Monday, 19 April 2021

FTSE 100 Update: FTSE Surpasses 7000, Rising 40% From 2020 Low

The FTSE 100 has been buoyed by loose monetary policy, recent relaxations in local lockdown restrictions and optimism around the global economic recovery.

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EUR/USD Breaks Above 1.20 as US Dollar Losses Intensify, DAX 30 Keeps Record Highs

Euro bulls manage to break the 1.20 mark after several attempts, whilst the DAX 30 continues its bullish pace

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British Pound (GBP) - Positive Outlook Pushing GBP/USD Higher, Extending Last Week's Gains

Sterling opens the week on the front foot and pushing back above Friday’s high against the US dollar, while EUR/GBP looks set to re-test the 0.8600 area again.

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US Dollar Forecast: USD/JPY Testing Key Support as Yields Slide Lower

The USD/JPY exchange rate is challenging a key inflection point after sliding significantly lower on the back of falling US Treasury yields. Is a more extended correction in the offing?

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Sunday, 18 April 2021

Crude Oil Prices Retreat after Big Rally as Traders Await Fresh Catalysts

Crude oil prices retreated for a second day after registering big gains last week. Uneven vaccine progress around the globe and surging infections in India remain threats to energy demand.

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Gold Prices Extend Higher on Chinese Demand Boost, Falling Yields

Gold prices edged higher as Treasury yields fell. China has given banks permission to import large amount of gold to meet domestic demand ahead of the “Golden Week” holiday.

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US Dollar Forecast: SGD, THB, IDR, PHP May Rise. Bank of Indonesian on Tap

The US Dollar weakened against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso as Treasury yields fell. More of the same may be ahead.

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Nasdaq 100, Hang Seng, ASX 200 Outlook: Tech Earnings in Focus as US Stocks Hit Records

Stocks on Wall Street closed at all-time highs as investors anticipated a strong earnings season ahead. Futures across the Asia Pacific look set to ride this tailwind. Cryptocurrencies tumbled over...

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Bitcoin Tumbles Amid Xinjiang Blackout, Possible US Treasury Investigation

Bitcoin prices tumbled lower amid news of a possible US Treasury investigation into the crypto space and a blackout in the Chinese BTC mining region of Xinjiang.

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Markets Week Ahead: Dow Jones, Gold, EUR/USD, ECB, USD/CAD, BoC, Treasury Yields

A decline in Treasury yields continued supporting the Dow Jones and Nasdaq Composite as the US Dollar fell. Gold and silver prices are on the rise following notable breakouts. EUR/USD and USD/CAD a...

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Dow Jones May Aim Higher, Backed by Earnings and Robust Data

A slew of strong bank earnings and upbeat economic data may pave the way for US equity indices to march higher. With accelerated consumer spending and job creation, the path of least resistance see...

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Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

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Saturday, 17 April 2021

Euro Forecast: EUR/USD Outlook Improves, What to Expect From ECB Meeting

For Euro traders, the week ahead will be dominated by Thursday’s ECB meeting. Eurozone monetary policy won’t be changed but Lagarde’s comments are expected to be dovish.

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Gold Weekly Forecast: More Upside Likely - Can it Be Sustained?

Gold is back at levels last seen in February after clearing key resistance.

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As a New Retail Trader Age Rises, Heed Tales of Past Manias

In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.

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US Dollar Outlook Mired by Fall in Longer-Dated US Treasury Yields

The US Dollar extends the decline from the start of April as the as the 10-Year Treasury yield slips to a fresh monthly low (1.53%).

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Bitcoin, Ethereum Slide on Turkish Ban, Dogecoin Goes Ballistic, Up 500%+ in a Week

Bitcoin (BTC/USD) is giving back some of this week’s record gains after Turkey bans crypto-payments, but lower prices will likely entice buyers back to the table. Dogecoin soars.

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Friday, 16 April 2021

Australian Dollar Forecast: AUD/USD May Rise as Dovish Fed Calms Yields, US Dollar

The Australian Dollar could continue capitalizing on dovish Fed commentary that has been denting the US Dollar and Treasury yields, boosting stocks ahead of a relatively quiet week.

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

Dodgecoin soars while Bitcoin retreats to psychological support

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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...