Canadian Dollar Forecast: CAD/JPY Primed to Claw Back Downside

CAD/JPY price action could recoil back toward year-to-date highs as the Canadian Dollar strengthens on the heels of a relatively hawkish shift in BoC monetary policy.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

Federal Reserve policymakers are heading towards their April rate decision next week, but that doesn’t mean policy is heading anywhere new soon.

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USD/JPY Halts Eight Day Decline as US 10 Year Yield Defends April Low

USD/JPY attempts to halt an eight day losing streak as the 10-Year US Treasury yield appears to be defending monthly low (1.53%).

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Short EUR/NOK: Q2 Top Trading Opportunities

A stronger Krone will weigh down on inflation and if price pressures continue to run hot, a rate hike may be put in place sooner rather than later. On the other side, the Euro is struggling and is ...

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AUD Q2 2021 Technical Forecast

Heading into 2021, our ‘bottom line’ on the Aussie technicals noted, “the Australian Dollar price rally has matured with an advance of more than 37% off the yearly lows risking topside exhaustion i...

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Dow, Nasdaq, S&P 500 Sink with Biden to Pitch 43.4% Capital Gains Tax

Major stock indices like the Dow, Nasdaq, and S&P 500 are free-falling during afternoon trade on Thursday in response to news that President Biden is set to propose a 43.4% capital gains tax rate.

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Ethereum (ETH/USD) Fresh Highs; BTC/USD, Dogecoin Back Down

Crypto mania has continued but this time, the focus has been on Ethereum. Both Bitcoin and Dogecoin remain more subdued, at least for now.

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4 Effective Trading Indicators Every Trader Should Know

Discover the best forex indicators for a simple strategy: Moving Average, MACD, Stochastic and RSI.

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Euro Forecast: ECB Does Little, Euro Facing Turning Risk Trends - Setups in EUR/GBP, EUR/JPY, EUR/USD

The April ECB rate decision did little for the Euro – one way or the other. This leaves the currency at the whims of broader risk trends, which are eroding.

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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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