A carry trade matters little if the principle portion of the trade is losing faster than the swap might accrue. In a pair like EUR/JPY, that motivation for carry is similarly low; and any questions...
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Friday, 2 April 2021
GBP Q2 2021 Technical Forecast
As Q1 comes to a close, much of the early quarter gains in GBP/USD have been largely retraced after peaking at 1.4235.
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S&P 500 Futures Climb, EUR/USD Whipsaws as NFPs Surge 916K
S&P 500 futures are popping higher and US Dollar strength looks likely to persist on the heels of the latest nonfarm payrolls report, which just crushed market forecast with 916,000 job gains.
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Small Caps, Copper, EM FX: Q2 Top Trading Opportunities
Coming into 1Q’21, my expectation was that “if growth is the story of 2021, the underperformers of early-2020 should do well.” It is worth acknowledging outperformances and underperformances thus far.
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EUR Q2 2021 Fundamental Forecast
The key question for EUR/USD traders looking at the second quarter of 2021 is whether the steep decline in the pair in the first quarter will reverse in Q2, and the answer is quite possibly yes.
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Gold Prices May Turn Lower as US Payrolls Data Stokes Reflation Bets
Gold prices have managed a spirited two-day recovery but firm US nonfarm payrolls data may stoke Fed tightening speculation and snuff out upward momentum.
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Thursday, 1 April 2021
S&P 500 Forecast: Fresh All-Time High May Set Narrative for Q2 Trading
The S&P 500 broke above resistance to kick the second quarter off before the extended Easter weekend. Will the bullish move set the narrative for the remainder of the second quarter?
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How to Trade After a News Release
Looking to trade post release? Read on for more on approaching volatile conditions after news events.
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Crude Oil Prices Mired by Trend Resistance, OPEC+ Output Boost
Crude oil price action was surprisingly resilient during Thursday's session with the commodity climbing 3% higher to trade above $61.00/bbl despite OPEC+ announcing plans to boost production.
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Gold Price Clears Trendline Resistance After Defending March Low
The price of gold appears to be breaking out of the downward trend from earlier this year after defending the March low ($1677).
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Moving Average (MA) Explained for Traders
The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.
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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
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How to Read a Candlestick Chart
Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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...
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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 -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...