DailyFX - Feeds all

DailyFX - Feeds all

EUR/USD Recovery Emerges with RSI on Track to Threaten Downward Trend

Posted: 06 Apr 2021 07:00 AM PDT

Looming developments in the RSI may indicate a further appreciation in EUR/USD if the oscillator breaks out of the downward trend from earlier this year.

EUR/USD to Stay Subdued as IMF Highlights US Outperformance

Posted: 06 Apr 2021 06:30 AM PDT

EUR/USD price action might continue to face headwinds with US GDP growth expected to notably outpace the Euro-area as this stands to keep downward pressure on Bund to Treasury yield differentials.

Gold Prices Attempting to Bottom: Key Resistance Break Needed for Bullish Outlook

Posted: 06 Apr 2021 06:15 AM PDT

Gold price action encouraging as the precious metal attempts to put in a double bottom.

Short EUR/MXN: Q2 Top Trading Opportunities

Posted: 06 Apr 2021 04:30 AM PDT

I'm short EUR/MXN in the second quarter, given the Euro's resilience against EM currencies in the last 6 months, despite risk-on appetite bringing them back from March 2020 lows.

USD Bulls, Euro Sentiment Soft, GBP Vulnerable, AUD Longs Stretched - COT Report

Posted: 06 Apr 2021 03:30 AM PDT

US Dollar net shorts fall to a 1 year low. Euro sentiment remains soft, while GBP is vulnerable to pullbacks.

USD/ZAR Outlook: Relaxed U.S. Treasury Yields Augments Rand Strength

Posted: 06 Apr 2021 03:05 AM PDT

The Rand opened up strong this week on the back of strong economic data and a weakening U.S. Dollar, while key technical levels come into focus.

DAX 30 Forecast: Soaring to New Highs, Eyeing 15,500

Posted: 06 Apr 2021 02:30 AM PDT

The DAX 30 soars to new highs bolstered by strong US data, vaccine concerns could sour sentiment

USD/JPY Breakout Potential: Q2 Top Trading Opportunities

Posted: 06 Apr 2021 02:00 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...

Bitcoin (BTC/USD) Bumping Into $60,000 Resistance, Ethereum (ETH/USD) Hitting New All-Time Highs

Posted: 06 Apr 2021 01:33 AM PDT

Ethereum printed a fresh all-time high over the weekend, while Bitcoin continued to nudge the $60k level. Both are set fair to make further gains

British Pound (GBP) Latest: EUR/GBP Stabilizing After Recent Losses

Posted: 06 Apr 2021 01:00 AM PDT

EUR/GBP has tumbled in recent days as the UK vaccine program outpaces the EU's but it could be time now for at least a minor retracement higher.

US Dollar Forecast: Jobs Figures, Vaccine Divergence to Drive USD Higher

Posted: 06 Apr 2021 12:00 AM PDT

The divergent handling of the coronavirus pandemic, and the wait-and-see stance of the Federal Reserve, may open the door for the US Dollar to continue driving higher against the Euro.

Crude Oil Prices Outlook: Iranian Nuclear Talks and Viral Resurgence in Focus

Posted: 05 Apr 2021 11:00 PM PDT

Crude oil prices gained modestly on Tuesday morning after falling over 4% a day ago. Nuclear talks between Iran and the US in Vienna will be closely watched for clues about future Iranian oil suppl...

Australian Dollar Forecast: AUD/USD Gyrates Post-RBA. Where to Next?

Posted: 05 Apr 2021 10:00 PM PDT

The Australian Dollar failed to find direction following the RBA's April policy decision. Meanwhile, Australia and New Zealand are set to open a travel bubble later this month.

USD/CHF Amid Yield Differentials: Q2 Top Trading Opportunities

Posted: 05 Apr 2021 08:00 PM PDT

The Franc's struggle is likely due to rising bond yields in the United States relative to Switzerland, and may continue throughout the second quarter as the White House sets course to deliver infra...

S&P 500 Index Hits Record Highs, May Lift Nikkei 225 and ASX 200

Posted: 05 Apr 2021 06:00 PM PDT

The S&P 500 and Dow Jones indexes hit fresh records as traders digested a strong March nonfarm payrolls print alongside hopes for a massive US infrastructure plan. Asia Pacific equities look set to...

EUR/GBP Aims Lower: Q2 Top Trading Opportunities

Posted: 05 Apr 2021 05:00 PM PDT

In early February, the Euro breached support which had confined its losses against the British Pound back to mid-May 2020, opening the door for a deep selloff that brought the EUR/GBP exchange rate...

New Zealand Dollar Forecast: NZD/USD May Move Higher as Economic Optimism Grows

Posted: 05 Apr 2021 04:00 PM PDT

NZD/USD is recapturing some of its losses from March as traders grow more optimistic about the economic recovery following solid US data prints.

How to Short Sell a Stock When Trading Falling Markets

Posted: 05 Apr 2021 04:00 PM PDT

Short selling is a great way to trade on a falling market. Learn how to short stocks

US Dollar Outlook: FX Volatility to Rise as Liquidity Returns

Posted: 05 Apr 2021 03:30 PM PDT

The US Dollar extended its pullback on Monday and pressured the broader DXY Index toward technical support provided by its 200-day moving average. Volatility looks likely to accelerate as liquidity...

Euro Forecast: EUR/AUD, EUR/CAD, EUR/NZD Rates Outlook

Posted: 05 Apr 2021 02:31 PM PDT

From a longer-term perspective, the Euro appears weak versus the commodity currencies.
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