USD/CAD Defends April Low Ahead of US and Canada Employment Reports

The recent depreciation in USD/CAD appears to have stalled ahead of the January 2018 low (1.2247) as it defends the April low (1.2266).

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

US Dollar Muted Following Miss on ISM Services PMI, NFPs Eyed

The US Dollar could struggle to overcome technical resistance following softer-than-expected economic data with both ISM Services PMI and ADP payrolls missing market forecast.

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

Bank of England Preview: Will the BoE Taper QE?

BoE watchers eyeing a possible QE taper amid the improving UK economic backdrop and QE capacity restraints.

from DailyFX - Market News https://ift.tt/3teW1Bm
via IFTTT

EUR/GBP Price Analysis - Sliding Towards Important Support as BoE Policy Update Nears

EUR/GBP continues to slip lower and is nearing a multi-week support level ahead of an important BoE policy meeting where tapering of the UK bond-buying program may be mooted

from DailyFX - Market News https://ift.tt/3up8qnB
via IFTTT

Gold Price Forecast: XAU/USD Rejected at 1,800, Momentum Building

Gold pulls back from key resistance, settling back to its recent range as momentum builds

from DailyFX - Market News https://ift.tt/3ehf75B
via IFTTT

British Pound (GBP) Price Outlook: GBP/USD Range Trading to Persist

GBP/USD will likely continue to trade within the broad 1.38 to 1.40 range in place since mid-April unless the Bank of England moves aggressively on monetary policy Thursday.

from DailyFX - Market News https://ift.tt/3tmbr6G
via IFTTT

Dow Jones Forecast: Dovish FOMC, Yellen Clarification to Drive DJI Higher

Yellen’s clarification of rate hike comments and the Fed’s dovish stance may continue to drive US equity prices higher near term.

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

Crude Oil Prices Climb on Falling Stockpiles, Easing Lockdowns in the US and Europe

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...

from DailyFX - Market News https://ift.tt/3b2AK7v
via IFTTT

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...

from DailyFX - Market News https://ift.tt/3tien4n
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3vB7ug2
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3efY1oK
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3umiMV8
via IFTTT

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.

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

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?

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

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.

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

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.

from DailyFX - Market News https://ift.tt/39PNkXj
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3eReb6V
via IFTTT

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.

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

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.

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

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.

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