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Dogecoin, Tesla, GameStop – FinTwit Trends to Watch Next Week

TOP FINTWIT TRENDS – DOGECOIN ($DOGE), TESLA ($TSLA), GAMESTOP ($GME) IN FOCUS NEXT WEEK Dogecoin could be teed up for volatility with the crypto likely to get a shoutout on SNL Tesla price action has struggled to stay afloat but might see renewed buying pressure GameStop looks constructive as the stock forms what may . . . → Read More: Dogecoin, Tesla, GameStop – FinTwit Trends to Watch Next Week

Stocks Push to All-Time Highs Following NFP Miss, Gold Spikes

Dow Jones, S&P 500, Nasdaq 100 Price Outlook: Stocks Push to All-Time Highs Following NFP Miss, Gold Spikes

The Dow Jones and S&P 500 jumped to record levels Friday as traders reassessed the monetary policy landscape following a rather significant miss on non-farm payroll data. While lower than expected employment data is typically . . . → Read More: Stocks Push to All-Time Highs Following NFP Miss, Gold Spikes

How the COVID-19 Pandemic is Disrupting India’s Gold Demand

Importance of gold in India Impact of COVID-19 on gold price and gold demand Spot Gold technical analysis History of Gold in India

Traditionally,gold is deeply rooted in Indian culture and held in high regard throughout the country. Holding gold is seen as a norm in India and is used in countless . . . → Read More: How the COVID-19 Pandemic is Disrupting India’s Gold Demand

Dogecoin: Doge Drops from All-Time High, Musk’s SNL Debut Up Next

DogeTalking Points: Dogecoin dropped roughly 17% after reaching an all-time high yesterday The meme-inspired cryptocurrency surged after being made available on two more platforms this week Next up for Doge – Elon Musk’s SNL debut on May 8th Advertisement Dogecoin Surges in 2021

Dogecoin has witnessed an astronomical surge in price since April . . . → Read More: Dogecoin: Doge Drops from All-Time High, Musk’s SNL Debut Up Next

Oil Price Rally Vulnerable Amid Failure to Test March High

Oil Price Talking Points

The price of oil pulls back from a fresh monthly high ($66.76) despite a larger-than-expected contraction in US inventories, but signs of subdued supply may keep crude prices afloat as US output remains at its lowest level since 2018.

Advertisement Oil Price Rally Vulnerable Amid Failure to Test . . . → Read More: Oil Price Rally Vulnerable Amid Failure to Test March High

Breaking: Bank of England Tapers QE, GBP/USD Jumps

GBP/USD, BOE Price Analysis & News

BoE Tapers QE Purchases to GBP 3.4bln from 4.4bln, GBP Rises BoE Leaves Bank & APF Unchanged As Expected BoE Upgrades Growth, Inflation and Unemployment Forecasts

MONETARY POLICY: As widely expected the Bank of England maintained current monetary policy in a 9-0 vote with the interest . . . → Read More: Breaking: Bank of England Tapers QE, GBP/USD Jumps

USDTRY Drops as Turkey Keeps Rates Unchanged, Easing Cycle Expected to Begin Soon

Key Talking Points: Turkish Central Bank leaves rates on hold at 19% Rates to remain stable until inflation falls Markets still expect an easing cycle in the next few months

Turkey’s Central Bank has left rates unchanged at 19% for a second month in a row, as expected by many analysts. The CBRT . . . → Read More: USDTRY Drops as Turkey Keeps Rates Unchanged, Easing Cycle Expected to Begin Soon

Gold Price Latest – XAU/USD Trapped by Resistance, Will US NFPS Stoke a Move in US Treasury Yields?

Gold (XAU/USD) Analysis, Price and Chart US jobs report may provide tradeable clues for gold investors. Resistance needs a clean break for the next leg higher.

Gold has remained in a low volatility environment for the past few weeks with the last three weeks’ price action notable for a relatively tight range. The . . . → Read More: Gold Price Latest – XAU/USD Trapped by Resistance, Will US NFPS Stoke a Move in US Treasury Yields?

US Dollar Rattles at Resistance: EUR/USD, USD/CAD, USD/JPY

US Dollar, EUR/USD, USD/CAD, USD/JPY Talking Points: The US Dollar has found resistance it likes around the 91.33 Fibonacci level. Friday brings Non-Farm Payrolls and it appears that we’re in a ‘bad is good’ type of state, where negative data may spell less pressure on the higher rates theme. Advertisement

The US Dollar . . . → Read More: US Dollar Rattles at Resistance: EUR/USD, USD/CAD, USD/JPY

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

Canadian Dollar Talking Points

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), but looming developments in the Relative Strength Index (RSI) may indicate a further decline in the exchange rate if the oscillator breaks below 30 and pushes . . . → Read More: USD/CAD Defends April Low Ahead of US and Canada Employment Reports

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

US DOLLAR OUTLOOK: SOFT ECONOMIC DATA COULD KEEP FED TAPER TALKS AT BAY Advertisement

The Institute of Supply Management (ISM) just released monthly PMI data on the US services sector. According to the DailyFX Economic Calendar, the headline ISM Services Index came in at 62.7 for April. This is slightly below market forecasts . . . → Read More: US Dollar Muted Following Miss on ISM Services PMI, NFPs Eyed

Bank of England Preview: Will the BoE Taper QE?

GBP/USD Price Analysis & News

BoE Bank Rate and APF To Remain Unchanged Focus on Possible BoE Taper Announcement Upgrade in Economic Projections Expected

Overview

The Bank of England is expected to maintain policy settings with the bank rate left at 0.1% and APF at GBP 895bln. As such, given the . . . → Read More: Bank of England Preview: Will the BoE Taper QE?

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

Euro and British Pound (EUR/GBP) Price, News, and Analysis: EUR/GBP unable to break higher and now eyes a recent multi-week low. Thursday’s BoE announcement may see the UK bond-buying program slowed.

The latest Bank of England monetary policy announcement tomorrow (Thursday) at 12:00 BST, may well see the central bank discuss ways to . . . → Read More: EUR/GBP Price Analysis – Sliding Towards Important Support as BoE Policy Update Nears

USD/JPY Rate Recovery Removes Threat of Head-and-Shoulders Formation

Japanese Yen Talking Points

The recent advance in USD/JPY appears to be stalling as it struggles to extend the series of higher highs and lows following the Federal Reserve interest rate decision, but the recent recovery in the exchange rate removes the threat of a head-and-shoulders formation as it breaks above the left . . . → Read More: USD/JPY Rate Recovery Removes Threat of Head-and-Shoulders Formation

EUR/USD Price Forecast – The Argument for The Euro Bear

Euro (EUR/USD) – Weakness on the Horizon Eurozone in a double-dip recession. The lagging EU vaccination program will weigh on EUR/USD in the weeks ahead. In this article DailyFX Strategist Nick Cawley puts the case for EUR/USD weakness. DailyFX analyst Martin Essex argued earlier today that EUR/USD will strengthen.

The covid-19 pandemic continues . . . → Read More: EUR/USD Price Forecast – The Argument for The Euro Bear

Market Sentiment: Gold, Bitcoin and Ether in Focus | Webinar

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Market sentiment analysis: Trader confidence is evenly balanced at the moment, with the Indian coronavirus outbreak offsetting progress in Europe, where borders may soon be opened. That has left traders concentrating on assets such as gold, and cryptocurrencies like Bitcoin and Ether. Advertisement Traders turn to alternative assets

Traders . . . → Read More: Market Sentiment: Gold, Bitcoin and Ether in Focus | Webinar

GBP/USD Bulls At Risk From Macro Shock, JPY Short Covering – COT Report

US Dollar, EUR/USD, GBP/USD, COT Report –Analysis

USD Shorts Rise for Second Consecutive Week Nervy Test for GBP/USD Bulls JPY Short Covering Underpins Currency

GBP/USD Bulls At Risk From Macro Shock, JPY Short Covering – COT Report

In the reporting week to April 27th, sentiment in the US Dollar continued . . . → Read More: GBP/USD Bulls At Risk From Macro Shock, JPY Short Covering – COT Report

European Outlook: DAX 30 Breaking Down, EUR/USD Suffering From Rising Yields

Key Talking Points: DAX 30 unable to break above its recent range EUR/USD at risk of falling below 1.20 as rising yields underpin the US Dollar DAX 30 Levels

The German DAX managed to regain some bullish momentum in yesterday’s session. The selloff at the end of last week saw the index back . . . → Read More: European Outlook: DAX 30 Breaking Down, EUR/USD Suffering From Rising Yields

Gold Price Forecast: Gold Threatens Break, Bulls Nearing Control

Gold Price Talking Points: Gold prices have been in a bearish channel almost nine months now, following an aggressively bullish trend. Gold set its high on August 7th, and at the time Bitcoin was trading below $12k and Ethereum below $400. Have the anti-dollar tides changed for good, or was this a mere respite . . . → Read More: Gold Price Forecast: Gold Threatens Break, Bulls Nearing Control

USD/JPY Hits Session Low as ISM Manufacturing Misses Forecast

USD/JPY PRICE OUTLOOK: US DOLLAR EXTENDS PULLBACK ON ISM MANUFACTURING PMI MISS US Dollar under pressure as Monday’s trading session gets underway USD/JPY price action sliding to daily lows following softer PMI data ISM manufacturing was reported at 60.7 versus the 65.0 forecast

The US Dollar is hitting new session lows right now . . . → Read More: USD/JPY Hits Session Low as ISM Manufacturing Misses Forecast

Why Elon Musk Backs Copper? The Metal of the Future

2021 has witnessed a meteoric rise in copper prices as the metal gains traction after an expectant global economic recovery. The COVID-19 pandemic has given market participants time to reflect and analyse the future by which most avenues lead to or have some association with copper.

Versatility of Copper (Cu)

Copper has . . . → Read More: Why Elon Musk Backs Copper? The Metal of the Future

US Dollar Price Forecast: Sell-in May Dynamic Could Drive DXY Higher

US Dollar, DXY, Non-Farm Payrolls, ISM PMIs, Sell-In May – Talking Points: The haven-associated US Dollar may continue to gain ground on seasonal dynamics and robust economic data. Bullish Falling Wedge break hints at further gains for the US Dollar Index (DXY). Advertisement Asia-Pacific Recap

Equity markets slipped lower during Asia-Pacific trade, as . . . → Read More: US Dollar Price Forecast: Sell-in May Dynamic Could Drive DXY Higher

Crude Oil Prices Consolidate as Demand from Japan and India Falls

CRUDE OIL PRICE OUTLOOK:

Crude oil prices fell slightly on Monday amid sour sentiment and a stronger US Dollar Weaker Japanese crude import data and gasoline sales in India weighed on the energy demand outlook Investors awaited US ISM manufacturing PMI and Wednesday’s API report

WTI traded slightly lower during the APAC . . . → Read More: Crude Oil Prices Consolidate as Demand from Japan and India Falls

Markets Week Ahead: US Dollar, Dow Jones, Gold, British Pound, BoE and Scottish Election

Market sentiment struggled this past week, with most benchmark stock indices ending in the red. On Wall Street, the Dow Jones and tech-heavy Nasdaq Composite closed -0.53% and -0.32% respectively. In the Asia-Pacific region, the Nikkei 225 and Hang Seng declined 1.29% and 1.22% respectively. An exception was in the UK, where the . . . → Read More: Markets Week Ahead: US Dollar, Dow Jones, Gold, British Pound, BoE and Scottish Election

Dow Jones, Nasdaq 100, S&P 500, DAX 30 Forecasts for the Week Ahead

Dow Jones, Nasdaq 100, S&P 500, DAX 30 Forecasts: Neutral Advertisement Dow Jones, Nasdaq 100 andS&P 500 Forecasts for the Week Ahead

The Dow Jones, Nasdaq 100 and S&P 500 enjoyed considerable gains in the month of April as the three indices climbed roughly 2.5%, 5.4% and 5.2% respectively. Built atop sound economic . . . → Read More: Dow Jones, Nasdaq 100, S&P 500, DAX 30 Forecasts for the Week Ahead

Mexican Peso Weekly Forecast: USD/MXN Underpinned by Rising Yields

USD/MXN Forecast: Neutral Advertisement

The Mexican Peso looks seems to be taking its time in its attempt to push higher, despite improving fundamentals. The Mexican currency has lost ground against the Euro and the US Dollar this week, with the move higher in USDMXN and EURMXN partly underpinned by a rise in bond . . . → Read More: Mexican Peso Weekly Forecast: USD/MXN Underpinned by Rising Yields

Australian Dollar Forecast: Dow Jones May Support AUD, Dovish RBA Poses a Risk

Australian Dollar Fundamental Forecast: Neutral Australian Dollar gains against USD but remains flat since January Dovish RBA policy expectations offsetting impact of rosy stock market Dow Jones may flag risk-on AUD support, offsetting local CPI data

The sentiment-linked Australian Dollar aimed cautiously higher this past week. But on the whole, it remains unchanged . . . → Read More: Australian Dollar Forecast: Dow Jones May Support AUD, Dovish RBA Poses a Risk

Euro Forecast: EUR/USD Price Outlook Still Positive, 1.22 in Traders' Sights

Fundamental Euro Forecast: Bullish Clear signs that the global economy is recovering strongly could give a further boost to EUR/USD in the days ahead as more investors move out of safe-haven assets such as the US Dollar and into “risk-on” assets including the Euro. The first target for the bulls is the 1.22 round . . . → Read More: Euro Forecast: EUR/USD Price Outlook Still Positive, 1.22 in Traders' Sights

Why Most Traders Fail and How to Increase Trading Success

What is the Number One Mistake Traders Make?

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.

There are certain patterns which may separate profitable traders from those who ultimately lose money. . . . → Read More: Why Most Traders Fail and How to Increase Trading Success

Weekly Fundamental US Dollar Forecast: Rise in US Treasury Yields May Not Help Greenback; April NFP Due

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Fundamental Forecast for the US Dollar: Neutral The drop in the US Dollar has occurred even as US Treasury yields have stabilized (if not turned higher), suggesting that rising inflation expectations – not real US yields – are behind the move, which has historically been bad for the greenback. The main . . . → Read More: Weekly Fundamental US Dollar Forecast: Rise in US Treasury Yields May Not Help Greenback; April NFP Due

Ethereum (ETH) Hits a Fresh Record High, Bitcoin Cash (BCH) and Ripple (XRP) Rallying Hard

Ethereum (ETH/USD) and Alt-Coins Price, Analysis and Chart: Cryptocurrency rally continues, Ethereum (ETH) leads the way. Bitcoin Cash (BCH) surging, back in the spotlight. Ripple (XRP) hitting double-digit gains.

Ethereum (ETH), the second-largest cryptocurrency by market cap, continues to print new highs and is up nearly 25% over the last seven days. The . . . → Read More: Ethereum (ETH) Hits a Fresh Record High, Bitcoin Cash (BCH) and Ripple (XRP) Rallying Hard

Berkshire Hathaway Annual Meeting: Why Investors Will Care but Meme Traders Won't

Berkshire Hathaway Meeting Talking Points: Berkshire Hathaway shares sit at record highs prior to the company’s annual shareholder meeting Warren Buffett will be the center of attention, after making many bold moves in the market last year Meme stock investors will most likely disregard the insight from the “Woodstock for value investors” Advertisement

. . . → Read More: Berkshire Hathaway Annual Meeting: Why Investors Will Care but Meme Traders Won't

7 Meme Stocks Driving Markets & Making a Mark

Meme Stocks Talking Points “Meme stocks” are instruments that retail traders support beyond their fundamental underpinnings. Some are nostalgia-triggering companies past their prime. Others capitalize on industry disruptions, such as cryptocurrencies; all, at some point, have shown momentum. Over the next seven pages we’ll dig into some of the more common or popular Meme . . . → Read More: 7 Meme Stocks Driving Markets & Making a Mark

7 Meme Stocks Shaking Up Earnings Season

Meme Stocks Talking Points “Meme stocks” are instruments that retail traders support beyond their fundamental underpinnings. Some are nostalgia-triggering companies past their prime. Others capitalize on industry disruptions, such as cryptocurrencies; all, at some point, have shown momentum. Over the next seven pages we’ll dig into some of the more common or popular Meme . . . → Read More: 7 Meme Stocks Shaking Up Earnings Season

Tesla (TSLA): The Market Darling of Tech, ESG and Meme Themes

Tesla (TSLA) Talking Points: Tesla is commonly associated with Technoking (actual title at the company) Elon Musk. The company has been at the forefront of Electronic vehicles and this has driven the stock price to extremely strong valuations. The 2020/2021 market mania helped to drive Tesla as one of the most valuable companies on . . . → Read More: Tesla (TSLA): The Market Darling of Tech, ESG and Meme Themes

MicroStrategy (MSTR) at the Forefront of Bitcoin, Crypto and Memes

MicroStrategy (MSTR) Talking Points: MicroStrategy has made a big push into Bitcoin, becoming one of the first companies to make such as splash in cryptocurrencies. Because MicroStrategy is publicly traded and Bitcoin is unavailable in equity markets (at least for now), MicroStrategy became one of the first ways that stock market participants could speculate . . . → Read More: MicroStrategy (MSTR) at the Forefront of Bitcoin, Crypto and Memes

GBP/USD Weekly Forecast: Scottish Election Risk & BoE QE Taper, GBP Volatility Ahead

GBP/USDFUNDAMENTAL HIGHLIGHTS:

GBP Seasonality is Weak in May Will the SNP Secure a Majority, Scottish IndyRef2 is a Tail Risk BoE May Announce QE Taper

Once again the Pound has seen modest gains in April, sticking to the seasonal script. Although, as we close out the week and look ahead to next . . . → Read More: GBP/USD Weekly Forecast: Scottish Election Risk & BoE QE Taper, GBP Volatility Ahead

Grayscale Bitcoin Trust (GBTC): An Alternative for Bitcoin Exposure?

Grayscale Bitcoin Trust (GBTC) Talking Points: GBTC is traded on the OTC market and invests in Bitcoin and other crypto-related assets. The company advertises itself as a way to speculate on Bitcoin without purchasing the currency directly. Advertisement

Another popular Bitcoin-related investment is the Grayscale Bitcoin Trust (GBTC). GBTC is traded on the . . . → Read More: Grayscale Bitcoin Trust (GBTC): An Alternative for Bitcoin Exposure?

USD/CAD Rate Eyes January 2018 Low as RSI Flirts with Oversold Zone

Canadian Dollar Talking Points

USD/CAD trades to a fresh yearly low (1.2281) as the Federal Reserve retains a dovish forward guidance for monetary policy, and the exchange rate appears to be on track to test the January 2018 low (1.2247) as the Relative Strength Index (RSI) flirts with oversold territory.

Advertisement USD/CAD Rate . . . → Read More: USD/CAD Rate Eyes January 2018 Low as RSI Flirts with Oversold Zone

Muted Reaction From Markets As US Q1 GDP Prints At 6.4%

GDP, Jobless Claims, PCE Talking Points: US Q1 GDP printed at 6.4% versus a forecast of 6.1%. PCE (Personal Consumption Expenditure) numbers rose and jobless claims printed near their forecasts. The US Dollar and Treasury yields rotated lower in the immediate aftermath of the print. Advertisement MUTED REACTION FROM MARKETS AS US Q1 GDP . . . → Read More: Muted Reaction From Markets As US Q1 GDP Prints At 6.4%

Crude Oil Prices Soars, $70 in Focus as Oil Demand Outlook Strengthens

Crude Oil Price Analysis & News

Crude Oil Soars as $70 Comes Into Focus JMMC Show Signs of Confidence in Oil Outlook Despite India virus cases

A strong week thus far for oil prices as Brent hits $68/bbl, rising over 3% on the week. The recent JMMC meeting had been encouraging for . . . → Read More: Crude Oil Prices Soars, $70 in Focus as Oil Demand Outlook Strengthens

Euro Outlook – Q1 GDP Releases Hold the Key for the Next Move in EUR/USD

Euro (EUR/USD) Price, News, and Analysis: Eurozone economic and industrial sentiment beat expectations in April. EUR/USD mired around 1.2120 as US and EU Q1 GDP prints near.

The latest Eurozone consumer and business confidence indicators surprised to the upside today suggesting renewed optimism within the block, despite the ongoing partial lockdowns. The vaccination . . . → Read More: Euro Outlook – Q1 GDP Releases Hold the Key for the Next Move in EUR/USD

GBP Q2 2021 Fundamental Forecast

Fundamental Analysis: Vaccination Program Provides Real Hope for the Future

The first quarter of 2021 turned out along the lines of our Q1 report. The British Pound rallied towards GBP/USD 1.4200, slightly higher than our expectations, before dropping back to 1.3700. In mirror, EURG/GBP hit a low of 0.8535, just below our . . . → Read More: GBP Q2 2021 Fundamental Forecast

How Central Banks Impact the Forex Market

The role of central banks in the forex market

Central banks are mainly responsible for maintaining inflation in the interest of sustainable economic growth while contributing to the overall stability of the financial system. When central banks deem it necessary they will intervene in financial markets in line with the defined “Monetary . . . → Read More: How Central Banks Impact the Forex Market

The Federal Reserve Bank: A Forex Trader’s Guide

The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Find out about the history of the Fed, its influence on USD and how to trade Fed monetary policy . . . → Read More: The Federal Reserve Bank: A Forex Trader’s Guide

USD/JPY Rate Tracks US Treasury Yields Ahead of FOMC Rate Decision

Japanese Yen Talking Points

USD/JPY carves a series of higher highs and lows ahead of the Federal Reserve interest rate decision as the 10-Year US Treasury yield climbs to a fresh weekly high (1.65%), and the exchange rate may continue to retrace the decline from earlier this month if the central bank adopts . . . → Read More: USD/JPY Rate Tracks US Treasury Yields Ahead of FOMC Rate Decision

US Dollar Price Action Set Up for FOMC: EUR/USD, AUD/USD Levels

USD, Fed Price Analysis & News

Fed In Focus But Don’t Expect Fireworks Pre-FOMC Positioning May be Unwound on Fed Sticking to Script

Today’s focus will be largely placed on the upcoming FOMC meeting. Although, with no updates to economic projections (due in June), expectations are for the Fed to maintain its . . . → Read More: US Dollar Price Action Set Up for FOMC: EUR/USD, AUD/USD Levels

Bitcoin (BTC/USD) Recovery Continues, Ethereum (ETH/USD) Cracks a New All-Time High

Bitcoin (BTC/USD), Ethereum (ETH/USD) Price, Analysis and Chart: Bitcoin continues to pare recent losses. Bitcoin dominance below 50%. ETH/USD spread at a near three-year high.

The cryptocurrency market continues to make inroads into recent losses with some coins, notably Ethereum, outperforming Bitcoin as the market moves higher across the board. The recent sharp . . . → Read More: Bitcoin (BTC/USD) Recovery Continues, Ethereum (ETH/USD) Cracks a New All-Time High

WTI Crude Oil Price Outlook: Oil Builds Bull Pennant Ahead of FOMC

WTI Crude Oil Talking Points Crude oil prices put in a strong trend from November to March, jumping by more than 99% from low to high. Oil prices broke above a big long-term trendline in March, and shorter-term price action has built into a bull pennant formation. The analysis contained in article relies on . . . → Read More: WTI Crude Oil Price Outlook: Oil Builds Bull Pennant Ahead of FOMC

EUR/USD Breaks Out of Descending Channel Ahead of Fed Rate Decision

EUR/USD Rate Talking Points

EUR/USD clears the March high (1.2113) as it breaks out of the descending channel from earlier this year, and the Federal Reserve interest rate decision may do little to derail the recent advance in the exchange rate as the central bank is expected to retain the current course for . . . → Read More: EUR/USD Breaks Out of Descending Channel Ahead of Fed Rate Decision

Copper Bullish Continuation: Q2 Top Trading Opportunities

Copper Set Up for Bullish Continuation Advertisement

Copper has witnessed phenomenal price appreciation since March 2020 when the pandemic surged, resulting in worldwide lockdowns. The metal has been supported by unprecedented monetary policy, ultra-low interest rates and more importantly, low or negative real yields.

Such an environment makes non-interest yielding investments . . . → Read More: Copper Bullish Continuation: Q2 Top Trading Opportunities

April Consumer Confidence Hits Highest Level Since February 2020

Consumer Confidence and USD/JPY Talking Points: Consumer Confidence printed at 121.7 vs. forecast of 113. Index printed at highest level since February 2020 as economic conditions improve. USDJPY is making an attempt higher after falling to multi-week lows. Advertisement April Consumer Confidence Hits Highest Level Since February 2020

The Conference Board’s Consumer Confidence . . . → Read More: April Consumer Confidence Hits Highest Level Since February 2020

Market Sentiment in Neutral Ahead of FOMC Meeting | Webinar

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Market sentiment analysis: Trader confidence is high on Wall Street, where the main stock indexes remain at or close to their record highs. However, other markets are more subdued ahead of Wednesday’s US monetary policy announcement by the FOMC. It won’t be making any changes but there will still be . . . → Read More: Market Sentiment in Neutral Ahead of FOMC Meeting | Webinar

Euro Stoxx 50 Trades At 13 Year High as Bund Yields Consolidate Near Pandemic Highs

Euro Stoxx 50, German Bunds Talking Points: EU Stoxx 50 is trading around the 4,000 level, it’s highest point since early 2008. German 10yr Bund yields are currently around -0.25%, near pandemic highs. Eurozone and German economies continue to face challenges from the pandemic. Advertisement Euro Stoxx 50 Trades At 13 Year High as . . . → Read More: Euro Stoxx 50 Trades At 13 Year High as Bund Yields Consolidate Near Pandemic Highs

USD/CAD Rate Forecast: March Low on Radar Amid Search for Support

Canadian Dollar Talking Points

USD/CAD trades to a fresh monthly low after failing to retrace the decline following the Bank of Canada (BoC) meeting, and the March low (1.2365) sits on the radar ahead of the Federal Reserve interest rate decision as the exchange rate searches for support.

Advertisement USD/CAD Rate Forecast: March . . . → Read More: USD/CAD Rate Forecast: March Low on Radar Amid Search for Support

British Pound (GBP) Outlook – Positve Sentiment Pushing GBP/USD Higher

British Pound (GBP) Price Outlook BoE dep gov Broadbent sees ‘very rapid growth over the next couple of quarters’. UK vaccination program ploughing ahead.

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How to Trade GBP/USD

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The deputy governor of the Bank of England, Bill Broadbent, said . . . → Read More: British Pound (GBP) Outlook – Positve Sentiment Pushing GBP/USD Higher

Euro Outlook – EUR/USD Mixed as German Ifo Misses Market Expectations

Euro (EUR/USD) Price, News, and Analysis: German Ifo misses market expectations. EUR/USD remains on either side of 1.2100.

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How to Trade EUR/USD

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Sentiment among German business managers drifted marginally lower in April, after a robust reading in March. According . . . → Read More: Euro Outlook – EUR/USD Mixed as German Ifo Misses Market Expectations

European Morning Forecast: DAX 30 Rally in Question, EUR/USD Swinging Higher

Key Talking Points: DAX 30 faces renewed resistance at the 15,290 area ERU/USD bulls keep momentum going

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DAX 30 Levels

The slight correction we saw last week in the DAX 30 has been . . . → Read More: European Morning Forecast: DAX 30 Rally in Question, EUR/USD Swinging Higher

Markets Week Ahead: EUR/USD, Nasdaq, Gold, Fed, Earnings, GDP & Inflation

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Markets were choppy for the most part this past week. Major stock indices traded broadly sideways as did gold and crude oil prices, though currency volatility seemed to pick up quite a bit. The Nasdaq and S&P 500 Index were little changed on balance despite reports that US President Joe Biden . . . → Read More: Markets Week Ahead: EUR/USD, Nasdaq, Gold, Fed, Earnings, GDP & Inflation

S&P 500 Forecast: Will Strong Earnings Shelter Stocks from Tax-Motivated Selling?

S&P 500 FUNDAMENTALFORECAST: BULLISH US indices retreated from their record highs into the weekend as tax hike proposals dented sentiment Strong earnings and upbeat economic data may cushion the downside, with investors eyeing FAANG results next week The S&P 500 index is trading at a 32.0 price-to-earnings (P/E) ratio, far above its five-year mean . . . → Read More: S&P 500 Forecast: Will Strong Earnings Shelter Stocks from Tax-Motivated Selling?

Mexican Peso Weekly Forecast: USD/MXN Bears Remain in Control

USD/MXN Forecast: Bearish Advertisement

The Mexican Peso looks set to resume its bullish trend next week after struggling to break key levels against currencies like the US Dollar and the Euro. A resurgence in Covid-19 cases in some parts of the world has left risk-assets slightly unsupported this past week, with USD/MXN creeping . . . → Read More: Mexican Peso Weekly Forecast: USD/MXN Bears Remain in Control

Euro Forecast: EUR/USD Outlook Still Constructive After Break Above 1.20

Fundamental Euro Forecast: Neutral Near-term, EUR/USD will likely pause for breath after breaching the 1.20 level last week for the first time since March 4. After that, however, further strength is possible, with the February 25 high at 1.2243 still a sensible longer-term target. In the meantime, the end of the coming week is . . . → Read More: Euro Forecast: EUR/USD Outlook Still Constructive After Break Above 1.20

Gold Price Outlook Hinges on FOMC as US 10 Year Yield Defends April Low

Gold Talking Points

The price of gold pulls back from a fresh monthly high ($1798) as the 10-Year US Treasury yield defends the April low (1.53%), but the Federal Reserve interest rate decision may keep gold prices afloat as the central bank relies on its non-standard tools to achieve its policy targets.

. . . → Read More: Gold Price Outlook Hinges on FOMC as US 10 Year Yield Defends April Low

US Dollar Forecast: Fed in Focus Amid Corporate and Capital Gains Tax Hike Bets

US Dollar Fundamental Forecast: Neutral US Dollar continues to slowly slide alongside Treasury rates US corporate & capital gains tax hikes may cool bond markets All eyes on Federal Reserve, GDP data and busy earnings week

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How to Trade FX with Your Stock Trading Strategy . . . → Read More: US Dollar Forecast: Fed in Focus Amid Corporate and Capital Gains Tax Hike Bets

Bitcoin (BTC), Ethereum (ETH) Crumble, Alt-Coins Hammered – Will Buyers Step Back In Again?

Bitcoin (BTC/USD), Ethereum (ETH/USD), and Alt-Coins Price, Analysis and Chart: Cryptocurrencies slump – US capital gains tax fears cited. Turkish cryptocurrency exchange Thodex crashes, clients unable to access assets. Fourth double-digit sell-off this year – volatility is back with a bang.

Recommended by Nick Cawley

Get Your Free Introduction . . . → Read More: Bitcoin (BTC), Ethereum (ETH) Crumble, Alt-Coins Hammered – Will Buyers Step Back In Again?

Australian Dollar Forecast: AUD/USD Eyes Inflation, Risk Trends

AUSTRALIAN DOLLAR WEEKLY FUNDAMENTAL FORECAST – BULLISH Advertisement

AUD/USD price action has drifted broadly sideways over the last month or so. The Australian Dollar looks like it has started to perk up a bit more recently, however, as Aussie bulls attempt to regain lost ground and capitalize on US Dollar weakness. This may . . . → Read More: Australian Dollar Forecast: AUD/USD Eyes Inflation, Risk Trends

EUR/USD Rate Outlook Mired by Failed Attempts to Test March High

EUR/USD Rate Talking Points

EUR/USD appears to be stuck in a narrow range as the European Central Bank (ECB) retains the current course for monetary policy, but the failed attempt to test the March high (1.2113) may push the exchange rate back within the descending channel from earlier this year as the Governing . . . → Read More: EUR/USD Rate Outlook Mired by Failed Attempts to Test March High

EUR/USD on Defense as US Dollar Firms Following Strong PMI Data

US DOLLAR OUTLOOK: EUR/USD STRENGTH STALLS FOLLOWING LATEST PMI REPORT EUR/USD price action advancing as Bund to Treasury yield spreads turn higher US Dollar under pressure despite better-than-expected PMI data just released Check out the DailyFX Education Center or read up on how to trade the news

Markets are digesting the latest round . . . → Read More: EUR/USD on Defense as US Dollar Firms Following Strong PMI Data

Australian Dollar Forecast: Key AUD/USD, AUD/JPY Levels to Watch

Australian Dollar Analysis and Talking Points

AUD/USD: Indecision for the Australian Dollar, which has traded within a relatively tight 0.7700-0.7820 range. AUD/USD continues to receive good demand from the 0.77 handle, which also coincides with the 100DMA. On the flip side, bears have looked to engage at 0.7800-20, therefore keeping the market . . . → Read More: Australian Dollar Forecast: Key AUD/USD, AUD/JPY Levels to Watch

British Pound (GBP) – Positive UK Data Releases Should Stem Any Further GBP/USD Declines

British Pound (GBP) Price Outlook Positive Retail sales and PMI releases. GBP/USD may nudge higher ahead of US data releases.

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Data released earlier in the session should help to boost the value of the British . . . → Read More: British Pound (GBP) – Positive UK Data Releases Should Stem Any Further GBP/USD Declines

Bitcoin, Ethereum Collapse on Biden Tax Plan

Key Talking Points: Biden’s proposed tax hike sees investors unload profitable assets Bitcoin intensifies losses, falls below $50,000

A proposed hike in capital gains tax by President Biden seems to be making investors jitterish about digital coins, causing Bitcoin to fall below the $50,000 mark for the first time since March, whilst other . . . → Read More: Bitcoin, Ethereum Collapse on Biden Tax Plan

Euro Price Forecast: EUR/USD Aiming Higher on Easing Covid-19 Restrictions

Euro Price Outlook, EUR/USD, Easing Restrictions, Coronavirus Vaccinations, IGCS – Talking Points: Easing coronavirus restrictions in several European nations may underpin the Euro in the near term. EUR/USD rates eyeing an extended push higher after clearing key resistance.

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Start . . . → Read More: Euro Price Forecast: EUR/USD Aiming Higher on Easing Covid-19 Restrictions

Gold Prices Pause Rally as India's Covid Infections Surge, US Jobless Claims Fall

GOLD PRICE OUTLOOK: Gold prices paused a rally after India reported a record number of daily coronavirus infections Reduced demand for gold from India may be offset by rising Chinese imports US jobless claims came lower-than-expected, denting the appeal of gold as a safe haven

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. . . → Read More: Gold Prices Pause Rally as India's Covid Infections Surge, US Jobless Claims Fall

USD/CAD Slips Back Below 50-Day SMA as BoC Slows Pace of QE Program

Canadian Dollar Talking Points

USD/CAD bounces back from a fresh monthly low (1.2460) in an attempt to retrace the decline following the Bank of Canada (BoC) interest rate decision, but failure to preserve the opening range for April may push the exchange rate towards the March low (1.2365) as the central bank tapers . . . → Read More: USD/CAD Slips Back Below 50-Day SMA as BoC Slows Pace of QE Program

Breaking: ECB Announcement Unchanged, EUR/USD Muted

EUR/USD, ECB Price Analysis & News

ECB Leave Monetary Policy and Accompanying Statement Unchanged Euro Unchanged Following Announcement

ECB Copy and Paste as Policy and Statement are Left Unchanged

As widely expected the ECB left monetary policy settings unchanged with the accompanying statement also a copy and paste from the . . . → Read More: Breaking: ECB Announcement Unchanged, EUR/USD Muted

Bitcoin (BTC/USD) Slide Resumes, Ethereum (ETH/USD) Continues to Outperform

Bitcoin (BTC/USD), Ethereum (ETH/USD) Price, Analysis and Chart: Bitcoin is trading lower but its chart remains positive, just. Ethereum continues to close the gap on Bitcoin.

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A heavy sell-off on Sunday has . . . → Read More: Bitcoin (BTC/USD) Slide Resumes, Ethereum (ETH/USD) Continues to Outperform

Euro Latest: EUR/USD, EUR/GBP Price Action Set-Up for ECB

EUR/USD, EUR/GBP Price Analysis & News

ECB Unlikely to Provide a Surprise EUR/USD Supported on Dips to 1.20 EUR/GBP Recovering From Last Week’s Reversal

EUR/USD: Today’s ECB meeting is unlikely to stir much in the way of volatility as implied vols signal a breakeven (implied move) of 44pips. Since the last meeting, . . . → Read More: Euro Latest: EUR/USD, EUR/GBP Price Action Set-Up for ECB

Silver Price Forecast: XAG/USD Breakout Stalls at Key Resistance

Key Talking Points: Rising infection rates and possible monetary policy divergences see Silver spike higher XAG/USD rejected at key resistance

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Silver prices are battling a key resistance after rising more than 2.5% in yesterday’s . . . → Read More: Silver Price Forecast: XAG/USD Breakout Stalls at Key Resistance

EUR/USD Fails to Test March High as ECB Boosts PEPP for Second Week

EUR/USD Rate Talking Points

EUR/USD pulls back from a fresh monthly high (1.2080) as the European Central Bank (ECB) boosts the pace of the pandemic emergency purchase programme (PEPP) for the second consecutive week, and the April interest rate decision may keep the exchange rate under pressure if the Governing Council shows a . . . → Read More: EUR/USD Fails to Test March High as ECB Boosts PEPP for Second Week

CHF/JPY Struggles to Break Resistance Around 118.60, What’s Next?

CHF/JPY Talking Points: CHF/JPY hit a multi-year high around 118.80 in mid-February. The pair has been struggling to reclaim this level and has continually met support around 118.60 recently. The 118.60 level marked a high in both 2017 and 2018. Advertisement CHF/JPY Struggles to Break Resistance Around 118.60, What’s Next?

CHF/JPY hit its . . . → Read More: CHF/JPY Struggles to Break Resistance Around 118.60, What’s Next?

Canadian Dollar (CAD) Spikes as Bank of Canada (BoC) Tapers QE

CAD Price Analysis & News

Canadian Dollar Spikes on Hawkish BoC QE Tapered Inflation Seen at Target in H2 2022

QE TAPER: The Bank of Canada left the overnight rate unchanged as expected. However, more importantly, the BoC tapered its QE purchases to C$ 3bln/week from the prior of C$ 4bln. Now . . . → Read More: Canadian Dollar (CAD) Spikes as Bank of Canada (BoC) Tapers QE

Euro Technical Analysis: EUR/CHF, EUR/NOK, EUR/SEK Rates Outlook

Advertisement Euro Outlook: With EUR/USD rising again, several of the EUR-crosses have seen price action turn higher over the course of the week. EUR/CHF rates may be suggesting a better environment for risk appetite, while EUR/NOK and EUR/SEK rates’ price action still suggests deeper setbacks are possible. According to the IG Client Sentiment . . . → Read More: Euro Technical Analysis: EUR/CHF, EUR/NOK, EUR/SEK Rates Outlook

Gold Price Outlook – Rally Aided by Positive Moving Average Crossover

Gold (XAU/USD) Analysis, Price and Chart Gold eyes $1,800/oz. Retail sentiment is mixed despite traders being heavily long of gold.

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Gold is continuing to press higher and is now around $100/oz. higher than the . . . → Read More: Gold Price Outlook – Rally Aided by Positive Moving Average Crossover

NZD/USD Attempts to Negate Head-and-Shoulders Pattern Ahead of NZ CPI

New Zealand Dollar Talking Points

NZD/USD trades to a fresh monthly high (0.7230) ahead of the update to New Zealand’s Consumer Price Index (CPI), with the exchange rate on track to negate the head-and-shoulders formation from earlier this year as it approaches the March high (0.7307).

Advertisement NZD/USD Attempts to Negate Head-and-Shoulders Pattern . . . → Read More: NZD/USD Attempts to Negate Head-and-Shoulders Pattern Ahead of NZ CPI

Market Sentiment Webinar: Bitcoin, Ethereum, Dogecoin and Gold in Focus

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Market sentiment analysis: Trader confidence in Bitcoin, Ethereum and Gold remains largely undented by recent price falls and their longer-term trends higher remain intact. Even Dogecoin is off its highs but sentiment remains very positive towards it. Advertisement Trader sentiment still positive towards digital currencies

Traders remain positive towards . . . → Read More: Market Sentiment Webinar: Bitcoin, Ethereum, Dogecoin and Gold in Focus

US Dollar in Neutral, GBP/USD The Largest Bull Bet – COT Report

US Dollar, EUR/USD, GBP/USD, COT Report –Analysis

USD Contrarian Properties Fade as Short Squeeze Stabilises GBP/USD Remains the Largest Bull Bet Overall Positioning Changes Muted

US Dollar in Neutral, GBP/USD The Largest Bull Bet – COT Report

In the latest CFTC reporting week, the USD short squeeze had begun to . . . → Read More: US Dollar in Neutral, GBP/USD The Largest Bull Bet – COT Report

Will Dogeday see Dogecoin explode to $1?, Bitcoin, Ethereum Crushed

Key Talking Points: Coinbase listing leaves cryptos struggling to find upside #Dogeday takes center-stage as investors aim to get Dogecoin to $1

The listing of Coinbase on the Nasdaq last week was a pivotal moment for cryptocurrencies. This has placed the largest crypto exchange on the same level as many plain vanilla exchanges . . . → Read More: Will Dogeday see Dogecoin explode to $1?, Bitcoin, Ethereum Crushed

Euro Outlook – EUR/USD Breakout But Sustained Rally May Prove Difficult

Euro (EUR/USD) Price, News, and Analysis: EUR/USD hits a six-week high. 10-year US Treasury-Bund yield spread narrows.

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EUR/USD finally broke above 1.2000 yesterday with conviction and the move may see the pair set up a . . . → Read More: Euro Outlook – EUR/USD Breakout But Sustained Rally May Prove Difficult

USD/CAD Outlook Hinges on Bank of Canada (BoC) Forward Guidance

Canadian Dollar Talking Points

USD/CAD trades to a fresh monthly low (1.2471) following the failed attempt to push back above the 50-Day SMA (1.2585), but the Bank of Canada (BoC) interest rate decision may keep the exchange rate within the March range as the central bank is widely expected to retain the current . . . → Read More: USD/CAD Outlook Hinges on Bank of Canada (BoC) Forward Guidance

Markets Week Ahead: Dow Jones, Gold, EUR/USD, ECB, USD/CAD, BoC, Treasury Yields

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Most global equities ended this past week on an upbeat. On Wall Street, the Dow Jones, S&P 500 and Nasdaq Composite all rallied over 1%. Equities in Europe outperformed, the DAX 30 and FTSE . . . → Read More: Markets Week Ahead: Dow Jones, Gold, EUR/USD, ECB, USD/CAD, BoC, Treasury Yields

FTSE 100 Update: FTSE Surpasses 7000, Rising 40% From 2020 Low

FTSE 100 Analysis: The FTSE 100 index surpasses 7000 landmark for the first time since Feb 2020 Ocado Group is strong out of the gate after £10m investment in Oxbotica IG Client Sentiment nearing 50/50 split providing mixed trading environment Advertisement FTSE 100 Continues Bullish Run above ‘milestone’ 7000 mark

The FTSE 100 . . . → Read More: FTSE 100 Update: FTSE Surpasses 7000, Rising 40% From 2020 Low

EUR/USD Breaks Above 1.20 as US Dollar Losses Intensify, DAX 30 Keeps Record Highs

Key Talking Points: DAX 30 breaks out of tight range EUR/USD picks up pace on the back of USD weakness

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US and European stocks continue to push to record highs boosted by stronger . . . → Read More: EUR/USD Breaks Above 1.20 as US Dollar Losses Intensify, DAX 30 Keeps Record Highs

British Pound (GBP) – Positive Outlook Pushing GBP/USD Higher, Extending Last Week's Gains

British Pound (GBP) Price Outlook GBP/USD continues last week’s rally. EUR/GBP drifting back to 0.8600.

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A mildly positive start to the week for the British Pound as it extends last week’s rally. The partial re-opening . . . → Read More: British Pound (GBP) – Positive Outlook Pushing GBP/USD Higher, Extending Last Week's Gains

Dow Jones May Aim Higher, Backed by Earnings and Robust Data

DOW JONES FUNDAMENTALFORECAST: BULLISH Major US indices extended higher into the end of the week, buoyed by strong bank earnings Fiscal stimulus, vaccine rollouts and strong economic data may continue to support stocks The Dow Jones index is trading at a 26.9 price-to-earnings (P/E) ratio, falling from 29.1 seen three weeks ago

. . . → Read More: Dow Jones May Aim Higher, Backed by Earnings and Robust Data

Introduction to Basic Trendline Analysis

In this series we will piece together the anatomy of a swing trade and discuss the tools along with the methodology used to construct a basic trade setup. While no one single strategy is perfect, these best practices can be utilized in conjunction with your own trading strategy to identify more favorable entry . . . → Read More: Introduction to Basic Trendline Analysis

Euro Forecast: EUR/USD Outlook Improves, What to Expect From ECB Meeting

Fundamental Euro Forecast: Bullish The advance in EUR/USD so far this month will likely extend further, with the February 25 high at 1.2243 a possible longer-term target if there’s a sustained break of 1.20. ECB President Christine Lagarde is expected to be dovish at this week’s meeting of the central bank’s policy-setting Governing Council . . . → Read More: Euro Forecast: EUR/USD Outlook Improves, What to Expect From ECB Meeting

Gold Weekly Forecast: More Upside Likely – Can it Be Sustained?

Key Talking Points: Gold has managed to keep bullish momentum as yields fall XAU/USD key levels to watch

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GOLD TAKES ADVANTAGE OF WEAKER YIELDS

After a rather dull start to the week, gold has . . . → Read More: Gold Weekly Forecast: More Upside Likely – Can it Be Sustained?

Trading Earnings Season: 3 Steps for Using Earnings Reports

Earnings season can be a great time for a trader to get insight on their equity investments, as well as benefit from short-term volatility. But in order to maximize this trading opportunity, there are some key considerations to make before diving in. Read on for our three steps to follow when using earnings . . . → Read More: Trading Earnings Season: 3 Steps for Using Earnings Reports

US Dollar Outlook Mired by Fall in Longer-Dated US Treasury Yields

US Dollar Talking Points

The US Dollar Index (DXY) has been stuck under the 200-Day SMA (92.21) as the 10-Year Treasury yield slips to a fresh monthly low (1.53%), and recent market dynamics may keep the Greenback under pressure as the economic docket remains fairly light ahead of the Federal interest rate decision . . . → Read More: US Dollar Outlook Mired by Fall in Longer-Dated US Treasury Yields

The Most Volatile Currency Pairs and How to Trade Them

FX markets are susceptible to a range of factors which affect their volatility, and many traders look to tailor their strategies to capitalize on the most volatile currency pairs.

Currency volatility, often measured by calculating the standard deviation or variance of currency price movements, gives traders an idea of how much . . . → Read More: The Most Volatile Currency Pairs and How to Trade Them