Tuesday, 13 April 2021

New Zealand Dollar Forecast: NZD/USD Unscathed as RBNZ Holds Course

The New Zealand Dollar gave a muted reaction following the RBNZ's April OCR decision. NZD/USD appears to be aiming higher after a Falling Wedge break.

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

S&P 500 Index Hits Record Highs as Bond Yields Drop, Nikkei 225 Falls as Machine Orders Contract

The S&P 500 rallied alongside the Nasdaq 100 index after the US released higher-than-expected inflation figures. The Dow Jones pulled back a bit though. Asia Pacific equities look set to trade mixed.

from DailyFX - Market News https://ift.tt/3a4krH1
via IFTTT

Singapore Dollar Gains on MAS, GDP Beat. Will USD/SGD Breach Key Support?

The Singapore Dollar rose as the Monetary Authority of Singapore left policy unchanged as GDP data beat estimates. USD/SGD may fall towards early January lows if Treasury yields weaken.

from DailyFX - Market News https://ift.tt/3dZiL2B
via IFTTT

Grab SPAC Set to Take Markets by Storm, After Commanding $40 Billion Valuation

The SPAC craze has once again been reignited, as Softbank-backed Grab Holdings is set to go public on the Nasdaq Exchange after securing a whopping $40 billion valuation.

from DailyFX - Market News https://ift.tt/3seaHA7
via IFTTT

Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead

Earnings season begins this week with the arrival of quarterly reports from the country’s largest banks. Can they shrug off losses from the recent Archegos blowup and rally higher or will risk aver...

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

How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

from DailyFX - Market News https://ift.tt/39fr3T7
via IFTTT

Oil Price Outlook Hinges on US Output as OPEC Upgrades Demand Forecast

Lack of momentum to push back above the 50-Day SMA ($60.69) may generate range bound prices in oil even as OPEC upgrades the outlook for global demand.

from DailyFX - Market News https://ift.tt/3mKjgS5
via IFTTT

Bitcoin (BTC/USD) Forecast: Bitcoin Bulls Force Their Way to Fresh Highs

Bitcoin has achieved another record high in anticipation of the Coinbase IPO.

from DailyFX - Market News https://ift.tt/2Q1clrF
via IFTTT

The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.

from DailyFX - Market News https://ift.tt/3mk0EXh
via IFTTT

AUD/USD April Opening Range Intact Ahead of Australia Employment Data

Fresh data prints coming out of Australia may sway the near-term outlook for AUD/USD as employment is expected to increase for the sixth consecutive month.

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

US Dollar Drops, Gold Pops, S&P 500 Whipsaws on US CPI Rise

US CPI prints ahead of estimates, however, Fed remains adamant they will look through transitory rise.

from DailyFX - Market News https://ift.tt/327JDYI
via IFTTT

EUR Q2 2021 Fundamental Forecast

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.

from DailyFX - Market News https://ift.tt/32gZhAV
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3a6rsaq
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3dbs93S
via IFTTT

Gold Q2 2021 Technical Forecast

Gold has been declining since August 2020, and has yet to show any real signs of life.

from DailyFX - Market News https://ift.tt/32dTQCM
via IFTTT

Currency Volatility: Are Markets Underpricing CPI Volatility Risk?

What does today’s CPI release mean for markets and is the volatility risk underpriced?

from DailyFX - Market News https://ift.tt/3uLCeL4
via IFTTT

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.

from DailyFX - Market News https://ift.tt/32bkIUg
via IFTTT

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.

from DailyFX - Market News https://ift.tt/32cu0z8
via IFTTT

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.

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

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.

from DailyFX - Market News https://ift.tt/3te5M3F
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...