Tuesday, 20 April 2021

DOGE frenzy continues while Bitcoin (BTC/USD) Backs Down

Dogecoin’s rally continues as Bitcoin bulls face tests at key levels.

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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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What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

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Crude Oil Prices Drop as US Push Through With Anti-OPEC Bill

Oil prices extend losses as US House Judiciary Committee pass NOPEC Bill

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Central Bank Watch: BOE & ECB Interest Rate Expectations Update

Although the BOE doesn’t meet again until May, the ECB is squarely in focus with its April rate decision this week.

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NZD/USD Attempts to Negate Head-and-Shoulders Pattern Ahead of NZ CPI

NZD/USD appears to be on track to negate the head-and-shoulders formation from earlier this year as it approaches the March high (0.7307).

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What is Earnings Season & What to Look for in Earnings Reports?

Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.

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Market Sentiment Webinar: Bitcoin, Ethereum, Dogecoin and Gold in Focus

Cryptocurrencies and gold continue to grab investors’ attention as prices fall, but sentiment remains positive and longer-term upward trends remain intact.

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US Dollar in Neutral, GBP/USD The Largest Bull Bet - COT Report

US Dollar short squeeze stabilises, reducing contrarian properties. GBP/USD remains the largest bull bet.

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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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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...