Tuesday, 6 April 2021

US Stocks Hold Gains as Yellen's Global Minimum Tax Gains Support from EU, IMF

A coordinated global effort may be under way to end the ‘race to the bottom’ in corporate tax rates, which conveniently dovetails with talks of corporate tax hikes in the US.

from DailyFX - Market News https://ift.tt/3rQN7ZX
via IFTTT

How to Trade Forex News: An Introduction  

Find out the essentials of trading the news with this introductory guide to forex news trading

from DailyFX - Market News https://ift.tt/2ZL5jIR
via IFTTT

USD/JPY Forecast: Dollar Yen Rate Reacts to Critical Resistance

USD/JPY retraces from critical resistance, could this be a correction or is a reversal at play?

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

Bitcoin (BTC/USD) Pulls Back, Remains Bullish with Breakout Potential

Bitcoin bulls bid the crypto-currency right back up to that 60k handle. That remains as resistance, at least for now.

from DailyFX - Market News https://ift.tt/39N4zIV
via IFTTT

EUR/USD Recovery Emerges with RSI on Track to Threaten Downward Trend

Looming developments in the RSI may indicate a further appreciation in EUR/USD if the oscillator breaks out of the downward trend from earlier this year.

from DailyFX - Market News https://ift.tt/2R2y9mW
via IFTTT

EUR/USD to Stay Subdued as IMF Highlights US Outperformance

EUR/USD price action might continue to face headwinds with US GDP growth expected to notably outpace the Euro-area as this stands to keep downward pressure on Bund to Treasury yield differentials.

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

Gold Prices Attempting to Bottom: Key Resistance Break Needed for Bullish Outlook

Gold price action encouraging as the precious metal attempts to put in a double bottom.

from DailyFX - Market News https://ift.tt/3wpU5bU
via IFTTT

Short EUR/MXN: Q2 Top Trading Opportunities

I’m short EUR/MXN in the second quarter, given the Euro’s resilience against EM currencies in the last 6 months, despite risk-on appetite bringing them back from March 2020 lows.

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

USD Bulls, Euro Sentiment Soft, GBP Vulnerable, AUD Longs Stretched - COT Report

US Dollar net shorts fall to a 1 year low. Euro sentiment remains soft, while GBP is vulnerable to pullbacks.

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

USD/ZAR Outlook: Relaxed U.S. Treasury Yields Augments Rand Strength

The Rand opened up strong this week on the back of strong economic data and a weakening U.S. Dollar, while key technical levels come into focus.

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

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

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...