Monday, 12 April 2021

Gold Price Outlook: Falling Ahead of 30-Year Treasury Auction, Resistance Reinforced

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.

from DailyFX - Market News https://ift.tt/3g4eKg3
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3db6BEA
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/326T7DF
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3wJOo8S
via IFTTT

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 ...

from DailyFX - Market News https://ift.tt/3uIml84
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3rmRMU2
via IFTTT

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/2OIDYp1
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/328lDES
via IFTTT

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.

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

The CPI and Forex: How CPI Data Affects Currency Prices

Find out how to use the Consumer Price Index to make informed trading decisions.

from DailyFX - Market News https://ift.tt/325Ivoz
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/3wSr3SK
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3tcVZe5
via IFTTT

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.

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

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.

from DailyFX - Market News https://ift.tt/3g5pAlJ
via IFTTT

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...

from DailyFX - Market News https://ift.tt/2Qkv2Gx
via IFTTT

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.

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

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.

from DailyFX - Market News https://ift.tt/3tgyqB2
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/3mGyJTh
via IFTTT

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

from DailyFX - Market News https://ift.tt/3mIYl1J
via IFTTT

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

from DailyFX - Market News https://ift.tt/3238UDs
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...