Sterling is losing ground against the so-called commodity currencies in a sign that its recent strength may be ebbing away, although the longer-term outlook continues to look bright. Continue Reading…
Author: Martin Essex, MSTA | DailyFX
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Search Web: British Pound (GBP) Latest: GBP/AUD, GBP/NZD, GBP/CAD Under Pressure
Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more… Continue Reading…
Author: James Stanley | DailyFX
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Search Web: How to Learn Technical Analysis with DailyFX
The Federal Reserve’s accommodative monetary policy settings, and the impending provision of additional fiscal support, will probably pave the way for the Dow Jones and Russell 2000 to continue mov… Continue Reading…
Author: Daniel Moss | DailyFX
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Search Web: Dow Jones, Russell 2000 Aiming Higher on Accommodative Fed, Fiscal Stimulus
The Indian Rupee and Nifty 50 have been on a tear this year so far, with local inflation expectations and now RBI rate hike bets slowly on the rise. Are traders getting ahead of themselves? Continue Reading…
Author: Daniel Dubrovsky | DailyFX
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Search Web: Indian Rupee, Nifty 50 Outlook: RBI Rate Hike Bets Creeping With CPI Estimates
Author: Thomas Westwater | DailyFX
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Search Web: Crude Oil Price Forecast: Demand and Supply Drivers Firing on All Cylinders
Asia-Pacific stocks are poised for a rebound after Wall Street stocks ended higher on Wednesday. Fed Chair Jerome Powell’s dovish comments, Johnson & Johnson’s Covid-19 vaccine lifted investor conf… Continue Reading…
Author: Margaret Yang, CFA | DailyFX
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Search Web: S&P 500 Rally May Lift Hang Seng, ASX 200 on Dovish Fed, 3rd US Vaccine
The Australian Dollar is pushing into fresh highs versus the Greenback, but RBNZ news is bolstering the New Zealand Dollar, with AUD/NZD moving sharply lower. Continue Reading…
Author: Thomas Westwater | DailyFX
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Search Web: AUD/USD Gains on Reflation Trade While RBNZ News Dispatches AUD/NZD Lower
The US Dollar advanced early on during Wednesday’s trading session, but bears pushed back and sent the DXY Index recoiling lower after failed attempt to take out its 50-day moving average. Continue Reading…
Author: Rich Dvorak | DailyFX
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Search Web: US Dollar Outlook: DXY Index Rejects 50-Day Moving Average
Price and ETF flows data reveals the ongoing rotation between growth stocks and other areas of the stock market such as industrials and value. With the technical breakdown in the Nasdaq, it might p… Continue Reading…
Author: Peter Hanks | DailyFX
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Search Web: Stock Market Forecast for the Week Ahead: Growth to Value Rotation Heats Up
The New Zealand Dollar is skyrocketing during late Wednesday trade with NZD/USD price action up nearly 80-pips intraday in response to the RBNZ housing remit just announced. Continue Reading…
Author: Rich Dvorak | DailyFX
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Search Web: New Zealand Dollar Outlook: NZD/USD Soars on RBNZ Housing Remit