A large draw in API crude inventories sent oil prices higher on Wednesday alongside economic reopening optimism in the US and the UK. Viral resurgence in parts of Asia remain a wildcard for oil tra...
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Tuesday, 4 May 2021
Gold Prices May Rise Despite Muddled Yellen Remarks and Here is Why
Gold prices stabilized after US Treasury Janet Yellen clarified that she isn’t forecasting interest rate hikes in the near term. Rising inflation expectations, falling real yields and a viral resur...
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Natural Gas Outlook: Path Higher Brightens on Cooler Temps, Trendline Recapture
Natural gas prices moved higher, capturing a long-term trendline that could support the heating commodity's price in the coming weeks as colder temps support fundamental side.
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Nasdaq 100 Tumbles as Yellen Comments About Rate Hikes, Hang Seng and ASX 200 May Fall
Nasdaq 100 index plunged 1.85% as US Treasury Secretary Janet Yellen said interest rates may have to rise moderately as a recovery strengthens. The Hang Seng and ASX 200 indexes may follow lower.
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Sentiment Indicators: Using IG Client Sentiment
IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.
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New Zealand Dollar Forecast: NZD/USD Launches Higher on Stellar Q1 Jobs Report
NZD/USD shifted higher following an upbeat Q1 jobs report that showed New Zealand unemployment falling faster than expected.
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US Dollar Outlook: DXY Index Recoils Higher – Where to Next?
The US Dollar snapped back higher on Tuesday to reverse prior session losses. Can the DXY Index overcome nearside technical resistance or will US Dollar bears throttle the Greenback lower?
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Nasdaq 100 Nosedives as Dow Jones Holds Firm, is the Rotation Trade Back?
Technology stocks and the Nasdaq 100 nosedived Tuesday as the Dow Jones and industrial-facing stocks inched higher. The disjointed price action reawakened discussion around a popular macro trade.
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ZAR Strength May Soon Dissipate: Q2 Top Trading Opportunities
With markets starting to digest the U.S. stimulus package as well as Europe’s PEPP program, it may be time for these two major currencies to begin to recover against the ZAR.
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Dogecoin Rockets 30% as Crypto Traders Flee Bitcoin, Ethereum
Dogecoin (DOGE/USD) briefly pierced the $0.60 price level thanks to today's massive 30% gain that crippled Robinhood's platform. Ethereum is pulling back from its record and Bitcoin keeps lagging.
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NZD/USD Confined by March Range Ahead of New Zealand Employment Report
New Zealand’s Employment report may keep NZD/USD confined within the March range as the fresh figures are anticipated to show a slowing recovery in the labor market.
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Copper Bullish Continuation: Q2 Top Trading Opportunities
Copper has been supported by unprecedented monetary policy, ultra-low interest rates and more importantly, low or negative real yields. It now looks to benefit from a strong recovery in output.
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USD/JPY Rate Recovery Removes Threat of Head-and-Shoulders Formation
The recent recovery in USD/JPY removes the threat of a head-and-shoulders formation as the exchange rate breaks above the left shoulder.
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EUR/USD Price Forecast - The Argument for The Euro Bear
In this second EUR/USD article, DailyFX Strategist Nicholas Cawley argues that EUR/USD weakness will continue in the near-term
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Market Sentiment: Gold, Bitcoin and Ether in Focus | Webinar
Trader confidence is evenly balanced, with the Indian coronavirus outbreak offsetting positive news elsewhere. That has left traders most interested in assets like gold and cryptocurrencies.
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GBP/USD Bulls At Risk From Macro Shock, JPY Short Covering - COT Report
Nervy test for GBP bulls amid BoE and Scottish Election. Japanese Yen Short Covering underpins currency.
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European Outlook: DAX 30 Breaking Down, EUR/USD Suffering From Rising Yields
A stronger US Dollar puts EUR/USD at risk of falling through 1.20. DAX 30 unbale to break above recent range
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EUR/USD Price Forecast: The Euro Bull vs The Euro Bear
In this article, DailyFX Analyst Martin Essex puts the case for EUR/USD strength. Watch out for a reply later today from DailyFX Strategist Nicholas Cawley, who argues that EUR/USD will weaken.
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Ethereum (ETH) and Dogecoin (DOGE) Crack New All-Time Highs
Another strong performance in the cryptocurrency with Ethereum and Dogecoin printing fresh new highs as Bitcoin’s dominance wanes.
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British Pound (GBP) Price Outlook: Steady Ahead of BoE, UK Elections
GBP/USD and the GBP crosses will likely trade sideways, with GBP/USD around 1.39, ahead of Thursday’s monetary policy decision by the Bank of England and UK elections the same day.
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...