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European Equities Technical Outlook: DAX 30, IBEX 35

Talking Points: Equities attempt to gather bullish momentum despite growing inflation concerns Key levels to watch out for in the DAX 30 and IBEX 35

Despite the ongoing concerns about inflation, equities are determined to end the week on a positive note. Yesterday’s US PPI data showed an impressive 6.2% jump in factory . . . → Read More: European Equities Technical Outlook: DAX 30, IBEX 35

Shiba Inu: ‘Dogecoin Killer’ Slayed after Tesla Bitcoin Ban

Bitcoin, Shiba Inu, Dogecoin Talking Points: Elon Musk remains a key catalyst of crypto volatility, illustrated again over the past week Shiba Inu, the ‘Dogecoin killer’ slayed in Bitcoin blood bath Dogecoin falters but bounces back above $0.40 Advertisement

The past 24 hours have been brutal for the cryptocurrency realm after Tesla CEO . . . → Read More: Shiba Inu: ‘Dogecoin Killer’ Slayed after Tesla Bitcoin Ban

Oil Price Stuck in May Opening Range After Failing to Test March High

Oil Price Talking Points

The price of oil appears to be stuck within the opening range for May amid the failed attempt to test the March high ($67.98), and looming developments in the Relative Strength Index (RSI) may warn of a larger correction in crude as the indicator appears to be threatening the . . . → Read More: Oil Price Stuck in May Opening Range After Failing to Test March High

Bitcoin (BTC) and Ethereum (ETH) Crushed, DogeCoin (DOGE) Slumps 20% as Tesla Halts Bitcoin Payments

Bitcoin (BTC/USD), Ethereum (ETH/USD), and Alt-Coin Analysis and Charts: Cryptocurrency market a sea of red. Ethereum/Bitcoin spread keeps positive sentiment.

The cryptocurrency sell-off is accelerating in London trade with the market awash with double-digit losses. A market that seemed a one-way bet of late turned sharply lower earlier after cryptocurrency acolyte Elon Musk . . . → Read More: Bitcoin (BTC) and Ethereum (ETH) Crushed, DogeCoin (DOGE) Slumps 20% as Tesla Halts Bitcoin Payments

Canadian Dollar Forecast: USD/CAD, CAD/JPY Risk of Reversal Rising

CAD, USD/CAD, CAD/JPY Analysis and Talking Points

USD/CAD | Watch Macklem for Possible Currency Comments CAD/JPY Beginning to Look Stretched on the Topside

USDCAD: Since the BoC’s hawkish taper, CAD strength has been dominant with USD/CAD dropping over 4.8% and hitting a six year low. However, with the move looking somewhat overcooked, . . . → Read More: Canadian Dollar Forecast: USD/CAD, CAD/JPY Risk of Reversal Rising

Is Gold a Good Inflation Hedge? – XAU/USD Rejected at Key Trendline, Focus on US PPI

Talking Points: Gold was unable to break above its key trendline as inflation expectations rise, picking up USD momentum along the way XAU/USD key levels to watch

Gold (XAU/USD) has been unable to hold bullish momentum in its attempt to cross the 1,850 line as the US Dollar saw a big jump in . . . → Read More: Is Gold a Good Inflation Hedge? – XAU/USD Rejected at Key Trendline, Focus on US PPI

Nasdaq Extends Slide, Bond Yields Spike on Fed Taper Fears

STOCK MARKET OUTLOOK: NASDAQ SINKS AS TEN-YEAR TREASURY YIELD TOPS 1.65% Nasdaq extends its selloff as tech stocks slide further due to surging bond yields The ten-year Treasury yield has climbed over 20-basis points from Friday’s bottom Fed taper timeline could be pulled forward with inflation looking not-so transitory

The Nasdaq and other . . . → Read More: Nasdaq Extends Slide, Bond Yields Spike on Fed Taper Fears

EUR/USD Rally Stalls Ahead of February High Even as ECB Slows PEPP

EUR/USD Rate Talking Points

EUR/USD pulls back from a fresh monthly high (1.2182) even as the European Central Bank (ECB) slows the pace of the pandemic emergency purchase programme (PEPP), and the exchange rate may consolidate over the remainder of the week as itsnaps the series of higher highs and lows from the . . . → Read More: EUR/USD Rally Stalls Ahead of February High Even as ECB Slows PEPP

US Dollar Rockets Higher as Inflation Spikes to 4.2% in April

US DOLLAR OUTLOOK: USD PRICE ACTION RIPPING HIGHER AS INFLATION HITS 4.2% US Dollar bulls send the broader DXY Index sharply higher following red-hot inflation data EUR/USD price action plunges 50-pips as USD/JPY spikes 35-pips in immediate response Federal Reserve taper talks could intensify amid evidence of price pressures rising quickly

Markets are . . . → Read More: US Dollar Rockets Higher as Inflation Spikes to 4.2% in April

Elon Musk Hints at Tesla DOGE Alliance but Lands Short of the Moon

Dogecoin, Ether Talking Points: Ethereum (ETH/USD) Ignites hope for Alt Coins with Fresh All-Time High Elon Musk hints at Tesla Dogecoin alliance after SNL wipes out recent gains Crowd psychology remains a key catalyst for the imminent move

To learn more about crowd psychology, check out DailyFX Education

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Throughout the . . . → Read More: Elon Musk Hints at Tesla DOGE Alliance but Lands Short of the Moon

US Dollar (DXY) Forecast – US CPI and UST 10-Year Sale Hold Sway Over the USD

US Dollar Price, News, and Analysis: US inflation (April) is expected to jump to 3.6% y/y. USD41 billion 10-year USTs hit the street later in the session.

The eagerly awaited US inflation release for April – 12:30 GMT – will give traders the latest update on price pressures in the US, and expectations . . . → Read More: US Dollar (DXY) Forecast – US CPI and UST 10-Year Sale Hold Sway Over the USD

Central Bank Watch: BOE & ECB Interest Rate Expectations Update

Advertisement Central Bank Watch Overview: The BOE and the ECB won’t meet again for six weeks. Nevertheless, speculation around what they may do next continues to drive markets. Throttling back its QE program is just the beginning of the normalization process for the BOE, while rising inflation pressures may give pause to the . . . → Read More: Central Bank Watch: BOE & ECB Interest Rate Expectations Update

Bitcoin Price Forecast: BTC/USD Threatens Bearish Reversal on Wedge Break

Bitcoin (BTC/USD) Price Outlook: Bitcoin Price Forecast: BTC/USD Threatens Bearish Reversal on Wedge Break

Bitcoin may be vulnerable to a deeper retracement as risk appetite waned and cryptocurrency sentiment soured to start the week. Price action has seen BTC/USD fall out of a rising wedge with price quickly cratering beneath $54,000 – its . . . → Read More: Bitcoin Price Forecast: BTC/USD Threatens Bearish Reversal on Wedge Break

USD/CAD Eyes September 2017 Low as RSI Sits in Oversold Zone

Canadian Dollar Talking Points

USD/CAD appears to be on track to test the September 2017 low (1.2061) after clearing the January 2018 low (1.2247), and the oversold reading in the Relative Strength Index (RSI) may continue to coincide with a further decline in the exchange rate like the behavior seen in December.

Advertisement . . . → Read More: USD/CAD Eyes September 2017 Low as RSI Sits in Oversold Zone

USD/ZAR Forecast: South African Rand Watchful Ahead of U.S. Inflation

USD/ZAR ANALYSIS ZAR pounces on favorable global factors Local manufacturing production (MAR) at 3.4% Upcoming U.S. inflation data USD/ZAR holding steady around 14.0000 Advertisement

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The South African Rand has shown its “safe-haven” appeal amongst its Emerging . . . → Read More: USD/ZAR Forecast: South African Rand Watchful Ahead of U.S. Inflation

Nasdaq 100 (NDX) Crumbles as US Inflation Fears Re-Ignite

Nasdaq Price, News, and Analysis: Nasdaq slump leads global equity markets lower. US inflation fears weigh on tech stocks.

Equity markets are a sea of red in early turnover after the Nasdaq 100 and the Japanese Nikkei 225 recorded sharp losses overnight. The Nasdaq closed over 2.5% lower in the US, and ominously . . . → Read More: Nasdaq 100 (NDX) Crumbles as US Inflation Fears Re-Ignite

US Dollar Draws Near Key Support; EUR/USD to Two-Month Highs

US Dollar, EUR/USD Talking Points: Advertisement

It was a big week for US Dollar bears as the currency pushed down to a fresh low on the heels of a really disappointing NFP report. Stocks rallied to go along with that move of USD-weakness, leading many to point to the ‘good is bad’ theme . . . → Read More: US Dollar Draws Near Key Support; EUR/USD to Two-Month Highs

USD/CHF, USD/SEK Lose 2021 Uptrends; USD/NOK Retains Bear Flag Breakout Posture

Advertisement US Dollar Outlook: Non-Major USD-crosses Still Look Bearish

The April US non-farm payrolls report was the worst case scenario for the US Dollar: the result has been a mix of lower nominal bond yields and higher inflation expectations, curating an environment of falling real yields. Even though chatter about the Federal . . . → Read More: USD/CHF, USD/SEK Lose 2021 Uptrends; USD/NOK Retains Bear Flag Breakout Posture

Gold Price Approaches 200-Day SMA for First Time Since February

Gold Price Talking Points

The price of gold extends the series of higher highs and lows from the previous week even though the 10-Year US Treasury yield retraces the decline following the US Non-Farm Payrolls (NFP) report, and looming developments in the Relative Strength Index (RSI) may indicate higher gold prices if the . . . → Read More: Gold Price Approaches 200-Day SMA for First Time Since February

USD/CAD Price Falls Further, Multi-Year Low Nears

Canadian Dollar Price (USD/CAD), News, and Analysis:

The ongoing weakness in USD/CAD continues with last Friday’s unexpectedly weak US NFPs the latest driver of a push lower. The technical outlook for the pair has been weak for some months now, as I highlighted one month ago, and while the pair look oversold, support . . . → Read More: USD/CAD Price Falls Further, Multi-Year Low Nears

Altcoins Surge as Bitcoin Falls Behind – Ethereum at New Record High, Dogecoin Attempts to Recover from SNL

Key Talking Points: Ethereum surpasses the $4,000 mark, just a week after crossing $3,000 Dogecoin drops over 30% after Elon’s “hustle” comments on SNL Bitcoin continues to struggle just below $60,000 Advertisement

As Bitcoin continues to struggle in its attempt to surpass the 60,000 dollar mark, altcoins are taking over the crypto market. . . . → Read More: Altcoins Surge as Bitcoin Falls Behind – Ethereum at New Record High, Dogecoin Attempts to Recover from SNL

Markets Week Ahead: Gold, EUR/USD, S&P 500, FTSE 100, Inflation, Sentiment

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Global markets were relatively calm this past week. Equity investors drove stocks higher, sending major indices like the S&P 500 to fresh all-time highs. Perhaps this was motivated by a sharply weaker US Dollar and repricing of Fed taper risk that followed a big miss on NFPs. In turn, the disappointing . . . → Read More: Markets Week Ahead: Gold, EUR/USD, S&P 500, FTSE 100, Inflation, Sentiment

Will Dow Jones Outperform Nasdaq 100 as Inflation Debates Heat Up?

DOW JONES FUNDAMENTALFORECAST: BULLISH Dow Jones gained 11.4% while the Nasdaq 100 fell 0.2% since early February Rising commodity prices sent the 5-year breakeven inflation rate to a 13-year high Reflation hopes may continue to buoy Dow Jones as the US and Europe prepare to ease lockdowns

The reflation theme appears to have . . . → Read More: Will Dow Jones Outperform Nasdaq 100 as Inflation Debates Heat Up?

Euro Forecast: EUR/USD Price Outlook Still Positive, Reaching for 1.22

Fundamental Euro Forecast: Bullish Friday’s dire US non-farm payrolls figure sent EUR/USD up sharply and if it can make a sustained break above resistance at 1.2150 then a further advance towards 1.22 seems likely. US jobs aside, the global economy is still recovering strongly from the slump caused by the Covid-19 pandemic and that . . . → Read More: Euro Forecast: EUR/USD Price Outlook Still Positive, Reaching for 1.22

Gold Price Forecast: Falling Real Rates, Inflation Concerns to Buoy XAU/USD

Gold Fundamental Forecast: Bullish Falling real rates and rising inflation concerns may continue to drive bullion prices higher in the near term. However, hotter-than-expected inflation and retail sales figures could fuel tapering bets and undermine the price of gold.

Gold prices have continued to track higher in the last six weeks, pushing back . . . → Read More: Gold Price Forecast: Falling Real Rates, Inflation Concerns to Buoy XAU/USD

US Dollar Weekly Outlook – US NFPs Massive Miss, Heavyweight Data Next Week Will Steer the US Dollar

US Dollar Price, News and Analysis: US Jobs report – massive miss against expectations and last month. Economic calendar key to the US dollars fortune

The latest US Jobs report rocked the financial market Friday, missing expectations by a huge margin, sending the greenback spinning lower against a range of currencies. The market, . . . → Read More: US Dollar Weekly Outlook – US NFPs Massive Miss, Heavyweight Data Next Week Will Steer the US Dollar

Bitcoin (BTC) Rallying Back, Ethereum (ETH) and The Alt-Coin Market Soar to Record-Breaking Highs

Bitcoin (BTC/USD), Ethereum (ETH/USD), and Alt-Coin Analysis and Charts: Bitcoin – battling back but losing ground. Ethereum – up, up, and away. Dogecoin – potential for a huge bout of Musk-inspired volatility? SEC – cryptocurrency exchanges need a regulatory framework.

Bitcoin is paring back recent losses and is pushing higher but it is . . . → Read More: Bitcoin (BTC) Rallying Back, Ethereum (ETH) and The Alt-Coin Market Soar to Record-Breaking Highs

Australian Dollar Outlook: AUD/USD May Rise on Dovish Fed Speak After Huge NFP Miss

Australian Dollar Fundamental Forecast: Bullish Australian Dollar may continue ascent against the US Dollar ahead The record miss in US jobs data could keep the Fed dovish for longer That may keep risk appetite intact, boosting the sentiment-linked AUD

The sentiment-linked Australian Dollar pushed higher this past week, with AUD/USD touching its highest . . . → Read More: Australian Dollar Outlook: AUD/USD May Rise on Dovish Fed Speak After Huge NFP Miss

Bitcoin, DOGE, Ethereum: Resilient ahead of Elon Musk SNL Appearance

Bitcoin, DOGE, Ether Talking Points: Bitcoin (BTC/USD) looks determined to break key resistance Ethereum (ETH/USD) and Dogecoin hold onto gains, at least for now Elon Musk’s appearance on Saturday Night Live (SNL) as a potential major risk event? Advertisement

It has been a relatively quiet week for BTC/USD as price action continues to . . . → Read More: Bitcoin, DOGE, Ethereum: Resilient ahead of Elon Musk SNL Appearance

Will Lumber Prices Prick US Housing Bubble or Will Low Mortgage Rates Prevail?

Advertisement US Housing Market Outlook: There’s a lot of chatter among market participants about the state of the US housing market, which has seen its strongest run of price growth since 2006 – right before the US housing bubble burst, which helped lead to the Global Financial Crisis. Supply chain issues (e.g. closed . . . → Read More: Will Lumber Prices Prick US Housing Bubble or Will Low Mortgage Rates Prevail?

British Pound Forecast: UK GDP Report to Go Unnoticed as BoE Tapers QE

British Pound Talking Points

Fresh projections coming out of the Bank of England (BoE) instills an improved outlook for the British Pound as the central bank expects economic activity to return to pre-pandemic conditions later this year, and the update to the UK Gross Domestic Product (GDP) report may generate a limited reaction . . . → Read More: British Pound Forecast: UK GDP Report to Go Unnoticed as BoE Tapers QE

Meme Stocks: What are They and Why are They so Popular?

Meme stocks have disrupted the traditional finance landscape through a growing wave of millennial traders banding together in an attempt to inflate specific stock prices. The exponential growth experienced in the majority of meme stocks has forced Wall Street and the individual trader to take notice as the online movement takes shape. However, . . . → Read More: Meme Stocks: What are They and Why are They so Popular?

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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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.

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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