Thursday, 29 April 2021

Nasdaq 100, Dow Jones, S&P 500 Set for Success After Upbeat Tech Earnings

US equities have emerged from the height of earnings season with upbeat takeaways and improved clarity on the factors that drive valuations. As a result, the groundwork for further gains has been l...

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Dow Jones, Volatility, Treasury ETF Fund Flows Post-FOMC

Dow Jones, VIX, and Treasury ETFs have had mixed reactions in the lead up to and immediate aftermath of the FOMC’s April policy meeting.

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USD Recovery and Resistance Hurdles: Q2 Top Trading Opportunities

Look for topside exhaustion early in the quarter to give way to larger pullback - losses should be limited by 91 IF price is indeed heading higher.

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Gold Price Pares Post-Fed Gain Amid Rise in US Treasury Yields

The price of gold gives back the advance following the Federal Reserve interest rate decision as the 10-Year US Treasury yield climbs to a fresh weekly high (1.68%).

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Why a Rise in Retail Trading May Signal Another Mania

The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.

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Short AUD/USD, AUD/JPY: Q2 Top Trading Opportunities

With a head-and-shoulders formation and the establishment of a downward trend in RSI, traders should be mindful.

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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.

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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%.

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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

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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.

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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.

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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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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...