Friday, 23 April 2021

EUR/USD on Defense as US Dollar Firms Following Strong PMI Data

EUR/USD price action has ripped higher during Friday's trading session so far, but the US Dollar is trying to regain its footing and strengthen following solid PMI data just released by IHS Markit.

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Australian Dollar Forecast: Key AUD/USD, AUD/JPY Levels to Watch

AUD/USD indecision as range holds, eyes on CPI and Fed. AUD/JPY may struggle going forward.

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How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

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British Pound (GBP) - Positive UK Data Releases Should Stem Any Further GBP/USD Declines

A robust set of UK retail sales and PMI releases earlier today should bolster Sterling and prompt a push higher

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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Bitcoin, Ethereum Collapse on Biden Tax Plan

Bitcoin slumps below $50,000 as investors unload assets with the highest returns

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Euro Price Forecast: EUR/USD Aiming Higher on Easing Covid-19 Restrictions

A relatively uneventful ECB meeting, in combination with easing coronavirus restrictions in several European nations, could open the door for EUR/USD to extend recent gains.

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Thursday, 22 April 2021

Gold Prices Pause Rally as India's Covid Infections Surge, US Jobless Claims Fall

Gold prices retreated from an eight-week high as India reported a record daily increase of Covid-19 cases, dampening the outlook for demand. US jobless claims fell to a fresh pandemic low.

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Bitcoin Sinks as US Capital Gains Tax Proposal Injects Fear Into Crypto Market

Bitcoin is on track to record its worst week since early February, with the cryptocurrency breaching below the 50k level in the aftermath of Biden's capital gains tax proposal.

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EUR Q2 2021 Technical Forecast

The Euro has sold off in dramatic fashion against the US Dollar, with EUR/USD aiming to complete its third consecutive monthly loss.

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Introduction to Pitchfork Analysis & Median Line Trading

Find out how parallels of these trend lines can be utilized to give structure to a market advance or decline.

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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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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...