Tuesday, 30 March 2021

Crude Oil Prices Outlook: OPEC+ Output Cut Extension in Focus

The OPEC+ coalition will meet on April 1st to determine May production policy. Crude oil prices are weighed by a stronger US Dollar and a larger-than-expected build in inventories.

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Bitcoin in Focus as CFTC Issues $572 Million Fine for Crypto Ponzi Scheme

Bitcoin is in focus after Benjamin Reynolds, the ringleader of a recent Bitcoin Ponzi scheme, was hit with a $572 Million fine.

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Chinese Yuan Forecast: USD/CNH May Fall After Strong PMI Figures

USD/CNH may fall after Chinese PMI figures show economic activity remains strong in China, but safe-have USD bids may outweigh the upbeat data.

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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.

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Australian Dollar Forecast: AUD/USD Eyes Biden Speech, Economic Data

AUD/USD is trading against the neckline of a Head and Shoulders pattern and is likely set to see movement on today's PMI release from China.

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S&P 500 Forecast: Index Creeps Toward 4000 Mark, Can it Break Higher?

The S&P 500 trades within striking distance of the psychologically-significant 4,000 mark but can it break the key barrier as weakness in market leaders like Apple and Amazon continues to weigh?

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US Dollar Outlook: DXY Index Forges Ahead to Fresh 4-Month High

The US Dollar is extending its advance as broad-based strength across USD price action propels the DXY Index to new four-month highs. Will the US Dollar continue to gain ground in the days ahead?

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USD/CAD to Track Monthly Range Amid Failure to Hold Above 50-Day SMA

Lack of momentum to push back above the 50-Day SMA (1.2644) may keep USD/CAD within the March range like the price action from earlier this month.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

The drumbeat continues: rising US Treasury yields are a sign of the market’s confidence in the recovery, not a sign that inflation will run higher and hotter than anticipated.

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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.

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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.

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Nasdaq Price Outlook: Stocks Unfazed by Robust Consumer Confidence

The Nasdaq was off by about -1% and hovering near session lows with Treasury yields back on the rise, but can a big beat on consumer confidence data help stem the bleed?

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AUD/USD Technical Outlook Mired by Head-and-Shoulders Formation

Failure to defend the February low (0.7564) casts a bearish outlook for AUD/USD as a head-and-shoulders formation takes shape.

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Japanese Yen Outlook: Fresh Highs for USD/JPY as U.S. Dollar Advances

USD/JPY continues to push higher as U.S. Treasury yields prompt a stronger dollar, while technical set-ups could point to upcoming bearish reversals.

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Market Sentiment Positive, USD Strengthens But Stocks Climb Too | Webinar

Trader confidence is holding up well in the markets, with stocks still pushing ahead, but US Treasury yields and the US Dollar also continue to climb, and gold is suffering.

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Canadian Dollar Outlook: USD/CAD Key Levels to Watch for OPEC

Oil prices to underpin Canadian Dollar as OPEC look to rollover production quotas.

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Euro Forecast: EUR/CHF, EUR/NOK. EUR/SEK Rates Outlook

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

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DAX 30 Sets Record High as Positive Momentum Consolidates

The DAX 30 continues to push higher as positive momentum spills over from the US

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Gold Price (XAU/USD) Slumps as US Treasury Yields Hit a Fresh 14-Month High

Gold is coming under heavy selling pressure and support levels look weak as US Treasury yields continue to press higher.

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British Pound (GBP) Latest: EUR/GBP Weakness Likely to Persist

The UK is easing coronavirus lockdown rules while concerns continue about rising Covid-19 cases in Europe, potentially weakening EUR/GBP still further.

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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...