How to find bullish stock price breakouts sooner
General Mills Inc. broke out of two trendlines on March 18, signaling a potential bullish reversal of both its absolute price and its relative performance to the S&P 500 Index.
Dollar Finds Footing on U.S. Economy as Euro Falters
The dollar began the week on a firm footing, inching toward a milestone peak against the euro on Monday, as a cautious market mood pushed investors to safety while U.S. economic strength and a rapid vaccine rollout also added to the greenbacks shine. The euro was down 0.1 in the Asia session at 1.1783, not […]
Germany 30 IG Client Sentiment: Our data shows traders are now at their least net-long Germany 30 since Mar 11 when Germany 30 traded near 14,563.10.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bullish contrarian trading bias.
British Pound Price Forecast: GBP/USD, GBP/JPY, EUR/GBP Levels to Watch
The British Pound has had a stellar start to 2021 however, although the currency’s long-term technical outlook remains bullish, fading momentum could lead to a period of consolidation in the week a…
S&P 500 May Face Volatility Into Quarter End, But Momentum Favors Upside
The S&P 500 appears primed to continue higher, even as unusual activity on Friday worried traders. Moreover, quarter-end rebalancing may heighten volatility.
Markets Week Ahead: Nasdaq 100, US Dollar, Gold, Crude Oil, Fed Ends SLR Exemption, NFPs
Wall Street pulled off a recovery into the weekend as equities in parts of the Asia Pacific region wobbled. The US Dollar appears to be regaining upside momentum, leaving gold and crude oil at risk…
Will Dow Jones Continue to Outperform Nasdaq 100 on Reflation Optimism?
Reflation optimism and vaccine rollouts led to a rotation from tech into cyclical sectors, boosting the Dow Jones Industrial Average while pulling down the tech-heavy Nasdaq 100. Will this trend be…
US Dollar Price Outlook: US Dollar Rally Driving USD/JPY to Fresh Multi-Month Highs
The US dollar continues to probe multi-month highs and despite the greenback looking overbought, the path of least resistance is higher still.
USD/MXN Outlook: Should Banxico Keep Rates Steady or React to Inflation?
Money markets are pricing in two possible rate hikes in 2021 as Mexico sees soaring inflation.
Australian Dollar Technical Forecast: AUD/USD, AUD/CAD, AUD/JPY Chart Setups
The Australian Dollar faces a variety of technical setups in the week ahead against the US Dollar, Canadian Dollar and Japanese Yen.