USD Q2 2021 Technical Forecast

It was a bizarre beginning to a New Year for the US Dollar, but given 2020 I’m not sure how surprising it should be.

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Bitcoin Forecast: BTC/USD Bearish Below 50-Day Moving Average

Bitcoin has struggled to regain altitude since BTC/USD price action plunged -10% this past weekend, and the cryptocurrency might remain under pressure below its 50-day moving average.

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CHF/JPY Struggles to Break Resistance Around 118.60, What’s Next?

CHF/JPY has continued to meet resistance around 118.60, a key high level in the pair’s multi-year range.

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EUR/USD Fails to Test March High as ECB Boosts PEPP for Second Week

EUR/USD fails to test the March high (1.2113) ahead of the ECB rate decision as the central bank boosts the pace of the PEPP for the second week.

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Canadian Dollar (CAD) Spikes as Bank of Canada (BoC) Tapers QE

Canadian Dollar soars on hawkish BoC. QE tapered despite rising virus cases.

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Euro Technical Analysis: EUR/CHF, EUR/NOK, EUR/SEK Rates Outlook

A look at some of the non-major EUR-crosses.

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Gold Price Outlook - Rally Aided by Positive Moving Average Crossover

Gold is pressing back towards $1,800/oz, helped in part by a sluggish US dollar and a positive chart signal

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How to Trade Forex News: An Introduction

Find out the essentials of trading the news with this introductory guide to forex news trading

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Canadian Dollar (CAD) Price Action Set-Up on Bank of Canada Decision

BoC QE taper is the most likely course of action despite recent surge in virus cases.

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How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

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FTSE 100 Tumbles Below 7,000 on Virus Concerns and Tobacco Review

Airlines and financials continue to struggle as new Covid-19 variants threaten recovery

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British Pound Outlook: UK Inflation, Producer Price Data Positive for GBP

The latest UK CPI and PPI figures haven’t changed the outlook for Sterling but are still positive long-term; the Bank of England will have to tighten monetary policy eventually.

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Canadian Dollar Price Forecast: USD/CAD May Gain on Wait-and-See BoC

A wait-and-see approach from the Bank of Canada at its upcoming meeting, in light of an ever-worsening local coronavirus situation, could open the door for USD/CAD to extend recent gains.

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Crude Oil Prices Fall on Rising Stockpiles and Viral Resurgence

An unexpected build in crude inventories sent oil prices lower on Wednesday. Rising coronavirus infections in India, Japan and other parts of the world dampened the outlook for energy demand.

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Gold Prices Extend Higher amid Viral Resurgence, Falling Yields

Gold prices climbed to an 8-week high as viral resurgence in parts of the world dampened growth prospect, sending yields lower. Rising demand for safety boosted the appeal of the precious metal.

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Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

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AUD/USD Mixed as Retail Sales Surpass Expectations

Australian retail sales for the month of March grew by 1.4%, as lockdowns eased an early Easter holiday.

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Nasdaq 100 Outlook and Netflix Earnings Miss May Cast a Shadow on Hang Seng and ASX 200

Nasdaq 100 futures declined after Netflix reported a much lower-than-expected subscriber growth in Q1. Stock markets are facing a “reality check” for corporate earnings.

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Nasdaq 100 Sinks Despite Mostly Upbeat Earnings, Asia-Pacific Turns Eye to AU Retail Sales

The Nasdaq 100 shifts lower for a second day despite mostly upbeat earnings reports. Traders will shift focus to Australia’s retail sales figure during Wednesday’s Asia-Pacific session.

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S&P 500 Forecast: Stocks Pull Back as Tech Earnings Approach

US equities are on the backfoot as strong bank earnings have faded into the rearview ahead of technology earnings. An abysmal quarterly report from Netflix will do little to bolster fragile sentiment.

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