Wednesday, 28 April 2021

Ford Stock Sinks as Global Semiconductor Shortage Bites into Fiscal Year Outlook

Ford shares tumbled after the bell despite strong earnings, as management disclosed the striking impact the global chip shortage is having on production.

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New Zealand Dollar Forecast: NZD/USD Rally May Extend After Pickup in Trade Activity

NZD/USD's April rally appears to be on track to continue into May after data shows that the island nation's trade activity increased in March.

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Gold & Silver Prices Get Bullish Cue from Dovish Fed, Weak USD

Gold and silver prices look set on extending higher thanks to dovish Fed guidance, softer real yields, and US Dollar weakness.

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Stock Market Today: Huge Beats from AAPL, FB to Help Prolong Risk Rally

Strong earnings from Apple and Facebook will look to bolster equity sentiment after stocks closed modestly lower in the wake of the FOMC rate decision. Traders will look to earnings from Amazon Thu...

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S&P 500 Hits New Record High as Fed’s Powell Vows to Stay Dovish

The S&P 500 Index popped to a new intraday record high in the wake of the latest Fed announcement and press conference from Chair Powell who vowed to keep policy dovish.

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Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

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Oil Price Forecast: Bullish Price Series Brings March High Within Reach

The price of oil may attempt to test the March high ($67.98) over the coming days as it extends the series of higher highs and lows from earlier this week.

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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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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...