Euro Forecast: Why the Strong Start to April May Continue for EUR/GBP, EUR/JPY, EUR/USD Advertisement
Euro Forecast Overview:
As global bond yields have steadied following their spike starting in late-February and continuing into late-March, German Bund yields have declined by less than their UK Gilt or US Treasury counterparts, giving the Euro a slight yield advantage in the near-term.
EUR/JPY remains on the most convincing bullish path, EUR/USD remains within the downtrend from the intrayearly high (ahead of returning to a key zone of support and resistance for the past nine-months), and EUR/GBP may be working its way to former consolidation resistance following its false bearish breakout.
Mexican Peso Forecast: MXN/JPY Breakout, USD/MXN Breakdown in Focus Advertisement
Mexican Peso Outlook:
Stability in long-end global bond yields has given room for risk appetite to return to markets, including in the emerging markets currency space.
MXN/JPY has traded to its yearly high and are now challenging a multi-year downtrend, while USD/MXN has dropped through its intrayearly uptrend, and a potential head and shoulders pattern may be guiding price action lower.
We can use the IG Client Sentiment Indexfor USD/CAD rates as a close proxy for USD/MXN exposure, which has a mixed bias.
Mexican Peso Continues to Gain Strength
Silver Price Forecast: Rebound Tests Downtrend from Yearly High - Levels for XAG/USD Advertisement
Silver Price Outlook:
Bond yields have steadied, stocks are climbing, and the US Dollar is down – has a window opened for silver prices to rally?
Silver prices appear to be attempting to climb out of the downtrend from the February and March highs, which could give a near-term technical reason to throw doubt on the viability of the double top.
Recent changes in sentiment suggest that silver prices have a bearish bias in the near-term.
Silver Prices Gain as Dollar Falls
Silver prices have had a rough go of things in recent weeks, in a steady downturn since hitting their 2021 high on the first trading day of February (and incidentally, the highest since 2013). In part, asset allocation churn provoked by a rise in long-end global bond yields have eroded the relative appeal of precious metals like silver, which has been hampered by the rebound in US real yields.
US Stocks Hold Gains as Yellen s Global Minimum Tax Gains Support from EU, IMF of clients are net short. Long News of clients are net short. Long News of clients are net short. Long News of clients are net short. Long News of clients are net short. Long News Advertisement
Global Minimum Tax Overview:
For years, the Organization for Economic Cooperation and Development (OECD) has led a global effo
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