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Tuesday, 27 April 2021

Crude Oil Price Outlook: Upside Risk as OPEC+ Meets to Discuss Output

OPEC and its allies meet this week to reconsider their plan to ease production curbs from May 1; the risk is that the plan is put on hold due to concerns about demand, particularly from India.

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Gold Prices May Fall as Chart Setup Warns of Topping Before FOMC

Gold prices may turn lower if a bearish Head and Shoulders chart pattern plays out as advertised. The FOMC monetary policy announcement lines up as a catalyst.

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British Pound Price Forecast: Reopening Optimism to Drive GBP/USD Higher

Better-than-expected economic data, falling coronavirus case numbers, and reopening optimism may continue to drive the British Pound higher against its major counterparts in the near term.

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Monday, 26 April 2021

Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

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Japanese Yen Forecast: Dovish BoJ, Covid-19 Lockdowns to Keep JPY on Backfoot

The Bank of Japan’s upgraded GDP forecasts pushed JPY higher against USD however, the central bank’s dovish stance and a slew of coronavirus restrictions will likely keep the currency on the back f...

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AUD/USD Analysis: Struggling at 0.78 Despite Chinese Industrial Profits Surge

AUD/USD fell once again at the 0.78 handle as strong Chinese industrial profits struggled to offer much for the Australian Dollar. All eyes are on the Fed this week.

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S&P 500 Index Hits a Fresh Record, Nikkei 225 and ASX 200 Open Flat

The S&P 500 index hit a fresh record amid strong earnings. Tesla dropped during after-hours trading despite upbeat profits in Q1. Asia-Pacific markets are poised for a mixed start on Tuesday.

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SPACs Continue to Shine as Super Group Holding Co. Prepares to Go Public

Super Group, the parent company of Betway and Spin, is set to trade on the NYSE following a $4.75 billion merger with Sports Entertainment Acquisition Corp.

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New Zealand Dollar May Rise, Copper Price Outlook Hones in on All-Time High

The New Zealand Dollar rose against the US Dollar, with copper futures closing at the highest since 2011. Ahead, the Japanese Yen is eyeing the Bank of Japan after a rosy day for sentiment.

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Crypto Latest: Tesla Bitcoin Sales Show $101-Million Gain, Ripple Surges

Cryptocurrencies are soaring today with XRP/USD surging 20% and BTC/USD gaining 10% on the session. Bitcoin credibility may improve as Tesla earnings show a $101-million gain on digital asset sales.

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Nasdaq 100 Update: Tesla Earnings and Inflation Fears Jockey for Price Control

The Nasdaq 100 lurched higher to start the week ahead of a string of scheduled event risk. Tesla earnings began the wave of reports expected of big-tech companies while other companies noted inflat...

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AUD/USD Still on Track to Negate H&S Formation Ahead of Australia CPI

AUD/USD may stay on track to negate the head-and-shoulders formation from earlier this year as the exchange rate comes up against the monthly high (0.7816).

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Tesla (TSLA), Amazon (AMZN), FOMC Highlight a Big Week for US Markets

It's a big week for global markets, and the US in particular. Stocks are strong, the US Dollar is weak and the Fed is on the docket. Buckle up.

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Euro Stoxx 50 Trades At 13 Year High as Bund Yields Consolidate Near Pandemic Highs

The Euro Stoxx 50 index has continued to grind higher in 2021, rising above 4,000 for the first time since early 2008. German Bund Yields remain around the levels hit in late February’s bond market...

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USD/CAD Rate Forecast: March Low on Radar Amid Search for Support

The March low (1.2365) sits on the radar for USD/CAD ahead of the Federal Reserve interest rate decision as the exchange rate searches for support.

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Markets Week Ahead: EUR/USD, Nasdaq, Gold, Fed, Earnings, GDP & Inflation

Markets look ripe for volatility next week. What are EUR/USD, Nasdaq, and gold traders watching out for with the Fed decision, equity earnings, and release of GDP and inflation data on deck?

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