GBP/USD looks set for a minor correction lower after its recent strong advance, with 1.40 resistance the key level to watch; UK employment data were better than expected but failed to boost GBP.
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Tuesday, 20 April 2021
Dow Jones, S&P 500, Nasdaq 100 Forecast: Q1 Earnings Take Centre-Stage
The Dow Jones, Nasdaq, and S&P 500 could continue to trudge higher in the coming days on the back of robust Q1 corporate earnings figures.
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Monday, 19 April 2021
Gold Prices Seesaw as US Dollar, Treasury Yields Diverge Before Netflix Earnings
Gold prices consolidated as the US Dollar fell but Treasury yields rallied. The technicals seem to favor XAU/USD upside as highly-anticipated Netflix earnings headlines the docket ahead.
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Natural Gas Forecast: Prices Rise as Rare Cold Snap Grips Central US
A late-season cold snap in the United States is driving natural gas prices higher this week but will it last?
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S&P 500 Index Falls as Tech Retreats, Nikkei 225 and ASX 200 May Follow
The S&P 500 paused a record rally amid weakness in the technology sector. Profit-taking activities appeared to be gathering pace as traders awaited corporate earnings. The US Dollar fell to a six-w...
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New Zealand Dollar Forecast: NZD/USD Gains on Greenback Drop, Inflation Data Looms
NZD/USD is on the move higher as rising commodity prices and US Dollar weakness bolstered the New Zealand Dollar. Investors are eyeing inflation data.
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British Pound Technical Analysis: GBP/AUD, GBP/CAD, GBP/NZD Rates Outlook
Price action through the turn of April suggests that better days may be ahead for the GBP-crosses.
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Gold Price Breakout on Hold as Yields Rise, GLD ETF Clocks Outflows
The Gold-tracking GLD ETF continues to see outflows even as gold pushes to its highest price in nearly two months. Gold bulls will also have to negotiate Treasury yields which remain a threat.
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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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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....