Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

from DailyFX - Market News https://ift.tt/2VP0mNf
via IFTTT

South African Rand Price Forecast: USD/ZAR, GBP/ZAR,EUR/ZAR Price Setups

The volatile Rand continues to outperform other currencies ahead of US NFP release

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

How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.

from DailyFX - Market News https://ift.tt/3qAG5Jo
via IFTTT

March ISM Manufacturing PMI Hits Highest Level Since 1983, USD Rotates Higher

The ISM Manufacturing PMI for March rose to its highest level since 1983, showing strong activity from the manufacturing sector as the economic recovery continues.

from DailyFX - Market News https://ift.tt/3rM0Lxn
via IFTTT

Crude Oil Outlook: OPEC+ Expected to Continue Constrained Output

Crude Oil prices are retracing after a strong start to the day with the OPEC+ meeting in focus.

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

USD/CAD Price: Waiting on OPEC+ for Further Guidance

USD/CAD is stuck in the middle of a four-month range and will look to the latest OPEC+ meeting for guidance.

from DailyFX - Market News https://ift.tt/3fz0FH8
via IFTTT

Australian Dollar Forecast: Key AUD/USD, AUD/NZD Levels to Watch

Modest bounce from 2021 low for AUD/USD, while month/quarter end flows look set to drive G10 FX.

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

IBEX 35, CAC 40 Forecast: Treading on Water as Europe Struggles to Contain the Virus

European equities struggle to consolidate momentum as opposing forces cause lack of direction

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

British Pound (GBP) Latest: GBP/USD Steady Ahead of Long Weekend

Exchange rates are little changed in early European business Thursday, with GBP/USD stable ahead of the long Easter break.

from DailyFX - Market News https://ift.tt/3uc3QZw
via IFTTT

DAX 30 Index Could Pullback on Recovery Fund Delay, AstraZeneca Shot Ban

The German DAX 30 index may lose ground in the near term on the back of the delayed ratification of the EU Recovery Fund and Chancellor Merkel’s ban on AstraZeneca’s Covid-19 vaccine.

from DailyFX - Market News https://ift.tt/3cDS9ok
via IFTTT

Gold Prices Rebound on Weaker USD, Crude Oil Holds Breath for OPEC+ Meeting

Gold prices returned to above $1,700 from a key support level as the DXY US Dollar index retreated form a four-month high. Oil traders are anticipating OPEC+ to extend production cuts at a meeting ...

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

Natural Gas Outlook: Colder Weather, Technical Support to Guide Prices Higher?

Natural gas moved lower in March following an upbeat February performance. Now, between two key moving averages, a colder weather outlook in the US may help guide prices higher.

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

Nasdaq Rallies on Biden's Infrastructure Proposal, Hang Seng and ASX 200 May Climb

The Nasdaq 100 rallied while Dow Jones retreated after President Joe Biden announced his infrastructure spending and corporate tax hike proposal. Asia-Pacific markets look set to trade mildly higher.

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

NFP and Forex: What is NFP and How to Trade It?

Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.

from DailyFX - Market News https://ift.tt/33zwgSi
via IFTTT

AUD/USD Pressured as Treasury Selloff Forecasts Stronger USD, Trade Data Eyed

AUD/USD is clinging to a vital support level after a rise in US Treasury yields bolstered the case for a stronger USD. Traders are eyeing Australian trade balance, due out today.

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

US Dollar Softens as Biden Proposes $2-Trillion Spending Package

The US Dollar is turning slightly lower as traders digest headlines from President Joe Biden on his $2-trillion infrastructure spending package crossing market wires now.

from DailyFX - Market News https://ift.tt/3m7d9al
via IFTTT

Fibonacci Confluence on FX Pairs

Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight

from DailyFX - Market News https://ift.tt/3e44of9
via IFTTT

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?

from DailyFX - Market News https://ift.tt/2POQ8fZ
via IFTTT

Euro Forecast: EUR/USD Outlook Clouded by RSI Divergence

The Relative Strength Index (RSI) appears to be diverging with price as the weakness in EUR/USD fails to push the indicator into oversold territory.

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

Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important.

from DailyFX - Market News https://ift.tt/3uvWu3Z
via IFTTT