The key question for EUR/USD traders looking at the second quarter of 2021 is whether the steep decline in the pair in the first quarter will reverse in Q2, and the answer is quite possibly yes.
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Tuesday, 13 April 2021
Market Sentiment Data Bearish for GBP/JPY | Webinar
Traders are currently unsure whether to buy or sell the markets as most trade within narrow ranges, but IG client sentiment data are pointing to a fall in Sterling against the Yen.
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Bitcoin (BTC/USD) Price Soars to a New All-Time High, Ripple (XRP/USD) Surge Continues
Bitcoin continues to print new record highs and the move doesn’t look over yet.
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Gold Q2 2021 Technical Forecast
Gold has been declining since August 2020, and has yet to show any real signs of life.
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Currency Volatility: Are Markets Underpricing CPI Volatility Risk?
What does today’s CPI release mean for markets and is the volatility risk underpriced?
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European Equities Technical Outlook: FTSE 100, IBEX 35, CAC 40
As banks kick off the earnings season in the US, we take a look at key levels for European indices.
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British Pound (GBP) Outlook: GBP/USD Strength Likely to Resume
GBP/USD is well placed to advance further once today’s US inflation data are out of the way; the UK is reopening for business and the latest UK GDP data beat expectations.
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US Dollar Price Forecast: Sharp Inflation Spike to Drive Yields, USD Higher
The US Dollar may extend gains in the near term as base effects result in a marked rise in inflation, and long-term Treasury auctions push yields higher.
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Crude Oil Prices May Break Range on OPEC Update, US CPI Data
Crude oil prices may finally break out of the range confining them for nearly a month as OPEC updates supply and demand projections while US inflation data shapes Fed policy bets.
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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.
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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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Posts (Atom)
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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....