USD/JPY Rate Recovery Removes Threat of Head-and-Shoulders Formation
The recent recovery in USD/JPY removes the threat of a head-and-shoulders formation as the exchange rate breaks above the left shoulder.
EUR/USD Price Forecast - The Argument for The Euro Bear
In this second EUR/USD article, DailyFX Strategist Nicholas Cawley argues that EUR/USD weakness will continue in the near-term
Market Sentiment: Gold, Bitcoin and Ether in Focus | Webinar
Trader confidence is evenly balanced, with the Indian coronavirus outbreak offsetting positive news elsewhere. That has left traders most interested in assets like gold and cryptocurrencies.
GBP/USD Bulls At Risk From Macro Shock, JPY Short Covering - COT Report
Nervy test for GBP bulls amid BoE and Scottish Election. Japanese Yen Short Covering underpins currency.
European Outlook: DAX 30 Breaking Down, EUR/USD Suffering From Rising Yields
A stronger US Dollar puts EUR/USD at risk of falling through 1.20. DAX 30 unbale to break above recent range
EUR/USD Price Forecast: The Euro Bull vs The Euro Bear
In this article, DailyFX Analyst Martin Essex puts the case for EUR/USD strength. Watch out for a reply later today from DailyFX Strategist Nicholas Cawley, who argues that EUR/USD will weaken.
Ethereum (ETH) and Dogecoin (DOGE) Crack New All-Time Highs
Another strong performance in the cryptocurrency with Ethereum and Dogecoin printing fresh new highs as Bitcoin’s dominance wanes.
British Pound (GBP) Price Outlook: Steady Ahead of BoE, UK Elections
GBP/USD and the GBP crosses will likely trade sideways, with GBP/USD around 1.39, ahead of Thursday’s monetary policy decision by the Bank of England and UK elections the same day.
Canadian Dollar Forecast: Bullish Divergence Hints at Rebound for USD/CAD
The Canadian Dollar may give up gained ground in the near term, as coronavirus cases continue to remain elevated despite a marked pickup in vaccination rates.
Australian Dollar Outlook: AUD/USD Looks Past RBA, Focusing on Stocks and Sentiment
The Australian Dollar was unphased by the RBA’s May interest rate decision and growth upgrade. AUD/USD’s focusremains on market sentiment as it appears to trade with a slight bullish undertone.