EUR/USD Breaks Out of Descending Channel Ahead of Fed Rate Decision

EUR/USD may attempt to test the February high (1.2243) as the exchange rate breaks out of the descending channel from the start of the year.

from DailyFX - Market News https://ift.tt/3dWPw1O
via IFTTT

Copper Bullish Continuation: Q2 Top Trading Opportunities

Copper has been supported by unprecedented monetary policy, ultra-low interest rates and more importantly, low or negative real yields. It now looks to benefit from a strong recovery in output.

from DailyFX - Market News https://ift.tt/3gaVgGz
via IFTTT

April Consumer Confidence Hits Highest Level Since February 2020

Consumer Confidence in April printed strongly above expectations at 121.7 versus a forecast of 113.

from DailyFX - Market News https://ift.tt/3sXHwl4
via IFTTT

Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

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

from DailyFX - Market News https://ift.tt/3u1Nums
via IFTTT

Market Sentiment in Neutral Ahead of FOMC Meeting | Webinar

Trader confidence in the US stock markets remains high ahead of this week’s US monetary policy meeting but currencies are subdued.

from DailyFX - Market News https://ift.tt/3aI2gas
via IFTTT

Japanese Yen Price Set-Up: USD/JPY Reversal, GBP/JPY & Month-End

Japanese Yen under pressure into month end, eyes on FOMC ahead.

from DailyFX - Market News https://ift.tt/2Pq92Kq
via IFTTT

Bitcoin, Ether Jump Higher Despite Second Crypto Exchange Collapse in Turkey

Digital currencies recover from last week’s slump, building momentum on yesterday’s surge

from DailyFX - Market News https://ift.tt/3sZt24i
via IFTTT

Gold Price Outlook - Potential Breakout Looming as Fed, US Data Prints and Tech Company Results Collide

Gold remains unable to break back above $1,800/oz. but volatility may heighten as the latest Fed policy announcement, US data prints, and Big tech earnings heave into view

from DailyFX - Market News https://ift.tt/3sWPVoS
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3dUxblN
via IFTTT

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.

from DailyFX - Market News https://ift.tt/32RTMJu
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3u1BYrq
via IFTTT

Introduction to Basic Trendline Analysis

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

from DailyFX - Market News https://ift.tt/3uVMS2I
via IFTTT

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...

from DailyFX - Market News https://ift.tt/3gHeG64
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3npphDZ
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3xqO5A6
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3vlgjdJ
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3dTl1K1
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2PoFEUS
via IFTTT

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...

from DailyFX - Market News https://ift.tt/2S1pTUN
via IFTTT

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).

from DailyFX - Market News https://ift.tt/32SgUr8
via IFTTT