Euro Price Outlook: Delayed Ratification of Recovery Fund to Weigh on EUR

The delayed ratification of the EU recovery fund, and increased pace of bond-buying by the European Central Bank, may lead to further losses for the Euro against its major counterparts in the near ...

from DailyFX - Market News https://ift.tt/3u6OpSd
via IFTTT

Gold Price Eyes $1,700 as Yields Climb, ETF Outflows Continue

Gold prices declined 1.3% so far this week, weighed by a rising US Dollar, ascending Treasury yields and continuous ETF outflows. Traders are eyeing a near-term support level at US$ 1,700.

from DailyFX - Market News https://ift.tt/2PH0rCM
via IFTTT

US Dollar May Still Have Edge as Emerging Markets Underperform Ahead of NFPs

The US Dollar gained against most ASEAN currencies amid volatility in Chinese and Emerging Market equities. Ahead, USD/SGD and USD/THB are eyeing NFPs as the Fed ends SLR exemptions.

from DailyFX - Market News https://ift.tt/31wYoE4
via IFTTT

Dow to Outperform vs. Nasdaq if Inflation Fears Force Fed Rethink

The Dow Jones Industrial Average of blue-chip stocks is likely to outperform the tech-heavy Nasdaq 100 if worries about inflation force the Fed to trim stimulus sooner than expected.

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

Bitcoin (BTC), Ethereum (ETH) Forecast: Visa Adoption to Buoy Cryptos

Visa’s announcement that it will utilize a stable coin backed by USD to settle transactions on the Ethereum network may open the door to further gains for the broader cryptocurrency market.

from DailyFX - Market News https://ift.tt/31vl7jT
via IFTTT

Dow Jones Extends Higher on Infrastructure Hopes. Nikkei 225, ASX 200 May Rise

The Dow Jones hit a fresh record on hopes for a massive US infrastructure stimulus plan. Asia Pacific equities look set to trade higher. The US Dollar climbed while Treasuries fell.

from DailyFX - Market News https://ift.tt/3dikH5V
via IFTTT

Crude Oil Price Outlook: WTI May Rise as Saudi Arabia Shows Support to Extend OPEC+ Cuts

Crude Oil prices picked up early Wednesday after reports revealed that Saudi Arabia is willing to extend its voluntary cuts in a bid to encourage other members to extend overall production curbs.

from DailyFX - Market News https://ift.tt/2PATRxM
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/3wdk5Hl
via IFTTT

NZD/USD Rate Rebound Emerges Within Head-and-Shoulders Formation

The head-and-shoulders formation keeps the downside targets on the radar for NZD/USD as the RSI continues to track the downward trend carried over from the previous month.

from DailyFX - Market News https://ift.tt/3wbFNM4
via IFTTT

FX Week Ahead - Top 5 Events: Biden Stimulus Speech; China Manufacturing PMI; UK GDP; US Manufacturing PMI; US NFP

The economic calendar has a distinct US-focus as the calendar turns from March to April, and from 1Q’21 to 2Q’21.

from DailyFX - Market News https://ift.tt/3m3Q20f
via IFTTT

EUR/USD Remains Vulnerable as ECB Continues to Widen Pace of PEPP

The update to the Euro Area’s CPI may do little to influence EUR/USD as the ECB continues to ramp up the pace of the pandemic emergency purchase programme (PEPP).

from DailyFX - Market News https://ift.tt/3ua0vu1
via IFTTT

US Dollar Bulls vs CHF in Control as Golden Cross Nears

USD/CHF bulls remain in control, while golden cross signals upside could persist.

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

Rand Dollar (USD/ZAR) Tests Key Levels as Risk Sentiment Waivers

USD/ZAR breaks above 15.00 but bears refuse to surrender

from DailyFX - Market News https://ift.tt/3cy01Yx
via IFTTT

Markets Week Ahead: Nasdaq 100, US Dollar, Gold, Crude Oil, Fed Ends SLR Exemption, NFPs

Wall Street pulled off a recovery into the weekend as equities in parts of the Asia Pacific region wobbled. The US Dollar appears to be regaining upside momentum, leaving gold and crude oil at risk...

from DailyFX - Market News https://ift.tt/3wabt4b
via IFTTT

Archegos Capital Management Latest - Lenders Warn of Significant Losses

US hedge fund Archegos Capital Management is said to have been forced to liquidate several large blocks of stock last week to meet mounting margin calls

from DailyFX - Market News https://ift.tt/3dhRvw0
via IFTTT

USD Shorts Squeezed, Heavy Selling in JPY & NZD, GBP Longs Slashed - COT Report

Japanese Yen Net Short at Pre-Pandemic Levels. USD Shorts Squeezed, While NZD Sees Heavy Selling

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

British Pound (GBP) Latest: GBP/USD Pushing Ahead on Vaccine Cheer

The British Pound is treading water against the US dollar as the bank-holiday shortened week opens with the market still underpinned by the ongoing success of the UK vaccination program

from DailyFX - Market News https://ift.tt/3sB4bV5
via IFTTT

Dow Jones, Nasdaq 100 Hampered by Tax-Hike Talks, Archegos Block Sales

The forced liquidation of billions of dollars’ worth of US shares, and talk of tax hikes from the Biden administration may gnaw at market sentiment and weigh on US benchmark indices in the week ahead.

from DailyFX - Market News https://ift.tt/3rAM2W6
via IFTTT

Crude Oil, Gold Prices Down as Block Trade Drama Boosts US Dollar

Crude oil and gold prices are under pressure as big-splash liquidation at US fund Archegos Capital Managementspooks the markets and boosts the US Dollar.

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

How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.

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