Tuesday, 20 April 2021

Will Dogeday see Dogecoin explode to $1?, Bitcoin, Ethereum Crushed

Dogecoin continues to surge as other cryptocurrencies struggle post-Coinbase listing

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Euro Outlook - EUR/USD Breakout But Sustained Rally May Prove Difficult

The single currency has broken above 1.2000 resistance against the US dollar and while this level now turns to support, further gains may be limited.

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Crude Oil Prices Look to US Inventory Data for Diretion

Crude oil prices are struggling for direction amid conflicted fundamental cues. Incoming inventory data may trigger a response jittery markets.

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British Pound (GBP) Outlook: GBP/USD Pausing for Breath at 1.40 Resistance

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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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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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...