Friday, 16 April 2021

Dodgecoin Goes Parabolic as Bitcoin (BTC/USD) Backs Down

Dodgecoin soars while Bitcoin retreats to psychological support

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Weekly Fundamental British Pound Forecast: Seeking Semblance of Stability

As UK vaccination rates have slowed, coupled with a backdrop of calmed UK Gilt yields, the British Pound’s relative appeal that carried it through the first three months of 2021 has been tarnished.

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Gold Price Clears March High as Dovish Fed Rhetoric Drags on US Yields

The break above the March high ($1760) may push the price of gold towards the February high ($1872) as key reversal appears to be unfolding in April.

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Consumer Sentiment Hits New Pandemic High in April But Misses Expectations

The Consumer Sentiment Index rose to its highest level since the onset of the pandemic in April but failed to meet expectations.

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US Dollar Forecast: USD/ZAR, USD/CHF tests critical support

The US Dollar has fallen to critical support as risk sentiment continues to support both EM and carry trade.

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Trading Forex at the News Release

Learn how to trade forex news at the release with our top news trading strategies

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Short EUR/MXN: Q2 Top Trading Opportunities

I’m short EUR/MXN in the second quarter, given the Euro’s resilience against EM currencies in the last 6 months, despite risk-on appetite bringing them back from March 2020 lows.

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Euro Outlook - Conflicting Technical and Sentiment Signals Leave EUR/USD in Limbo

The single currency is struggling to break back above 1.2000 against the US dollar and a series of chart signals is muddying the outlook.

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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.

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British Pound (GBP) Forecast: Headwinds Persist - EUR/GBP Poised to Continue Bullish Trend

EUR/GBP keeps to its uptrend after clearing key resistance as EUR buyers consolidate momentum

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Crude Oil Price Rise May Stall as Supply Swell Swamps Demand

Crude oil prices have mounted a spirited rebound thanks to heavy-duty outflow from US inventories but swelling supplies may cap upside follow-through.

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Gold Prices Threaten Key Chart Barrier as Yields Drop Spurs Rebound

Gold prices are testing a critical chart barrier on the way upward as a drop in Treasury bond yields boosts the non-yielding metal’s relative appeal. A break higher is likely to expose the $1800/oz...

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Thursday, 15 April 2021

Swiss Franc Forecast: USD/CHF, EUR/CHF Moderation Eases Pressure on SNB

The Franc weakened against the Euro and US Dollar in the first quarter, taking pressure off the Swiss National Bank's currency intervention. A miscalculation by the SNB, however, risks sending the ...

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USD/CNH as Reflation Hopes Build: Q2 Top Trading Opportunities

While USD/CNH has rebounded from a two-and-half year low, the Federal Reserve’s dovish-tilted policy guidance and the PBOC’s neutral stance suggest that the currency pair may lack significant upsid...

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Australian Dollar May Still Finish Week Strong Despite Lackluster Chinese GDP

The Australian Dollar may still finish the week strong despite lackluster Chinese GDP and industrial production. AUD/USD confirmed a break above a Descending Triangle, eyeing resistance.

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Dow Jones Rallies on Strong US Data, Nikkei 225 and ASX 200 Eye China GDP

A much stronger-than-expected US retail sales data and bank earnings sent Wall Street equities to their record highs, and Treasury yields fell. Chinese Q1 GDP figure will set the tone for APAC trad...

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JPY Q2 2021 Technical Forecast

The technical outlook for the haven-associated Japanese Yen remains overtly bearish, after the funding currency toppled over 5.5% on average against its major counterparts in the first quarter of 2...

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S&P 500 Forecast: Has the Market Finally Bought What the Fed Was Selling?

US equities have pushed to new heights as strong bank earnings and widespread risk appetite work in tandem to drive price gains. Not to be outdone, US Treasurys could supercharge gains if yields fa...

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Trading Earnings Season: 3 Steps for Using Earnings Reports

Read on for our 3 steps to follow when using earnings reports for trading.

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Small Caps, Copper, EM FX: Q2 Top Trading Opportunities

Coming into 1Q’21, my expectation was that “if growth is the story of 2021, the underperformers of early-2020 should do well.” It is worth acknowledging outperformances and underperformances thus far.

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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...