DailyFX - Feeds all

DailyFX - Feeds all

EUR Q2 2021 Technical Forecast

Posted: 03 Apr 2021 10:30 AM PDT

The Euro has sold off in dramatic fashion against the US Dollar, with EUR/USD aiming to complete its third consecutive monthly loss.

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

Posted: 03 Apr 2021 09:00 AM PDT

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

USD Recovery and Resistance Hurdles: Q2 Top Trading Opportunities

Posted: 03 Apr 2021 07:30 AM PDT

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.

Equities Q2 2021 Technical Forecast

Posted: 03 Apr 2021 05:30 AM PDT

The S&P 500 index is riding an ascending trend higher and may attempt to challenge a psychological resistance level at 4,000 (the 100% Fibonacci extension of the past year's first phase rally).

USD/JPY Breakout Potential: Q2 Top Trading Opportunities

Posted: 03 Apr 2021 04:00 AM PDT

USD/JPY is on my radar as a breakout candidate after several years of narrowing price action. The price action in Q1 was some of the best we've seen in some time, but still leaves USD/JPY in the co...

Oil Q2 2021 Fundamental Forecast

Posted: 03 Apr 2021 02:00 AM PDT

The strong bid beneath crude oil broadly tracked market optimism surrounding covid vaccine developments, massive fiscal stimulus packages, and improved outlook for global GDP growth.

Short EUR/NOK: Q2 Top Trading Opportunities

Posted: 03 Apr 2021 12:30 AM PDT

A stronger Krone will weigh down on inflation and if price pressures continue to run hot, a rate hike may be put in place sooner rather than later. On the other side, the Euro is struggling and is ...

Short AUD/CAD: Q2 Top Trading Opportunities

Posted: 02 Apr 2021 11:00 PM PDT

Heading into Q2, I am bearish on AUD/CAD on US economic outperformance, BoC tapering and favourable positioning.

JPY Q2 2021 Technical Forecast

Posted: 02 Apr 2021 09:00 PM PDT

The technical outlook for the haven-associated Japanese Yen remains overtly bearish, after the funding currency toppled over 5.5% on average against its major counterparts in the first quarter of 2...

USD/CNH as Reflation Hopes Build: Q2 Top Trading Opportunities

Posted: 02 Apr 2021 07:30 PM PDT

While USD/CNH has rebounded from a two-and-half year low, the Federal Reserve's dovish-tilted policy guidance and the PBOC's neutral stance suggest that the currency pair may lack significant upsid...

AUD Q2 2021 Fundamental Forecast

Posted: 02 Apr 2021 05:30 PM PDT

The Australian Dollar appreciated against its US counterpart during the first quarter of 2021 with AUD/USD briefly trading above the 0.8000 handle in February.

Copper Bullish Continuation: Q2 Top Trading Opportunities

Posted: 02 Apr 2021 04:00 PM PDT

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.

Gold Q2 2021 Technical Forecast

Posted: 02 Apr 2021 02:00 PM PDT

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

EUR/CAD Weakness: Q2 Top Trading Opportunities

Posted: 02 Apr 2021 12:30 PM PDT

EUR/CAD has fallen a whopping 700-pips so far this year, succumbing to a massive wave of selling pressure on the back of Euro weakness and Canadian Dollar outperformance.

USD Q2 2021 Fundamental Forecast

Posted: 02 Apr 2021 10:30 AM PDT

Through the opening quarter of 2021, there were significant changes in focus from an incredible charge in retail appetite to anticipation for reopening economies after mass vaccinations to burgeoni...

EUR/JPY Reversal Potential: Q2 Top Trading Opportunities

Posted: 02 Apr 2021 09:00 AM PDT

A carry trade matters little if the principle portion of the trade is losing faster than the swap might accrue. In a pair like EUR/JPY, that motivation for carry is similarly low; and any questions...
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