USD/CAD Slips Back Below 50-Day SMA as BoC Slows Pace of QE Program

Failure to hold above the 50-Day SMA (1.2576) may push USD/CAD towards the March low (1.2365) as the BoC slows the pace of its quantitative easing (QE) program.

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Breaking: ECB Announcement Unchanged, EUR/USD Muted

Euro and Bund yields muted following ECB copy and paste.

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Bitcoin (BTC/USD) Slide Resumes, Ethereum (ETH/USD) Continues to Outperform

Bitcoin (BTC/USD) is slipping lower again and is nearing the sell-off low made over the weekend. Ethereum remains positive and pushing higher.

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Euro Latest: EUR/USD, EUR/GBP Price Action Set-Up for ECB

EUR/USD finding support at 1.20, EUR/GBP recovering from last week’s reversal

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Short EUR/JPY - Q2 Top Trading Opportunities

Putting together a weak Euro with a stronger Yen, there is plenty of scope for EUR/JPY to weaken if you think the recovery will be rather bumpier than current market pricing implies.

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Silver Price Forecast: XAG/USD Breakout Stalls at Key Resistance

Safe-haven demand picks up as new Covid-19 infections get out of hand in some countries

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Oil Q2 2021 Technical Forecast

After an impressive start to 2021, the oil forecast for the second quarter of the year is lacking an overly optimistic tone given a weaker picture for demand and stronger growth in rival supply, as...

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British Pound (GBP) Outlook: Failing to Benefit From Global 'Risk On' Sentiment

GBP/USD still seems unable to break through the important 1.40 level on a sustained basis even though a rebound in global equities suggests that investors are generally confident.

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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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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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