Wednesday, 14 April 2021

Gold Technical Analysis: XAU/USD Teases Breakout as BTC, Coinbase Grab Headlines

Gold prices are getting close to the neckline of a double bottom pattern - but are bulls finally ready to re-take control?

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What is Earnings Season & What to Look for in Earnings Reports?

Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.

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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Ongoing stability in global bond yields has helped provoked a drop in early rate hike expectations among the BOC, RBA, and RBNZ.

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Australian Dollar Forecast: Can Bitcoin Prices Provide a Leading Signal for Currencies?

Risks tilted to the upside for Australian jobs, while AUD/JPY tracks record high Bitcoin prices.

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Copper Bullish Continuation: Q2 Top Trading Opportunities

Copper has been supported by unprecedented monetary policy, ultra-low interest rates and more importantly, low or negative real yields. It now looks to benefit from a strong recovery in output.

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USD/JPY Snaps April Opening Range as Bearish Price Series Takes Shape

USD/JPY searches for support as the exchange rate fails to retain the opening range for April and extends the series of lower highs and lows from earlier this week.

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S&P 500 Continues to Trade Around Highs as Big Banks Beat on Earnings

The S&P 500 continues to trade above the 4,100 level as strong bank earnings and reductions in loan-loss reserves provide further evidence of the improving economic outlook.

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Euro Forecast: EUR/USD Bulls Eyes Key Resistance as US Dollar Loses Steam

EUR/USD bulls in control as USD loses its shine, edging towards key resistance.

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Short AUD/CAD: Q2 Top Trading Opportunities

Heading into Q2, I am bearish on AUD/CAD on US economic outperformance, BoC tapering and favourable positioning.

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Dogecoin Explodes and Leads the CryptoMania Ahead of Coinbase DPO, Bitcoin Cash Surges

Dogecoin surges over 80% as the crypto markets booms in anticipation of the Coinbase DPO

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Oil Q2 2021 Technical Forecast

After an impressive start to 2021, the oil forecast for the second quarter of the year is lacking an overly optimistic tone given a weaker picture for demand and stronger growth in rival supply, as...

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USD/CAD Weakness Set to Continue, Support Under Pressure

USD/CAD weakness remains with the pair drifting lower on a weaker USD and a better-bid oil market.

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British Pound (GBP) Outlook: GBP/AUD, GBP/NZD, GBP/JPY Weakening

Sterling is shifting lower against the Australian Dollar, New Zealand Dollar and Japanese Yen, as well as the Euro, after Andy Haldane, the lone hawk among UK policymakers, decided to step down.

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Nasdaq to Outperform Dow Jones as Reflation Trade Loses its Luster

The tech-heavy Nasdaq may outperform the benchmark Dow Jones index in the coming weeks as strong demand for Treasuries, and in-line inflation prints, take some steam out of the Reflation Trade.

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Tuesday, 13 April 2021

Crude Oil Prices Climb on Falling Stockpiles, Brighter Demand Outlook

Crude oil prices extended higher on a larger-than-expected fall in crude inventories. Bullish momentum was building after OPEC+ upgraded its outlook for global oil demand.

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Gold Prices Probe Barrier as Inflation Data Sinks the USD and Yields

Gold prices advanced as longer-dated Treasury yields fell after a smooth 30-year bond auction. Strong US inflation data sent the US Dollar lower and buoyed precious metals prices.

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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.

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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.

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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.

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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.

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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...