Find out how parallels of these trend lines can be utilized to give structure to a market advance or decline.
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Thursday, 6 May 2021
Trouble for EUR/CAD, EUR/NOK: Q2 Top Trading Opportunities
The Euro has lost a significant amount of ground against the commodity-sensitive Norwegian Krone and Canadian Dollar in the first quarter of 2021. These losses appear to stem from the divergence in...
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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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AUD/USD Gains May Extend on China PMIs After Discounting AU-China Tensions
AUD/USD is tracking higher despite an overnight drop as tensions between China and Australia heat up further. Today's PMI prints out of China, and the RBA policy statement may move sentiment.
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US Dollar Outlook: USD/CAD Volatility to Rise, Jobs Data Looms
The US Dollar snapped notably lower during Thursday's trading session led by EUR/USD strength and USD/CAD weakness. USD/CAD price volatility might accelerate with high-impact jobs data due.
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Bitcoin Price Forecast: BTC Battles Resistance as Altcoins Siphon Demand
Bitcoin is grappling with resistance as altcoins like Doge rocket higher. While BTC remains the largest coin by market cap, surging prices elsewhere have begun to steal its appeal.
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Federal Reserve Hints at Potential Declines in Asset Prices, Calls for Hedge Fund Transparency
The Federal Reserve released its financial stability report on Thursday, in which the central bank highlighted the vulnerability of various asset prices.
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Euro Technical Analysis: Rally May Have Another Leg - Levels for EUR/GBP, EUR/JPY, EUR/USD
The Euro started May on rocky footing, but may be turning the corner after a trio of EUR-crosses rebounded at their daily 21-EMAs.
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Gold Price Tops $1,800 with Conviction – More Gains Ahead?
Gold price action has been ripping higher over recent trading sessions alongside silver. The precious metals are up 2.6% and 5.9% respectively this month, but could more gains be in store?
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Dogecoin: Doge Drops from All-Time High, Musk’s SNL Debut Up Next
Dogecoin recently reached a new all-time high after another two platforms announced that they would offer the meme-inspired coin. Doge trades down for the day thus far
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Oil Price Rally Vulnerable Amid Failure to Test March High
The rally in the price of oil appears to be stalling ahead of the March high ($67.98) as it fails to extend the series of higher highs and lows from the start of the week.
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Breaking: Bank of England Tapers QE, GBP/USD Jumps
BoE announces that it will slow QE purchases, while also upgrading their economic outlook.
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USDTRY Drops as Turkey Keeps Rates Unchanged, Easing Cycle Expected to Begin Soon
Risks surrounding Turkish Lira persist despite lack of rate cut from Turkey’s Central Bank
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Gold Price Latest - XAU/USD Trapped by Resistance, Will US NFPS Stoke a Move in US Treasury Yields?
Gold continues to bump into resistance around $1,800/oz. and traders will now wait to see if the latest US jobs report sets up a clean break or a retracement lower.
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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.
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Ethereum (ETHUSD) Outperforms as Bitcoin (BTCUSD) Shows Signs of Exhaustion
Altcoins build on positive momentum as Bitcoin struggles in its approach to 60,000
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Trading Forex at the News Release
Learn how to trade forex news at the release with our top news trading strategies
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Canadian Dollar (CAD) Price Outlook: USD/CAD Poised For Further Leg Lower
USD/CAD looks ready to resume its previous decline after relative stability in the pair over the past seven days, with CAD benefiting from the persistent strength of crude oil prices.
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British Pound Aims Higher with BOE Stimulus Unwind in Focus
The British Pound is on the upswing and may gain more ground against the Euro as all eyes turn to the Bank of England for clues about its plans to unwind Covid-era stimulus.
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Wednesday, 5 May 2021
Crude Oil Prices May Turn Lower From Key Chart Barrier
Crude oil prices were unable to capitalize on an outsized draw from US inventories amid signs of softer end demand. Technical positioning warns that a major top may be forming.
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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 -...