DailyFX - Market Outlook

Market Outlook

Australian Dollar Outlook: Sentiment Buoys AUD/USD but Tensions With China Mount 21 Apr 2021, 11:00 pm

AUD/USD rose to a lingering resistance level, buoyed by Wall Street sentiment. Renewed tensions between Australia and China may weigh on the Aussie-Dollar, however.

British Pound Technical Analysis: GBP/USD, GBP/JPY 21 Apr 2021, 7:00 pm

It was a big start to the week for the British Pound, but can Sterling bulls continue to push?

Canadian Dollar Price Forecast: USD/CAD May Gain on Wait-and-See BoC 21 Apr 2021, 7:00 am

A wait-and-see approach from the Bank of Canada at its upcoming meeting, in light of an ever-worsening local coronavirus situation, could open the door for USD/CAD to extend recent gains.

Nasdaq 100 Sinks Despite Mostly Upbeat Earnings, Asia-Pacific Turns Eye to AU Retail Sales 20 Apr 2021, 11:00 pm

The Nasdaq 100 shifts lower for a second day despite mostly upbeat earnings reports. Traders will shift focus to Australia’s retail sales figure during Wednesday’s Asia-Pacific session.

Dow Jones, S&P 500, Nasdaq 100 Forecast: Q1 Earnings Take Centre-Stage 20 Apr 2021, 7:00 am

The Dow Jones, Nasdaq, and S&P 500 could continue to trudge higher in the coming days on the back of robust Q1 corporate earnings figures.

New Zealand Dollar Forecast: NZD/USD Gains on Greenback Drop, Inflation Data Looms 19 Apr 2021, 11:00 pm

NZD/USD is on the move higher as rising commodity prices and US Dollar weakness bolstered the New Zealand Dollar. Investors are eyeing inflation data.

US Dollar Price Action Setups: EUR/USD, GBP/USD 19 Apr 2021, 7:30 pm

The US Dollar continues to slide and this has helped to propel both EUR/USD and GBP/USD. Do USD bears have staying power?

US Dollar Forecast: USD/JPY Testing Key Support as Yields Slide Lower 19 Apr 2021, 7:00 am

The USD/JPY exchange rate is challenging a key inflection point after sliding significantly lower on the back of falling US Treasury yields. Is a more extended correction in the offing?

Bitcoin (BTC/USD) Support Test as Ethereum (ETH/USD) to Fresh Highs 15 Apr 2021, 4:00 pm

Bitcoin broke out in a big way on the day of the Coinbase IPO, but it's Ethereum that's continued to push with even more strength over the past 24 hours.

US Dollar Looks to Retail Sales, Jobless Claims Data for a Lifeline 15 Apr 2021, 7:00 am

The US Dollar looks to incoming retail sales and jobless data to revive reflation and Fed tightening speculation after receding bond yields weighed on the benchmark currency.

AUD/USD Breaches Technical Resistance as Aussie-Dollar Eyes Jobs Report 14 Apr 2021, 11:00 pm

AUD/USD's trendline break has the currency pair aiming higher, but the Australian jobs report will likely dictate the Aussie-Dollar's direction.

Gold Technical Analysis: XAU/USD Teases Breakout as BTC, Coinbase Grab Headlines 14 Apr 2021, 6:34 pm

Gold prices are getting close to the neckline of a double bottom pattern - but are bulls finally ready to re-take control?

Nasdaq to Outperform Dow Jones as Reflation Trade Loses its Luster 14 Apr 2021, 7:00 am

The tech-heavy Nasdaq may outperform the benchmark Dow Jones index in the coming weeks as strong demand for Treasuries, and in-line inflation prints, take some steam out of the Reflation Trade.

AUD/USD at Technical Juncture as Australian Consumer Confidence, RBNZ Looms 13 Apr 2021, 11:00 pm

AUD/USD approaches trendline resistance, with event-driven risk events looming in the form of Australian Consumer confidence and an interest rate decision from the Reserve Bank of New Zealand.

US Dollar Price Forecast: Sharp Inflation Spike to Drive Yields, USD Higher 13 Apr 2021, 7:00 am

The US Dollar may extend gains in the near term as base effects result in a marked rise in inflation, and long-term Treasury auctions push yields higher.

NZD/USD May Rise as Technical Level, Chinese Trade Balance Shifts into Focus 12 Apr 2021, 11:00 pm

NZD/USD may be set to breakout as price contends with the resistance level of a Falling Wedge pattern. Meanwhile, Chinese economic data is on tap for Tuesday's Asia Pacific session.

British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP 12 Apr 2021, 4:00 pm

The British Pound had a big start to the year. But so far Q2 is shaping up to be quite a bit different.

Euro Price Outlook: EUR/USD at Risk as US Treasury Yields Aim Higher 12 Apr 2021, 7:00 am

The Euro’s recent rebound against the US Dollar may prove short-lived, despite a relatively bullish technical outlook, if upcoming inflation and retail sales figures intensify Federal Reserve taper...

USD/CNH Forecast: Yuan Loans Data May Show China‚Äôs Appetite for Stimulus 11 Apr 2021, 11:00 pm

The Chinese Yuan and Asia-Pacific equity markets may move on incoming March new loans data. Meanwhile, traders will be eyeing an interview with US Fed Chair Powell.

Canadian Dollar Forecast: USD/CAD Probing Resistance With Jobs Data on Tap 9 Apr 2021, 7:00 am

The Canadian Dollar is at risk of losing further ground against its US counterpart if upcoming employment data disappoints market participants.