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  • Encouraging move here for $GDX as it breaks out of its descending channel Meanwhile, $GLD remains locked in its downtrend https://t.co/5tetsfHsxw
  • Heads Up:🇺🇸 Fed Bostic Speech due at 15:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-15
  • $USDJPY has continued lower today amidst further weakness from the US Dollar, falling to an intraday low around the 108.60 level, its lowest point in three weeks. $USD $JPY https://t.co/xHm8sp9qsR
  • While things are remarkably quiet in many global indices, the situation on the German $DAX 30 is the most impressive. At a record high, it has carved out the narrowest 7-day historical range (as %age of spot) since October 2017. Break risk high https://t.co/u0d5BTxlsJ
  • Gold ($XAUUSD) is making a bid to break back above a frequented pivot level around 1765. This despite risk trends being up (against its haven status) and the Dollar holding steady (pricing factor) https://t.co/pmbnoxYCXf
  • USD/CAD: A convincing rejection of the 1.26 handle, which also coincided with the 50% fib of the 2021 range. Get your $USDCAD technical analysis from @JMcQueenFX here:https://t.co/VubZkkShN0 https://t.co/zhAZJXtoqm
  • Hey traders! Are we witnessing a clear stretch for S&P500 and Nasdaq? Find out from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/SMh1QQZ7lT
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.46% 🇦🇺AUD: 0.38% 🇯🇵JPY: 0.26% 🇬🇧GBP: 0.05% 🇪🇺EUR: -0.04% 🇨🇦CAD: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LaMYeDZc9M
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: 0.86% FTSE 100: 0.85% Wall Street: 0.77% France 40: 0.46% Germany 30: 0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/oTS1NQDC68
  • Gold back towards key resistance (1760-65) that has capped rallies over the past two months - US yields at session lows providing the latest push higher https://t.co/u35ePHQXOb
Forex Trading Weekly Forecast 04.22.2013

Forex Trading Weekly Forecast 04.22.2013

US Dollar on Cusp of Bullish Trend Revival, Focus on S&P 500 and GDP

We have been here multiple times over the past weeks and months. Conditions align for a market-wide shift in risk appetite that could catalyze the dollar higher, yet the spark that can set everything in motion remains elusive.

Euro Outlook Muddled by Italian Politics, Weak PMI Data

The Euro closed the week on a sour note as the Italian political climate unraveled further, ratcheting up uncertainty about the future of the Euro-zone's third largest economy. Will weak PMI data complement the negativity? Or will commentary from key core officials keep a soft bid under the Euro?

G20 Gives Traders All-Clear to Sell Yen - Will Bank of Japan Comply?

The Japanese Yen finally showed signs of life as it rallied strongly against the US Dollar and other major counterparts, but lack of action from a highly-anticipated G20 meeting gave traders the “green light” to continue selling into JPY weakness.

British Pound to Benefit From 1Q GDP as U.K. Returns to Growth

The British Pound struggled to hold its ground as Fitch Ratings lowered the U.K.’s AAA credit rating to AA+, and the GBPUSD may continue to give back the rebound from 1.4830 should it fail to maintain the upward trending channel carried over from the previous month.

Gold Sell-off Gets a Reprieve, but Damage is Done- 2011 Low on Tap

The gold sell-off continued early this week with the precious metal plummeting more than 5.8% by the close of trade on Friday.

New Zealand Dollar to Hold Range Ahead of RBNZ

The New Zealand Dollar ended the week nearly 2.0 percent lower, a dramatic turnaround from previous weeks.

Forex_Trading_Weekly_Forecast_04.22.2013_body_Picture_1.png, Forex Trading Weekly Forecast 04.22.2013

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