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Thursday, 6 May 2021

Euro Technical Analysis: Rally May Have Another Leg - Levels for EUR/GBP, EUR/JPY, EUR/USD

The Euro started May on rocky footing, but may be turning the corner after a trio of EUR-crosses rebounded at their daily 21-EMAs.

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Gold Price Tops $1,800 with Conviction – More Gains Ahead?

Gold price action has been ripping higher over recent trading sessions alongside silver. The precious metals are up 2.6% and 5.9% respectively this month, but could more gains be in store?

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Dogecoin: Doge Drops from All-Time High, Musk’s SNL Debut Up Next

Dogecoin recently reached a new all-time high after another two platforms announced that they would offer the meme-inspired coin. Doge trades down for the day thus far

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Oil Price Rally Vulnerable Amid Failure to Test March High

The rally in the price of oil appears to be stalling ahead of the March high ($67.98) as it fails to extend the series of higher highs and lows from the start of the week.

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Breaking: Bank of England Tapers QE, GBP/USD Jumps

BoE announces that it will slow QE purchases, while also upgrading their economic outlook.

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USDTRY Drops as Turkey Keeps Rates Unchanged, Easing Cycle Expected to Begin Soon

Risks surrounding Turkish Lira persist despite lack of rate cut from Turkey’s Central Bank

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Gold Price Latest - XAU/USD Trapped by Resistance, Will US NFPS Stoke a Move in US Treasury Yields?

Gold continues to bump into resistance around $1,800/oz. and traders will now wait to see if the latest US jobs report sets up a clean break or a retracement lower.

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Bank of England Preview: Will the BoE Taper QE?

BoE watchers eyeing a possible QE taper amid the improving UK economic backdrop and QE capacity restraints.

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Ethereum (ETHUSD) Outperforms as Bitcoin (BTCUSD) Shows Signs of Exhaustion

Altcoins build on positive momentum as Bitcoin struggles in its approach to 60,000

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Trading Forex at the News Release

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

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Canadian Dollar (CAD) Price Outlook: USD/CAD Poised For Further Leg Lower

USD/CAD looks ready to resume its previous decline after relative stability in the pair over the past seven days, with CAD benefiting from the persistent strength of crude oil prices.

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British Pound Aims Higher with BOE Stimulus Unwind in Focus

The British Pound is on the upswing and may gain more ground against the Euro as all eyes turn to the Bank of England for clues about its plans to unwind Covid-era stimulus.

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Wednesday, 5 May 2021

Crude Oil Prices May Turn Lower From Key Chart Barrier

Crude oil prices were unable to capitalize on an outsized draw from US inventories amid signs of softer end demand. Technical positioning warns that a major top may be forming.

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Gold Price Forecast: Fed Speak in Drivers Seat as Jobs Report Approaches

Gold prices look to the highly-anticipated non-farm payrolls report, but the Federal Reserve and its members' reaction to the jobs print will likely be gold's next big price driver.

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AUD/USD Sinks as China Suspends Economic Talks with Australia, Will Support Break?

The Australian Dollar fell as China’s NDRC suspended economic talks with Australia ‘indefinitely’, risking escalating tensions. AUD/USD remains glued to risk trends ahead of the US jobs report.

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Bitcoin Rebounds Back Towards $60K, Dogecoin Continues its Upward Surge

Bitcoin prices may continue to recover lost ground in the coming days on the back of US bank adoption, while Dogecoin could drift lower ahead of Tesla CEO Elon Musk’s SNL appearance.

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S&P 500 Index May Lead Nikkei 225 and ASX 200 Higher Amid Reflation Theme

The S&P 500 index edged marginally higher as traders continued to rotate out from growth and into value stocks on reflation hopes. APAC markets are poised for a mixed start as Chinese and Japanese ...

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