Thursday, 22 April 2021

Trouble for EUR/CAD, EUR/NOK: Q2 Top Trading Opportunities

The Euro has lost a significant amount of ground against the commodity-sensitive Norwegian Krone and Canadian Dollar in the first quarter of 2021. These losses appear to stem from the divergence in...

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Wednesday, 21 April 2021

Crude Oil Prices Suppressed by Rising Stockpiles and Demand Concerns

Crude oil prices extended lower after registering a two-day loss of 3.8% amid viral resurgence and rising inventories. The OPEC+ is expected to maintain production policy unchanged in a meeting nex...

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Gold Prices Extend Higher as Yields Fall, ECB Meeting in Focus

Gold prices edged upward to an eight-week high as Treasury yields fell alongside the US Dollar. Gold traders are eyeing the ECB meeting later today for clues about the central bank’s monetary polic...

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Euro Technical Analysis: EUR/USD, EUR/AUD, EUR/NZD, EUR/JPY Chart Setups

The Euro offers potentially actionable trade setups against various pairs including EUR/USD, EUR/AUD, EUR/NZD and EUR/JPY.

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Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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JPY Q2 2021 Fundamental Forecast

As anticipated, the Japanese Yen started off the new year on a sour note.

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Gold Forecast: Has XAU/USD Price Action Officially Bottomed?

Gold bulls have staged an eye-catching rebound to eight-week highs with XAU/USD price action catching a strong bid as real yields edge lower, but has the precious metal officially bottomed?

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Silver Price Forecast: XAG/USD Ponders Breakout Alongside Gold Gains

Silver jumped to its highest price in weeks Wednesday as further Treasury yield weakness propped up precious metal prices. With a breakout on the horizon, can silver extend recent gains?

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S&P 500, Financials, Bond ETF Flows After Strong Q1 Bank Earnings

The XLF Financial Sector ETF and Treasury ETFs have remained subdued amidst strong bank earnings for Q1 and a pause in the rise in US yields.

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Oil Price Forecast: Move Below 50-Day SMA to Keep March Range Intact

The price of oil may continue to track the March range as crude struggles to hold above the 50-Day SMA ($61.54).

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British Pound Technical Analysis: GBP/USD, GBP/JPY

It was a big start to the week for the British Pound, but can Sterling bulls continue to push?

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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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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...