Wednesday, 28 April 2021

Canadian Dollar Forecast: Oil Prices, Covid-19 Infections May Weigh on CAD

Stagnating crude oil prices and a flurry of coronavirus restrictions in several Canadian provinces may weigh on the Canadian Dollar against its major counterparts.

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Tuesday, 27 April 2021

Gold Prices Retreat Ahead of FOMC as Traders Eye Fed Tapering

Gold prices declined for a second day as Treasury yields and the US Dollar climbed. Traders are eyeing any signs of Fed tapering at Wednesday’s FOMC meeting as the economy gathers strength.

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Crude Oil Prices Fall on Large Stockpiles Build, OPEC+ Honors Output Cuts

An extensive build in crude inventories sent oil prices lower on Wednesday. OPEC+ scrapped Wednesday’s meeting as oil ministers decided to stick to production cuts agreed at the previous meeting.

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Australian Dollar Forecast: AUD/USD Sinks on Weak CPI Figures, Where Next?

The Australian Dollar sank following a weaker-than-expected local CPI print, casting doubt on a less dovish RBA in the months ahead.

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How to Research Stocks: A Step by Step Guide

Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.

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AUD/USD May Rise Ahead, Japanese and South Korean Vaccination Efforts in Focus

AUD/USD may see a directional shift in price following today's CPI print for Q1 out of Australia. Meanwhile, Japan and South Korea attempt to step up vaccination efforts.

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US Dollar Outlook: Volatility Hints at an Uneventful Fed Meeting

The broader US Dollar has been beaten up recently with bears erasing roughly two-thirds of gains notched during Q1. FX volatility suggests this trend may persist as the Fed echoes its dovish message.

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S&P 500 Forecast: Tech Earnings Unleashed Ahead of Fed Rate Decision

The first wave of earnings from big tech companies was released Tuesday but investors will have little time to comb over the reports as another wave is due Wednesday alongside a Fed rate decision.

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Bitcoin Price Forecast: Bullish Chart Pattern Sparks Recovery Rally, Can it Continue?

Bitcoin is on the road to recovery after falling more than 25% in recent days. With a bullish chart pattern and robust demand to boot, can Bitcoin bulls retake all-time highs?

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NZD/USD Forecast: Failure to Clear March High to Bring Defined Range

Failure to push above the March high (0.7307) may keep NZD/USD within a defined range as a head-and-shoulders pattern unravels.

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Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important.

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WTI Crude Oil Price Outlook: Oil Builds Bull Pennant Ahead of FOMC

Oil prices put in a massive move from November to March, but bulls have seemed to cool since then. Is another bullish push waiting around the next corner?

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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.

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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.

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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.

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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.

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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.

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

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

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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

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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

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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...