Thursday, 29 April 2021

Post-FOMC US Dollar Price Set Up: USD/JPY, USD/CHF, USD/CAD

The unchanged Fed guidance sees the US Dollar unwind some of its pre-meeting build-up on hawkish expectations.

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Gold Q2 2021 Technical Forecast

Gold has been declining since August 2020, and has yet to show any real signs of life.

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British Pound (GBP) Price Outlook: 1.40 in Sight Despite Ousting of Arlene Foster

The resignation of Arlene Foster as First Minister of Northern Ireland has added to the political risk for GBP/USD bulls but the pair will still likely hit the 1.40 level.

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Euro Price Forecast: EUR/USD, EUR/JPY May Slide Ahead of Sentiment Print

The Euro has rode the tailwind of easing coronavirus restrictions higher against the US Dollar and Japanese Yen in recent days. However, underwhelming consumer confidence figures could trigger a ne...

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Wednesday, 28 April 2021

Crude Oil Price Outlook: US GDP Eyed Post Dovish Fed, OPEC+ and Indian Covid Surge

Crude oil prices are rising before first-quarter US GDP data after a dovish Federal Reserve. The path ahead remains bumpy amid surging Indian Covid cases and OPEC’s plan to bring back supply.

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Gold Price Forecast: XAU/USD Aims Higher as Fed Downplays Early Balance Sheet Taper

Gold prices are gaining following the April Fed interest rate decision where the central bank calmed expectations for a balance sheet taper. US PCE data will provide data to help forecast the Fed's...

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Dogecoin Spikes on Musk, Cuban Tweets, Bitcoin Struggles Post-FOMC

Dogecoin prices spiked higher on the back of a flurry of tweets from Elon Musk and Mark Cuban, while Bitcoin prices remain at risk of a more extensive correction lower post-FOMC meeting.

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Dow Jones Down Despite Fed and Earnings Support, Biden Eyed

The Dow fell alongside the Nasdaq and the S&P 500 as US stocks failed to capitalize despite support from a dovish Fed and firm earnings reports. A speech from US President Biden is now in focus.

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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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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...