Wednesday, 28 April 2021

US Dollar Selling Quickens as Fed Leaves Policy Path Unchanged

The US Dollar is facing another wave of selling pressure led by USD/CAD weakness and EUR/USD strength in response to yet another dovish statement from the Federal Reserve crossing wires now.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

Federal Reserve policymakers are on the verge of releasing their April rate decision, but that doesn’t mean policy is heading anywhere new soon.

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How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions.

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The Federal Reserve Bank: A Forex Trader’s Guide

Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.

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USD/JPY Rate Tracks US Treasury Yields Ahead of FOMC Rate Decision

USD/JPY carves a series of higher highs and lows ahead of the Federal Reserve rate decision as the 10-Year US Treasury yield climbs to a fresh weekly high (1.65%).

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US Dollar Price Action Set Up for FOMC: EUR/USD, AUD/USD Levels

Federal Reserve in focus for markets, but don’t expect fireworks. Fed likely to stick to current script.

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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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Bitcoin (BTC/USD) Recovery Continues, Ethereum (ETH/USD) Cracks a New All-Time High

The cryptocurrency market recovery continues with Ethereum (ETH) leading the way among the heavyweight coins. Bitcoin dominance is now under 50%.

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EUR Q2 2021 Fundamental Forecast

The key question for EUR/USD traders looking at the second quarter of 2021 is whether the steep decline in the pair in the first quarter will reverse in Q2, and the answer is quite possibly yes.

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European Equities Technical Outlook: FTSE 100, IBEX 35, CAC 40

Equities hold on to recent gains as they await the latest monetary policy commentary from Powell at today’s FOMC meeting

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GBP Q2 2021 Technical Forecast

As Q1 comes to a close, much of the early quarter gains in GBP/USD have been largely retraced after peaking at 1.4235.

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British Pound (GBP) Outlook Positive as GBP/USD Shrugs Off UK Political Turmoil

GBP/USD has held its ground over the last few days, suggesting underlying strength given a series of claims and counter-claims about Boris Johnson’s ‘competence and integrity’.

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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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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...