Friday, 9 April 2021

Bitcoin (BTC/USD) Continues to Pummel $60k - Will More Buyers Pile In?

Bitcoin has stalled in recent weeks after an impressive surge since December 2020, will it continue higher?

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Australian Dollar Forecast: Key AUD/USD Levels to Watch Amid Breakdown Warning

A warning of a top to increase should key support break. AUD/USD remains soft despite USD struggle.

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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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Canadian Dollar Forecast: USD/CAD Probing Resistance With Jobs Data on Tap

The Canadian Dollar is at risk of losing further ground against its US counterpart if upcoming employment data disappoints market participants.

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Thursday, 8 April 2021

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.

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Gold and Crude Oil Prices May Fall into the Weekend, Eyes on US PPI after Chinese Beat

Gold and crude oil prices may fall into the weekend if a higher-than-expected US PPI report follows similaroutcomes from China. Markets saw cautious risk aversion during Asia trade.

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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...

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Australian Dollar Declines as RBA Review Reveals Growing Risks to the Economy

The Reserve Bank of Australia highlighted key corners of the Australian economy as positions of strength and weakness as fear grows over a potential housing bubble.

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Nasdaq 100 Aims For All-Time Highs, Will Hang Seng and ASX 200 Follow?

The Nasdaq 100 rallied 1.04% as Fed Chair Jerome Powell calmed inflation fears, sending 10-year rates to a two-week low. Asia-Pacific markets look set to trade mildly higher.

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Forex Vs. Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.

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Short USD/JPY, Long USD/CNH: Q2 Top Trading Opportunities

If risk aversion sidles in, it would likely see USD/JPY decline. After a pandemic-based hiatus, the US and China seem to be picking back up their multi-faceted dispute which steers back to economic...

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EUR/USD Eyes 50-Day SMA as ECB Slows Pace of PEPP for Second Week

EUR/USD appears to be on track to test the 50-Day SMA (1.1973) as the ECB scales back the pace of the PEPP for the second consecutive week.

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Bitcoin (BTC/USD) Bull Flag, Ethereum (ETH/USD) Bumps Back Above 2k

Bitcoin continues to coil, taking on the form of a bull flag; but Ethereum (ETH/USD) may actually have a stronger bull case near-term.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

Fed officials have been carefully towing the line as to not spook markets that tapering is coming anytime soon.

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Gold Q2 2021 Fundamental Forecast

The Biden administration’s first stimulus package brought forth a jump in both nominal US Treasury yields and inflation expectations, the net-result of which was rising real US yields.

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FinTwit, Women and Trading: An Interview with @DeadCaitBounce

Finance and trading are two areas where men considerably outnumber women. Progress is being made and DailyFX is highlighting that progress with a new series on women leaders changing finance.

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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.

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USD/CAD Rebound Capped by 50-Day SMA Ahead of Canada Employment Report

Canada’s Employment report may keep USD/CAD below the 50-Day SMA (1.2622) as job growth is expected to increase for the second consecutive month.

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USD/NOK Remains in Bear Flag; USD/CHF, USD/SEK Break Recent Uptrends

The US Dollar is losing momentum against a basket of European currencies.

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FTSE 100 Rises on GBP/USD, GBP/EUR Correction: Crucial Resistance Ahead

FTSE 100 a key beneficiary from GBP selling, however, key resistance lies ahead.

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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...