Long DJIA on Reflation and Infrastructure: Q2 Top Trading Opportunities

A sustained reflation trade could place the Dow in a league of its own. If risk aversion takes root, valuation metrics in the Dow Jones are far more reasonable than elsewhere.

from DailyFX - Market News https://ift.tt/3cKM9KD
via IFTTT

GBP Q2 2021 Fundamental Forecast

The British Pound rallied towards GBP/USD 1.4200, slightly higher than our expectations, before dropping back to 1.3700.

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

USD/CHF Amid Yield Differentials: Q2 Top Trading Opportunities

The Franc’s struggle is likely due to rising bond yields in the United States relative to Switzerland, and may continue throughout the second quarter as the White House sets course to deliver infra...

from DailyFX - Market News https://ift.tt/3duVa9H
via IFTTT

EUR Q2 2021 Technical Forecast

The Euro has sold off in dramatic fashion against the US Dollar, with EUR/USD aiming to complete its third consecutive monthly loss.

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

Short AUD/USD, AUD/JPY: Q2 Top Trading Opportunities

With a head-and-shoulders formation and the establishment of a downward trend in RSI, traders should be mindful.

from DailyFX - Market News https://ift.tt/2Pwxbz1
via IFTTT

USD Recovery and Resistance Hurdles: Q2 Top Trading Opportunities

Look for topside exhaustion early in the quarter to give way to larger pullback - losses should be limited by 91 IF price is indeed heading higher.

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

Equities Q2 2021 Technical Forecast

The S&P 500 index is riding an ascending trend higher and may attempt to challenge a psychological resistance level at 4,000 (the 100% Fibonacci extension of the past year’s first phase rally).

from DailyFX - Market News https://ift.tt/3mhTsg7
via IFTTT

USD/JPY Breakout Potential: Q2 Top Trading Opportunities

USD/JPY is on my radar as a breakout candidate after several years of narrowing price action. The price action in Q1 was some of the best we’ve seen in some time, but still leaves USD/JPY in the co...

from DailyFX - Market News https://ift.tt/3cK9sEo
via IFTTT

Oil Q2 2021 Fundamental Forecast

The strong bid beneath crude oil broadly tracked market optimism surrounding covid vaccine developments, massive fiscal stimulus packages, and improved outlook for global GDP growth.

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

Short EUR/NOK: Q2 Top Trading Opportunities

A stronger Krone will weigh down on inflation and if price pressures continue to run hot, a rate hike may be put in place sooner rather than later. On the other side, the Euro is struggling and is ...

from DailyFX - Market News https://ift.tt/2PWD0FC
via IFTTT

Short AUD/CAD: Q2 Top Trading Opportunities

Heading into Q2, I am bearish on AUD/CAD on US economic outperformance, BoC tapering and favourable positioning.

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

JPY Q2 2021 Technical Forecast

The technical outlook for the haven-associated Japanese Yen remains overtly bearish, after the funding currency toppled over 5.5% on average against its major counterparts in the first quarter of 2...

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

USD/CNH as Reflation Hopes Build: Q2 Top Trading Opportunities

While USD/CNH has rebounded from a two-and-half year low, the Federal Reserve’s dovish-tilted policy guidance and the PBOC’s neutral stance suggest that the currency pair may lack significant upsid...

from DailyFX - Market News https://ift.tt/3dv7BSX
via IFTTT

AUD Q2 2021 Fundamental Forecast

The Australian Dollar appreciated against its US counterpart during the first quarter of 2021 with AUD/USD briefly trading above the 0.8000 handle in February.

from DailyFX - Market News https://ift.tt/3uj801w
via IFTTT

Copper Bullish Continuation: Q2 Top Trading Opportunities

Copper has been supported by unprecedented monetary policy, ultra-low interest rates and more importantly, low or negative real yields. It now looks to benefit from a strong recovery in output.

from DailyFX - Market News https://ift.tt/3uiZn78
via IFTTT

Gold Q2 2021 Technical Forecast

Gold has been declining since August 2020, and has yet to show any real signs of life.

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

EUR/CAD Weakness: Q2 Top Trading Opportunities

EUR/CAD has fallen a whopping 700-pips so far this year, succumbing to a massive wave of selling pressure on the back of Euro weakness and Canadian Dollar outperformance.

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

USD Q2 2021 Fundamental Forecast

Through the opening quarter of 2021, there were significant changes in focus from an incredible charge in retail appetite to anticipation for reopening economies after mass vaccinations to burgeoni...

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

EUR/JPY Reversal Potential: Q2 Top Trading Opportunities

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...

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

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.

from DailyFX - Market News https://ift.tt/3dz7yFY
via IFTTT