USD/CAD Rate Eyes January 2018 Low as RSI Flirts with Oversold Zone

USD/CAD appears to be on track to test the January 2018 low (1.2247) as the Relative Strength Index (RSI) flirts with oversold territory.

from DailyFX - Market News https://ift.tt/3aOKL8a
via IFTTT

Muted Reaction From Markets As US Q1 GDP Prints At 6.4%

US GDP for Q1 2021 printed at 6.4%, edging above the already-impressive forecast of 6.1%.

from DailyFX - Market News https://ift.tt/3vtcL9A
via IFTTT

Crude Oil Prices Soars, $70 in Focus as Oil Demand Outlook Strengthens

Oil prices hits one month highs as JMMC remain confident over oil demand outlook

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

Euro Outlook - Q1 GDP Releases Hold the Key for the Next Move in EUR/USD

Strong Eurozone economic expectations are being ignored as EUR/USD traders wait for today’s US Q1 GDP release and Friday’s German and Eurozone numbers.

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

GBP Q2 2021 Fundamental Forecast

The British Pound rallied towards GBP/USD 1.4200, slightly higher than our expectations, before dropping back to 1.3700.

from DailyFX - Market News https://ift.tt/3aKHI0L
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3h0BWwj
via IFTTT

Gold Q2 2021 Technical Forecast

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

from DailyFX - Market News https://ift.tt/2R9Yf7P
via IFTTT

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.

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

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...

from DailyFX - Market News https://ift.tt/3nuA286
via IFTTT

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.

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

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...

from DailyFX - Market News https://ift.tt/3eDOs1V
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3eIl3U4
via IFTTT

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.

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

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.

from DailyFX - Market News https://ift.tt/3nv3WZQ
via IFTTT

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.

from DailyFX - Market News https://ift.tt/32ZtS6s
via IFTTT

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.

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

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...

from DailyFX - Market News https://ift.tt/3eCAs8C
via IFTTT

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.

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

Top 10 Candlestick Patterns To Trade the Markets

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

from DailyFX - Market News https://ift.tt/3oNUe4k
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3aHJTT1
via IFTTT