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.
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Thursday, 25 March 2021
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.
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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
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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.
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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.
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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...
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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.
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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...
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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.
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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.
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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?
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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?
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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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
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Posts (Atom)
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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...