Tuesday, 6 April 2021

DAX 30 Forecast: Soaring to New Highs, Eyeing 15,500

The DAX 30 soars to new highs bolstered by strong US data, vaccine concerns could sour sentiment

from DailyFX - Market News https://ift.tt/3sW5IoL
via IFTTT

Bitcoin (BTC/USD) Bumping Into $60,000 Resistance, Ethereum (ETH/USD) Hitting New All-Time Highs

Ethereum printed a fresh all-time high over the weekend, while Bitcoin continued to nudge the $60k level. Both are set fair to make further gains

from DailyFX - Market News https://ift.tt/39OaH3z
via IFTTT

British Pound (GBP) Latest: EUR/GBP Stabilizing After Recent Losses

EUR/GBP has tumbled in recent days as the UK vaccine program outpaces the EU’s but it could be time now for at least a minor retracement higher.

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

US Dollar Forecast: Jobs Figures, Vaccine Divergence to Drive USD Higher

The divergent handling of the coronavirus pandemic, and the wait-and-see stance of the Federal Reserve, may open the door for the US Dollar to continue driving higher against the Euro.

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

Monday, 5 April 2021

Crude Oil Prices Outlook: Iranian Nuclear Talks and Viral Resurgence in Focus

Crude oil prices gained modestly on Tuesday morning after falling over 4% a day ago. Nuclear talks between Iran and the US in Vienna will be closely watched for clues about future Iranian oil suppl...

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

Australian Dollar Forecast: AUD/USD Gyrates Post-RBA. Where to Next?

The Australian Dollar failed to find direction following the RBA's April policy decision. Meanwhile, Australia and New Zealand are set to open a travel bubble later this month.

from DailyFX - Market News https://ift.tt/3mv7tak
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/3wsHJjf
via IFTTT

S&P 500 Index Hits Record Highs, May Lift Nikkei 225 and ASX 200

The S&P 500 and Dow Jones indexes hit fresh records as traders digested a strong March nonfarm payrolls print alongside hopes for a massive US infrastructure plan. Asia Pacific equities look set to...

from DailyFX - Market News https://ift.tt/31R5MKB
via IFTTT

EUR/GBP Aims Lower: Q2 Top Trading Opportunities

In early February, the Euro breached support which had confined its losses against the British Pound back to mid-May 2020, opening the door for a deep selloff that brought the EUR/GBP exchange rate...

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

New Zealand Dollar Forecast: NZD/USD May Move Higher as Economic Optimism Grows

NZD/USD is recapturing some of its losses from March as traders grow more optimistic about the economic recovery following solid US data prints.

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

How to Short Sell a Stock When Trading Falling Markets

Short selling is a great way to trade on a falling market. Learn how to short stocks

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

US Dollar Outlook: FX Volatility to Rise as Liquidity Returns

The US Dollar extended its pullback on Monday and pressured the broader DXY Index toward technical support provided by its 200-day moving average. Volatility looks likely to accelerate as liquidity...

from DailyFX - Market News https://ift.tt/31OrL50
via IFTTT

Euro Forecast: EUR/AUD, EUR/CAD, EUR/NZD Rates Outlook

From a longer-term perspective, the Euro appears weak versus the commodity currencies.

from DailyFX - Market News https://ift.tt/3umto6c
via IFTTT

Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

from DailyFX - Market News https://ift.tt/3uVMS2I
via IFTTT

Stock Market Forecast for the Week Ahead

The S&P 500 and Dow Jones have pushed into record territory after a string of upbeat economic data sparked a wave of risk appetite and bullish price action. Seasonality may help drive further gains.

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

AUD/USD Trades Within Head-and-Shoulders Formation Ahead of RBA

The Reserve Bank of Australia (RBA) interest rate decision may undermine the head-and-shoulders formation in AUD/USD if the central bank alters the forward guidance.

from DailyFX - Market News https://ift.tt/3mmTNy7
via IFTTT

FX Week Ahead - Top 5 Events: RBA Rate Decision; FOMC Minutes; Mexico Inflation; China Inflation; Canada Jobs

The economic calendar has turned to a new month and quarter, but the holiday weekend has thinned out what would otherwise be a supersaturated economic calendar.

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

USDJPY Outlook A Correction or Reversal of the Prevailing Bull Trend?

Amid a rising tide that has seen many risk-leaning assets climb to new highs, USDJPY topped a 12 month high last week that cleared out key tech levels. So, is the pullback to start this week a corr...

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

Gold Price Forecast: Gold Trendline Bounce, Possible Double Bottom

Gold prices have given up as much as 14.4% in early 2021 trade, continuing the theme of Gold weakness from the August high. Is that course set to change?

from DailyFX - Market News https://ift.tt/3umTd67
via IFTTT

Strong Beat in March ISM Services PMI Sends Index To Record High

The ISM Services Report for March hit a new pandemic high at 63.7 versus a forecast of 59.0, marking a strong month for the services sector.

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

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...