Gold prices are weakening ahead of a key 30-year Treasury auction and US CPI data. XAU/USD is struggling to move past resistance as the 50-day SMA guides it lower.
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Monday, 12 April 2021
Australian Dollar Outlook: US CPI Eyed as Chinese Trade Data Showed Import Surge
The Australian Dollar may be at risk despite Chinese trade figures that continued to hint at a global economic recovery. AUD/USD is eyeing US CPI amid a Head and Shoulders chart pattern.
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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).
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Bitcoin Price Forecast: Coinbase IPO May Fuel BTC's Push to Record Highs
Coinbase’s impending initial public offering could provide the necessary fuel for Bitcoin to push to fresh record highs in the coming days.
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S&P 500 Pauses Record Rally, Hang Seng and ASX 200 Drift Higher
Stocks on Wall Street retreated from record highs while Treasury yields climbed following smooth bond auctions. The Hang Seng and ASX 200 indexes are poised to gain slightly ahead of Chinese trade ...
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Introduction to Pitchfork Analysis & Median Line Trading
Find out how parallels of these trend lines can be utilized to give structure to a market advance or decline.
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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.
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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.
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Gold Bearish Price Series Emerges amid Failure to Test March High
Lack of momentum to test the March high ($1760) instills a bearish outlook as the price of gold carves a fresh series of lower highs and lows.
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The CPI and Forex: How CPI Data Affects Currency Prices
Find out how to use the Consumer Price Index to make informed trading decisions.
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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.
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British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP
The British Pound had a big start to the year. But so far Q2 is shaping up to be quite a bit different.
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US Dollar Bear Exit Persists, GBP & AUD Longs Slashed - COT Report
US Dollar net shorts are cut once again, AUD sees sizeable bull exit, GBP pullback exacerbated by long liquidation.
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USD/CAD Rate to Eye March Low on Break of April Opening Range
USD/CAD may continue to give back the rebound from the March low (1.2365) if the exchange rate fails to retail the opening range for April.
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Markets Week Ahead: Dow Jones, S&P 500, Bonds, Gold, NZD, RBNZ, Bank Earnings
The Dow Jones and S&P 500 pushed further into all-time highs amid falling Treasury yields and a weaker US Dollar. Gold seems to be finding some momentum. Ahead, earnings season is underway for majo...
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Gold Price Outlook - Will Resistance Continue to Block Further Upside?
Gold is unable to push higher as a cluster of resistance levels continue to hold firm. US data this week may prompt a bout of selling if inflation rears its head.
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South African Rand Technical Set-ups: USD/ZAR, EUR/ZAR, GBP/ZAR
Rand technical forecasts may suggest slowing bearish momentum across USD,EUR and GBP crosses.
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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 ...
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DAX 30 Forecast: Testing Support as Correction Looms
The DAX 30 stumbles ahead of the start of the US earnings season, ascending trendline holding so far
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Ethereum (ETH/USD) Hits a New Record High, Ripple (XRP/USD) Soars, Coinbase to List on Nasdaq
Ethereum (ETH/USD) printed another all-time high over the weekend, while Ripple (XRP/USD) accelerated sharply higher
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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 ...