly retail sales and better-than-expected jobless claims data.

from DailyFX - Market News https://ift.tt/3gevz82
via IFTTT

Canadian Dollar Forecast: USD/CAD, CAD/JPY Key Levels to Watch

USD/CAD continues to trade within defined range ahead of BoC. CAD/JPY outlook encouraging.

from DailyFX - Market News https://ift.tt/3e2VvAM
via IFTTT

Forex Vs Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.

from DailyFX - Market News https://ift.tt/3mSngAe
via IFTTT

US Dollar (DXY) Outlook Looks Weak But For How Much Longer?

The US dollar remains on the backfoot but a powerful technical formation is being hinted at that may halt the recent slide

from DailyFX - Market News https://ift.tt/3tn7Iqn
via IFTTT

Key Levels to Watch: EUR/USD Gears Up for 1.20, DAX 30 Unable to Break Tight Range

Euro bulls pick up pace whilst DAX 30 sellers and buyers battle for dominance

from DailyFX - Market News https://ift.tt/3tkrG5j
via IFTTT

GBP Q2 2021 Fundamental Forecast

The British Pound rallied towards GBP/USD 1.4200, slightly higher than our expectations, before dropping back to 1.3700.

from DailyFX - Market News https://ift.tt/3mObO8A
via IFTTT

USD/TRY Forecast: Turkish Lira Awaits Central Bank Decision

USD/TRY eyes Turkish central bank as new Governor makes decision on monetary policy.

from DailyFX - Market News https://ift.tt/3e7ZpZ6
via IFTTT

Gold (XAU) Price Outlook: Failing to Benefit From USD Weakness But Break Higher Likely

The price of gold continues to trade sideways but, if it breaks out, a move to the upside is more likely than a fall.

from DailyFX - Market News https://ift.tt/3uQewNv
via IFTTT

US Dollar Looks to Retail Sales, Jobless Claims Data for a Lifeline

The US Dollar looks to incoming retail sales and jobless data to revive reflation and Fed tightening speculation after receding bond yields weighed on the benchmark currency.

from DailyFX - Market News https://ift.tt/3uSePrj
via IFTTT

Crude Oil Price Outlook: Aiming for February Peak Ahead of US Retail Sales

WTI crude oil gained on Wednesday despite weakness on Wall Street, underpinned by a larger-than-expected EIA inventory drawdown. Oil may be setting up to revisit February peaks.

from DailyFX - Market News https://ift.tt/3dkjaxn
via IFTTT

Swiss Franc Forecast: USD/CHF, EUR/CHF Moderation Eases Pressure on SNB

The Franc weakened against the Euro and US Dollar in the first quarter, taking pressure off the Swiss National Bank's currency intervention. A miscalculation by the SNB, however, risks sending the ...

from DailyFX - Market News https://ift.tt/3g8ijln
via IFTTT

Gold and Silver Prices May Turn Higher as Long-Term Treasury Yields Stagnate

The progressive decline in longer-term Treasury yields recently, despite a larger-than-expected climb in inflation, could open the door for gold and silver to climb higher in the coming weeks.

from DailyFX - Market News https://ift.tt/3e5vn8m
via IFTTT

Australian Dollar Falls as Jobs Data Shows Decline in Full-Time Employment

The Australian Dollar declined in immediate trade following strong employment data, as the disparity between full-time and part-time employment overshadowed the otherwise strong data.

from DailyFX - Market News https://ift.tt/3goFDLZ
via IFTTT

Nasdaq 100 Retreats as Coinbase Falls, May Cast a Shadow on Hang Seng and ASX 200

The Nasdaq 100 fell from all-time-highs as Coinbase’s intraday swing lower soured risk appetite. Fed Chair Jerome Powell highlighted that tapering of asset purchase will come “way ahead” of interes...

from DailyFX - Market News https://ift.tt/2QnM0E7
via IFTTT

Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

from DailyFX - Market News https://ift.tt/2VP0mNf
via IFTTT

Bitcoin Price Forecast: Cryptos Surge Alongside Coinbase's Nasdaq Debut

Bitcoin tagged new all-time highs Wednesday alongside a broader surge in cryptocurrencies as a leading cryptocurrency exchange, Coinbase, went public debuted on the Nasdaq via direct listing.

from DailyFX - Market News https://ift.tt/3dnmRCN
via IFTTT

USD Q2 2021 Fundamental Forecast

Through the opening quarter of 2021, there were significant changes in focus from an incredible charge in retail appetite to anticipation for reopening economies after mass vaccinations to burgeoni...

from DailyFX - Market News https://ift.tt/2PVPr5i
via IFTTT

NZD/USD Climbs Back Above H&S Neckline to Approach 50-Day SMA

NZD/USD attempts to negate a head-and-shoulders formation, with the exchange rate approaching the 50-Day SMA (0.7155) as it climbs back above the neckline.

from DailyFX - Market News https://ift.tt/3dnaKFP
via IFTTT

Oil Prices continue to Surge after EIA report confirms shrinking supply

WTI US Crude Oil breaks above critical resistance

from DailyFX - Market News https://ift.tt/3tebXod
via IFTTT

Gold Technical Analysis: XAU/USD Teases Breakout as BTC, Coinbase Grab Headlines

Gold prices are getting close to the neckline of a double bottom pattern - but are bulls finally ready to re-take control?

from DailyFX - Market News https://ift.tt/3ggSlwd
via IFTTT

What is Earnings Season & What to Look for in Earnings Reports?

Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.

from DailyFX - Market News https://ift.tt/3shEGat
via IFTTT

Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Ongoing stability in global bond yields has helped provoked a drop in early rate hike expectations among the BOC, RBA, and RBNZ.

from DailyFX - Market News https://ift.tt/3e8ARiW
via IFTTT

Australian Dollar Forecast: Can Bitcoin Prices Provide a Leading Signal for Currencies?

Risks tilted to the upside for Australian jobs, while AUD/JPY tracks record high Bitcoin prices.

from DailyFX - Market News https://ift.tt/3acbmvF
via IFTTT

Copper Bullish Continuation: Q2 Top Trading Opportunities

Copper has been supported by unprecedented monetary policy, ultra-low interest rates and more importantly, low or negative real yields. It now looks to benefit from a strong recovery in output.

from DailyFX - Market News https://ift.tt/3gaVgGz
via IFTTT

USD/JPY Snaps April Opening Range as Bearish Price Series Takes Shape

USD/JPY searches for support as the exchange rate fails to retain the opening range for April and extends the series of lower highs and lows from earlier this week.

from DailyFX - Market News https://ift.tt/3uSIGzE
via IFTTT

S&P 500 Continues to Trade Around Highs as Big Banks Beat on Earnings

The S&P 500 continues to trade above the 4,100 level as strong bank earnings and reductions in loan-loss reserves provide further evidence of the improving economic outlook.

from DailyFX - Market News https://ift.tt/2QkYV9S
via IFTTT

Euro Forecast: EUR/USD Bulls Eyes Key Resistance as US Dollar Loses Steam

EUR/USD bulls in control as USD loses its shine, edging towards key resistance.

from DailyFX - Market News https://ift.tt/3gd7Chk
via IFTTT

Short AUD/CAD: Q2 Top Trading Opportunities

Heading into Q2, I am bearish on AUD/CAD on US economic outperformance, BoC tapering and favourable positioning.

from DailyFX - Market News https://ift.tt/3egJacz
via IFTTT

Dogecoin Explodes and Leads the CryptoMania Ahead of Coinbase DPO, Bitcoin Cash Surges

Dogecoin surges over 80% as the crypto markets booms in anticipation of the Coinbase DPO

from DailyFX - Market News https://ift.tt/3sbxv3u
via IFTTT

Oil Q2 2021 Technical Forecast

After an impressive start to 2021, the oil forecast for the second quarter of the year is lacking an overly optimistic tone given a weaker picture for demand and stronger growth in rival supply, as...

from DailyFX - Market News https://ift.tt/3tjAubo
via IFTTT

USD/CAD Weakness Set to Continue, Support Under Pressure

USD/CAD weakness remains with the pair drifting lower on a weaker USD and a better-bid oil market.

from DailyFX - Market News https://ift.tt/3dlmsRj
via IFTTT

British Pound (GBP) Outlook: GBP/AUD, GBP/NZD, GBP/JPY Weakening

Sterling is shifting lower against the Australian Dollar, New Zealand Dollar and Japanese Yen, as well as the Euro, after Andy Haldane, the lone hawk among UK policymakers, decided to step down.

from DailyFX - Market News https://ift.tt/3mKDKdk
via IFTTT

Nasdaq to Outperform Dow Jones as Reflation Trade Loses its Luster

The tech-heavy Nasdaq may outperform the benchmark Dow Jones index in the coming weeks as strong demand for Treasuries, and in-line inflation prints, take some steam out of the Reflation Trade.

from DailyFX - Market News https://ift.tt/2Qo5Yys
via IFTTT

Crude Oil Prices Climb on Falling Stockpiles, Brighter Demand Outlook

Crude oil prices extended higher on a larger-than-expected fall in crude inventories. Bullish momentum was building after OPEC+ upgraded its outlook for global oil demand.

from DailyFX - Market News https://ift.tt/3dig25n
via IFTTT

Gold Prices Probe Barrier as Inflation Data Sinks the USD and Yields

Gold prices advanced as longer-dated Treasury yields fell after a smooth 30-year bond auction. Strong US inflation data sent the US Dollar lower and buoyed precious metals prices.

from DailyFX - Market News https://ift.tt/3g5nanr
via IFTTT

New Zealand Dollar Forecast: NZD/USD Unscathed as RBNZ Holds Course

The New Zealand Dollar gave a muted reaction following the RBNZ's April OCR decision. NZD/USD appears to be aiming higher after a Falling Wedge break.

from DailyFX - Market News https://ift.tt/3mMpnFK
via IFTTT

S&P 500 Index Hits Record Highs as Bond Yields Drop, Nikkei 225 Falls as Machine Orders Contract

The S&P 500 rallied alongside the Nasdaq 100 index after the US released higher-than-expected inflation figures. The Dow Jones pulled back a bit though. Asia Pacific equities look set to trade mixed.

from DailyFX - Market News https://ift.tt/3a4krH1
via IFTTT

Singapore Dollar Gains on MAS, GDP Beat. Will USD/SGD Breach Key Support?

The Singapore Dollar rose as the Monetary Authority of Singapore left policy unchanged as GDP data beat estimates. USD/SGD may fall towards early January lows if Treasury yields weaken.

from DailyFX - Market News https://ift.tt/3dZiL2B
via IFTTT

Grab SPAC Set to Take Markets by Storm, After Commanding $40 Billion Valuation

The SPAC craze has once again been reignited, as Softbank-backed Grab Holdings is set to go public on the Nasdaq Exchange after securing a whopping $40 billion valuation.

from DailyFX - Market News https://ift.tt/3seaHA7
via IFTTT

Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead

Earnings season begins this week with the arrival of quarterly reports from the country’s largest banks. Can they shrug off losses from the recent Archegos blowup and rally higher or will risk aver...

from DailyFX - Market News https://ift.tt/3dgbnks
via IFTTT

How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

from DailyFX - Market News https://ift.tt/39fr3T7
via IFTTT

Oil Price Outlook Hinges on US Output as OPEC Upgrades Demand Forecast

Lack of momentum to push back above the 50-Day SMA ($60.69) may generate range bound prices in oil even as OPEC upgrades the outlook for global demand.

from DailyFX - Market News https://ift.tt/3mKjgS5
via IFTTT

Bitcoin (BTC/USD) Forecast: Bitcoin Bulls Force Their Way to Fresh Highs

Bitcoin has achieved another record high in anticipation of the Coinbase IPO.

from DailyFX - Market News https://ift.tt/2Q1clrF
via IFTTT

The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.

from DailyFX - Market News https://ift.tt/3mk0EXh
via IFTTT

AUD/USD April Opening Range Intact Ahead of Australia Employment Data

Fresh data prints coming out of Australia may sway the near-term outlook for AUD/USD as employment is expected to increase for the sixth consecutive month.

from DailyFX - Market News https://ift.tt/3uJLGOU
via IFTTT

US Dollar Drops, Gold Pops, S&P 500 Whipsaws on US CPI Rise

US CPI prints ahead of estimates, however, Fed remains adamant they will look through transitory rise.

from DailyFX - Market News https://ift.tt/327JDYI
via IFTTT

EUR Q2 2021 Fundamental Forecast

The key question for EUR/USD traders looking at the second quarter of 2021 is whether the steep decline in the pair in the first quarter will reverse in Q2, and the answer is quite possibly yes.

from DailyFX - Market News https://ift.tt/32gZhAV
via IFTTT

Market Sentiment Data Bearish for GBP/JPY | Webinar

Traders are currently unsure whether to buy or sell the markets as most trade within narrow ranges, but IG client sentiment data are pointing to a fall in Sterling against the Yen.

from DailyFX - Market News https://ift.tt/3a6rsaq
via IFTTT

Bitcoin (BTC/USD) Price Soars to a New All-Time High, Ripple (XRP/USD) Surge Continues

Bitcoin continues to print new record highs and the move doesn’t look over yet.

from DailyFX - Market News https://ift.tt/3dbs93S
via IFTTT

Gold Q2 2021 Technical Forecast

Gold has been declining since August 2020, and has yet to show any real signs of life.

from DailyFX - Market News https://ift.tt/32dTQCM
via IFTTT

Currency Volatility: Are Markets Underpricing CPI Volatility Risk?

What does today’s CPI release mean for markets and is the volatility risk underpriced?

from DailyFX - Market News https://ift.tt/3uLCeL4
via IFTTT

European Equities Technical Outlook: FTSE 100, IBEX 35, CAC 40

As banks kick off the earnings season in the US, we take a look at key levels for European indices.

from DailyFX - Market News https://ift.tt/32bkIUg
via IFTTT

British Pound (GBP) Outlook: GBP/USD Strength Likely to Resume

GBP/USD is well placed to advance further once today’s US inflation data are out of the way; the UK is reopening for business and the latest UK GDP data beat expectations.

from DailyFX - Market News https://ift.tt/32cu0z8
via IFTTT

US Dollar Price Forecast: Sharp Inflation Spike to Drive Yields, USD Higher

The US Dollar may extend gains in the near term as base effects result in a marked rise in inflation, and long-term Treasury auctions push yields higher.

from DailyFX - Market News https://ift.tt/3wTcTkf
via IFTTT

Crude Oil Prices May Break Range on OPEC Update, US CPI Data

Crude oil prices may finally break out of the range confining them for nearly a month as OPEC updates supply and demand projections while US inflation data shapes Fed policy bets.

from DailyFX - Market News https://ift.tt/3te5M3F
via IFTTT

Gold Price Outlook: Falling Ahead of 30-Year Treasury Auction, Resistance Reinforced

Gold prices are weakening ahead of a key 30-year Treasury auction and US CPI data. XAU/USD is struggling to move past resistance as the 50-day SMA guides it lower.

from DailyFX - Market News https://ift.tt/3g4eKg3
via IFTTT

Australian Dollar Outlook: US CPI Eyed as Chinese Trade Data Showed Import Surge

The Australian Dollar may be at risk despite Chinese trade figures that continued to hint at a global economic recovery. AUD/USD is eyeing US CPI amid a Head and Shoulders chart pattern.

from DailyFX - Market News https://ift.tt/3db6BEA
via IFTTT

Equities Q2 2021 Technical Forecast

The S&P 500 index is riding an ascending trend higher and may attempt to challenge a psychological resistance level at 4,000 (the 100% Fibonacci extension of the past year’s first phase rally).

from DailyFX - Market News https://ift.tt/326T7DF
via IFTTT

Bitcoin Price Forecast: Coinbase IPO May Fuel BTC's Push to Record Highs

Coinbase’s impending initial public offering could provide the necessary fuel for Bitcoin to push to fresh record highs in the coming days.

from DailyFX - Market News https://ift.tt/3wJOo8S
via IFTTT

S&P 500 Pauses Record Rally, Hang Seng and ASX 200 Drift Higher

Stocks on Wall Street retreated from record highs while Treasury yields climbed following smooth bond auctions. The Hang Seng and ASX 200 indexes are poised to gain slightly ahead of Chinese trade ...

from DailyFX - Market News https://ift.tt/3uIml84
via IFTTT

Introduction to Pitchfork Analysis & Median Line Trading

Find out how parallels of these trend lines can be utilized to give structure to a market advance or decline.

from DailyFX - Market News https://ift.tt/3rmRMU2
via IFTTT

Long DJIA on Reflation and Infrastructure: Q2 Top Trading Opportunities

A sustained reflation trade could place the Dow in a league of its own. If risk aversion takes root, valuation metrics in the Dow Jones are far more reasonable than elsewhere.

from DailyFX - Market News https://ift.tt/2OIDYp1
via IFTTT

USD Recovery and Resistance Hurdles: Q2 Top Trading Opportunities

Look for topside exhaustion early in the quarter to give way to larger pullback - losses should be limited by 91 IF price is indeed heading higher.

from DailyFX - Market News https://ift.tt/328lDES
via IFTTT

Gold Bearish Price Series Emerges amid Failure to Test March High

Lack of momentum to test the March high ($1760) instills a bearish outlook as the price of gold carves a fresh series of lower highs and lows.

from DailyFX - Market News https://ift.tt/3mFkGxf
via IFTTT

The CPI and Forex: How CPI Data Affects Currency Prices

Find out how to use the Consumer Price Index to make informed trading decisions.

from DailyFX - Market News https://ift.tt/325Ivoz
via IFTTT

Oil Q2 2021 Fundamental Forecast

The strong bid beneath crude oil broadly tracked market optimism surrounding covid vaccine developments, massive fiscal stimulus packages, and improved outlook for global GDP growth.

from DailyFX - Market News https://ift.tt/3wSr3SK
via IFTTT

British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP

The British Pound had a big start to the year. But so far Q2 is shaping up to be quite a bit different.

from DailyFX - Market News https://ift.tt/3tcVZe5
via IFTTT

US Dollar Bear Exit Persists, GBP & AUD Longs Slashed - COT Report

US Dollar net shorts are cut once again, AUD sees sizeable bull exit, GBP pullback exacerbated by long liquidation.

from DailyFX - Market News https://ift.tt/3mDklLB
via IFTTT

USD/CAD Rate to Eye March Low on Break of April Opening Range

USD/CAD may continue to give back the rebound from the March low (1.2365) if the exchange rate fails to retail the opening range for April.

from DailyFX - Market News https://ift.tt/3g5pAlJ
via IFTTT

Markets Week Ahead: Dow Jones, S&P 500, Bonds, Gold, NZD, RBNZ, Bank Earnings

The Dow Jones and S&P 500 pushed further into all-time highs amid falling Treasury yields and a weaker US Dollar. Gold seems to be finding some momentum. Ahead, earnings season is underway for majo...

from DailyFX - Market News https://ift.tt/2Qkv2Gx
via IFTTT

Gold Price Outlook - Will Resistance Continue to Block Further Upside?

Gold is unable to push higher as a cluster of resistance levels continue to hold firm. US data this week may prompt a bout of selling if inflation rears its head.

from DailyFX - Market News https://ift.tt/3uFiIzN
via IFTTT

South African Rand Technical Set-ups: USD/ZAR, EUR/ZAR, GBP/ZAR

Rand technical forecasts may suggest slowing bearish momentum across USD,EUR and GBP crosses.

from DailyFX - Market News https://ift.tt/3tgyqB2
via IFTTT

Short EUR/NOK: Q2 Top Trading Opportunities

A stronger Krone will weigh down on inflation and if price pressures continue to run hot, a rate hike may be put in place sooner rather than later. On the other side, the Euro is struggling and is ...

from DailyFX - Market News https://ift.tt/3mGyJTh
via IFTTT

DAX 30 Forecast: Testing Support as Correction Looms

The DAX 30 stumbles ahead of the start of the US earnings season, ascending trendline holding so far

from DailyFX - Market News https://ift.tt/3mIYl1J
via IFTTT

Ethereum (ETH/USD) Hits a New Record High, Ripple (XRP/USD) Soars, Coinbase to List on Nasdaq

Ethereum (ETH/USD) printed another all-time high over the weekend, while Ripple (XRP/USD) accelerated sharply higher

from DailyFX - Market News https://ift.tt/3238UDs
via IFTTT

USD/JPY Breakout Potential: Q2 Top Trading Opportunities

USD/JPY is on my radar as a breakout candidate after several years of narrowing price action. The price action in Q1 was some of the best we’ve seen in some time, but still leaves USD/JPY in the co...

from DailyFX - Market News https://ift.tt/2RrRDBQ
via IFTTT

Oil Q2 2021 Technical Forecast

After an impressive start to 2021, the oil forecast for the second quarter of the year is lacking an overly optimistic tone given a weaker picture for demand and stronger growth in rival supply, as...

from DailyFX - Market News https://ift.tt/3d8G4HT
via IFTTT

British Pound (GBP) Latest: EUR/GBP to Resume Bearish Trend

GBP on a firmer footing as lockdown measures ease further. EUR/GBP pulls back after recent short-squeeze

from DailyFX - Market News https://ift.tt/3uDbE6w
via IFTTT

Euro Price Outlook: EUR/USD at Risk as US Treasury Yields Aim Higher

The Euro’s recent rebound against the US Dollar may prove short-lived, despite a relatively bullish technical outlook, if upcoming inflation and retail sales figures intensify Federal Reserve taper...

from DailyFX - Market News https://ift.tt/3mE4FHI
via IFTTT

Crude Oil Prices Struggle Even as Powell Highlights Strong Recovery

Crude oil prices traded flat after falling over 3% last week even as Fed Chair Jerome Powell painted a rosy picture of US recovery. Uneven vaccine progress around the globe remains a threat to the ...

from DailyFX - Market News https://ift.tt/3a4BmsP
via IFTTT

Gold Prices Fall as Strong PPI Readings Boost Yields, USD Rises

Gold prices edged lower as stronger-than-expected Chinese and US PPI readings boosted longer-dated Treasury yields. However, a “Double Bottom” chart pattern points to upside potential.

from DailyFX - Market News https://ift.tt/3d9YfwV
via IFTTT

US Dollar Outlook: Bond Yields, Powell and CPI in Focus. USD/SGD Eyeing MAS, Chinese GDP

The US Dollar was flat against SGD, THB, IDR and PHP as falling Treasury yields offset potential gains from Emerging Market Stock declines. Ahead, all eyes are on Chinese GDP, US CPI, Powell and th...

from DailyFX - Market News https://ift.tt/3a20nVN
via IFTTT

New Zealand Dollar Forecast: NZD/USD, NZD/JPY Key Levels with RBNZ on Tap

The Reserve Bank of New Zealand’s is expected to reiterate its dovish stance, despite a remarkable rise in housing prices, which may open the door for NZD/USD, NZD/JPY to track lower in the near term.

from DailyFX - Market News https://ift.tt/3wQBFl4
via IFTTT

Dow Jones, Nikkei 225, ASX 200 Outlook: Bank Earnings in Focus as US Stocks Hit Records

Stocks on Wall Street closed at all-time highs as investors anticipated a strong earnings season ahead. Futures across Asia Pacific look set to ride this tailwind and trade higher.

from DailyFX - Market News https://ift.tt/3sb7wJm
via IFTTT

USD/CNH Forecast: Yuan Loans Data May Show China’s Appetite for Stimulus

The Chinese Yuan and Asia-Pacific equity markets may move on incoming March new loans data. Meanwhile, traders will be eyeing an interview with US Fed Chair Powell.

from DailyFX - Market News https://ift.tt/3dUHhSr
via IFTTT

Markets Week Ahead: Dow Jones, S&P 500, Bonds, Gold, NZD, RBNZ, Bank Earnings

The Dow Jones and S&P 500 pushed further into all-time highs amid falling Treasury yields and a weaker US Dollar. Gold seems to be finding some momentum. Ahead, earnings season is underway for majo...

from DailyFX - Market News https://ift.tt/321xyEu
via IFTTT

4 Effective Trading Indicators Every Trader Should Know

Discover the best forex indicators for a simple strategy: Moving Average, MACD, Stochastic and RSI.

from DailyFX - Market News https://ift.tt/3spDAdO
via IFTTT

Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead

Earnings season begins this week with the arrival of quarterly reports from the country’s largest banks. Can they shrug off losses from the recent Archegos blowup and rally higher or will risk aver...

from DailyFX - Market News https://ift.tt/3uG6ruP
via IFTTT

What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

from DailyFX - Market News https://ift.tt/3doaAym
via IFTTT

Mexican Peso Price Forecast: USD/MXN Tumble Continues Despite Banxico's Message of Caution

USD/MXN is keeping nicely to its descending trendline, aiming below the 20 pesos mark in the short-term.

from DailyFX - Market News https://ift.tt/3mCnD1r
via IFTTT

Euro Forecast: EUR/USD Outlook Tilted to the Downside in Week Ahead

EUR/USD has been climbing gently in the past few days after its recent steep falls. However, that was probably just position-squaring ahead of further weakness.

from DailyFX - Market News https://ift.tt/3fWRGjf
via IFTTT

US Dollar Fundamental Outlook Hinges on Treasury Yield Volatility

The US Dollar has faced notable headwinds over recent trading sessions with the DXY Index down over -1% so far this month. Will inflation data due reinvigorate Treasury yield volatility & USD bulls?

from DailyFX - Market News https://ift.tt/3d70HUX
via IFTTT

Gold Weekly Forecast: Gold Prices Preparing for a Break Out?

Key resistance remains a challenge for gold, eyes on US CPI for breakout.

from DailyFX - Market News https://ift.tt/3t9Wfua
via IFTTT

Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

from DailyFX - Market News https://ift.tt/3uVMS2I
via IFTTT