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EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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EUR Q2 2021 Fundamental Forecast
2021-04-16 08:30:00
GBP Q2 2021 Technical Forecast
2021-04-15 21:30:00
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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Crude Oil Price Rise May Stall as Supply Swell Swamps Demand
2021-04-16 07:02:00
Crude Oil Price Outlook: Fresh Highs in Focus Post-Breakout
2021-04-15 22:15:00
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
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What is Earnings Season & What to Look for in Earnings Reports?
2021-04-16 19:30:00
S&P 500 Forecast: Has the Market Finally Bought What the Fed Was Selling?
2021-04-16 18:00:00
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
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Gold Price Forecast – Outlook Growing Increasingly Bullish, What to Watch
2021-04-16 20:00:00
S&P 500 Forecast: Has the Market Finally Bought What the Fed Was Selling?
2021-04-16 18:00:00
GBP/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
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US Dollar Near-term Technical Setups: USD/CAD, AUD/USD, GBP/USD
2021-04-16 18:38:00
Weekly Fundamental British Pound Forecast: Sterling Seeking Semblance of Stability
2021-04-16 16:30:00
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
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USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Mar 02, 2021 when USD/JPY traded near 106.76.
2021-04-16 09:23:00
JPY Q2 2021 Technical Forecast
2021-04-16 00:00:00
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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/XBXs1LXXEF
  • Ontario Premier: Ontario is extending its stay-at-home order to six full weeks $CAD
  • As UK vaccination rates have slowed, coupled with a backdrop of calmed UK Gilt yields, the British Pound’s relative appeal that carried it through the first three months of 2021 has been tarnished. Get your market update from @CVecchioFX here:https://t.co/7aZHtoa1vg https://t.co/YQYvJ17SMb
  • For most of 2021, the US 10Y yield remained in an ascending channel. In recent sessions, yields have cooled thanks to a dovish Fed. Also of note, markets appear to be signaling that US outperformance is now fully priced in. https://t.co/QD7ctvXB6T
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.40% Germany 30: 0.35% FTSE 100: 0.27% US 500: -0.01% Wall Street: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/TQst43wrMf
  • GBP: Gradual chopping decline since Feb smacks of corrective behavior. Bull-flag coming into view that could soon trigger. Get your $GBP market update from @PaulRobinsonFX here:https://t.co/ndjE4K0Nmk https://t.co/8dxgUTYH7V
  • #Bitcoin lower by more than 2.5% as Turkey bans crypto payments, citing risks #BTC $BTCUSD https://t.co/KFj1mJjBpp
  • US #Dollar Near-term Technical Setups: $USDCAD, $AUDUSD, $GBPUSD - https://t.co/39M4d62z9A https://t.co/d8pDosSpoV
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.82% Silver: 0.65% Oil - US Crude: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/KVfIXfvjtM
  • Gold breaks out of the range-bound price action from earlier this week as the 10-Year US Treasury yield slips to a fresh monthly low (1.53%). Get your $XAUUSD market update from @DavidJSong here:https://t.co/QlflNxQb8o https://t.co/cMYBlVaH5X
Canadian Dollar Break Not Yet Convincing

Canadian Dollar Break Not Yet Convincing

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, Canadian Dollar Break Not Yet Convincing

Prepared by Jamie Saettele, CMT

“The decline from the October high is viewed as a correction (A, triangle B, C) that is expected to terminate near the mentioned 9725/75.” The USDCAD has broken down but the general USD reversal theme can’t be ignored. Keep looking lower, albeit cautiously, towards the mentioned levels.

Bottom Line – Lower?

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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