Thursday, 25 March 2021

USD/CAD Rate Rebound Fizzles Ahead of 50-Day SMA on Less Dovish BoC

The recent rebound in USD/CAD appears to be stalling ahead of the 50-Day SMA (1.2652) as the Bank of Canada (BoC) signals a looming shift in monetary policy.

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

The Suez Canal and the Importance for Crude Oil Prices

The Suez Canal is among the top chokepoints for global oil trade, where disruptions can have a large impact on crude oil prices.

from DailyFX - Market News https://ift.tt/3w1sltV
via IFTTT

GOLD Outlook: XAU/USD Sideways Consolidation Gearing Up for Breakout

Third wave concerns and rising yields underpin the sideways consolidation in gold, but direction has got to come at some point

from DailyFX - Market News https://ift.tt/3d3OOOl
via IFTTT

Euro (EUR/USD) Price Outlook - Sellers Remain in Control as Support Breaks

The single currency is slipping lower against the US dollar and looks set to trade with a 1.17 handle in the very near future.

from DailyFX - Market News https://ift.tt/31h7eFY
via IFTTT

British Pound (GBP) Latest: EUR/GBP Outlook More Positive, Further Gains Possible

The EUR/GBP cross rate has been edging higher for almost a week now and, while the advance has been modest, it could persist as an EU/UK vaccine war is averted.

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

Dow Jones, Russell 2000 Probing Key Support as Reopening Trade Unwinds

The unwinding of the reopening trade in the face of a wave of fresh lockdowns and rising cases in Europe has weighed on the Russell 2000 and Dow Jones. However, this may prove short-lived given the...

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

Gold Price Trend Points Lower, Crude Oil Rebound May Fizzle

Gold prices are biased lower as a shallow bounce leaves the 2021 downtrend intact. Crude oil managed a spirited bounce but gains seem corrective before selling resumes.

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

Wednesday, 24 March 2021

Nasdaq Fell While Oil Gained, Nikkei 225 and ASX 200 Held Steady amid Tech Rout

A renewed wave of a selloff in tech pulled Wall Street equity benchmarks lower, while energy and material sectors gained on rising crude oil prices. Asia-Pacific markets look set to face another ch...

from DailyFX - Market News https://ift.tt/3lMqftr
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

NZD/USD Selloff May Continue as Vaccine Rollout Issues, Geopolitical Risks Rise

NZD/USD may continue to push lower as vaccine rollout issues continue to stress market sentiment. US equities fell after strong Treasury auction demand pushed yields lower.

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

Bitcoin Price Outlook: BTC/USD Probes Critical Trend Support

Bitcoin price action has been under pressure over recent trading sessions as BTC/USD gravitates lower due to a stronger US Dollar, but can key trendline support keep the cryptocurrency afloat?

from DailyFX - Market News https://ift.tt/3ciZn0T
via IFTTT

Nasdaq 100 ETF Sees Largest Inflow Ever as Index Wrestles With Losses

The Nasdaq 100-tracking QQQ ETF recorded its largest inflow ever Monday, even as tech stocks floundered around recent levels. Will surging demand mark a change in trend for equity markets?

from DailyFX - Market News https://ift.tt/3d4hZRp
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/3sjppqr
via IFTTT

US Dollar to Four-Month-Highs: EUR/USD, USD/CAD

The US Dollar has set a fresh four-month-high, even with rates softening as the Fed has sought to soothe some nerves over the past few days.

from DailyFX - Market News https://ift.tt/2P7CWTv
via IFTTT

US Dollar to Four-Month-Highs: EUR/USD, USD/CAD

The US Dollar has set a fresh four-month-high, even with rates softening as the Fed has sought to soothe some nerves over the past few days.

from DailyFX - Market News https://ift.tt/3lLvr0o
via IFTTT

EUR/CAD, EUR/NOK, EUR/SEK Price Outlook as Euro-Area Lockdowns Return

EUR/CAD, EUR/NOK, and EUR/SEK continue to trend lower as lockdowns and virus cases return.

from DailyFX - Market News https://ift.tt/2P7f4iO
via IFTTT

Gold Price Tracks Trendline Resistance to Keep Bearish Trend Intact

The price of gold may continue track the downward trend from earlier this year amid the string of failed attempt to test the March high ($1760).

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

US Dollar Stays Strong Following In-Line Markit PMI Report

The US Dollar is eyeing intraday highs as EUR/USD edges lower following the release of preliminary March 2021 PMI data just crossing the wires from IHS Markit.

from DailyFX - Market News https://ift.tt/39e1MIa
via IFTTT

DailyFX Forex Trading Course Walkthrough: Part One

While the FX market shares many similarities with other markets, there is considerable nuance that one will want to learn when getting started in Foreign Exchange.

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

AUD, NZD Weighed Down by Risk-Off Sentiment: AUD/USD, NZD/USD Key Levels To Watch

The sudden rise in new Covid-19 cases in Europe sees concerns about a third wave and further restrictions

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

ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...