Monday, 19 April 2021

Nasdaq 100 ETF Sees Largest Outflow Since October - Stock Market Update

The Nasdaq 100-tracking QQQ ETF recorded its largest outflow since October on Friday as equities entered the week on the backfoot. Nevertheless, the longer-term trend remains higher, at least for now.

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FinTwit, Women and Trading: An Interview with @DeadCaitBounce

Finance and trading are two areas where men considerably outnumber women. Progress is being made and DailyFX is highlighting that progress with a new series on women leaders changing finance.

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US Dollar Price Action Setups: EUR/USD, GBP/USD

The US Dollar continues to slide and this has helped to propel both EUR/USD and GBP/USD. Do USD bears have staying power?

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AUD/USD Rate on Track to Negate Head-and-Shoulders Formation

AUD/USD appears to be on track to negate the head-and-shoulders formation from earlier this year as it approaches the March high (0.7849).

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FX Week Ahead - Top 5 Events: New Zealand, Canada, & UK Inflation Rates; BOC & ECB Rate Decisions

Now in the second half of April, the economic calendar brings forth several data releases and events that historically invite more volatility to FX markets.

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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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Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.

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USD/CAD Outlook Hinges on Bank of Canada (BoC) Forward Guidance

USD/CAD may continue to give back the rebound from the March low (1.2365) if the Bank of Canada (BoC) adjusts the forward guidance for monetary policy.

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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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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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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...