Gold Price Forecast: Will a Double Bottom Pattern Spark Price Gains? 2021-04-08 20:30:00 Peter Hanks, Strategist
Gold Price Forecast:
A double bottom trading pattern, typically viewed as bullish, has formed and could spark gains
Gold Price Forecast: Will a Double Bottom Pattern Spark Price Gains?
Gold suffered significant declines in late February and early March as US Treasury yields grinded higher. Losses saw XAU/USD blow through various levels of technical support until the lower bound of the metal’s descending channel helped to arrest declines around the $1,675 mark. A picture-perfect bounce off the trendline and subsequent bounce off a nearby Fibonacci level has seen gold recover somewhat and recent price action has formed a double bottom technical pattern as a result.
FinTwit, Women and Trading: An Interview with @DeadCaitBounce 2021-04-08 16:00:00 Peter Hanks, Strategist
Finance and trading are two areas where men considerably outnumber women. Progress is being made and DailyFX is highlighting that progress with a new series on Women Leaders Changing Finance. We’re also spotlighting hurdles. One area where women are making a mark is financial twitter, or #fintwit. Caitlin Cook, perhaps best known as @DeadCaitBounce, is an internal wholesaler for a global asset manager and a rising star in the FinTwit world. She’s quickly attracted notice among some of the biggest names in the business.
To celebrate Women’s History Month, and to help kick off our new series, DailyFX Strategist Peter Hanks (@PeterHanksFX) talked with Caitlin @DeadCaitBounce about how she’s writing her own history of women in finance by using FinTwit to discuss trading and investing along with dashes of
Nasdaq 100 Forecast: Are New Highs Ahead? 2021-04-06 20:30:00 Peter Hanks, Strategist
Nasdaq 100 Price Outlook:
An encouraging fundamental backdrop may serve as a tailwind for further gains
Nasdaq 100 Forecast: Are New Highs Ahead?
The Nasdaq 100 suffered a month of turbulence as rising Treasury yields pressured many of the high-flying technology stocks that have dragged the broader index higher since March 2020. A recent pause in Treasury yield gains has seen tech stocks regain their footing and, further still, encouraging economic data across the board has bolstered the fundamental argument for US equity exposure.
While yields may continue to tick higher in the future as a byproduct of the considerable growth the United States economy is expected to experience, the Nasdaq 100 may press higher regardless. Further still, recent gains have seen the tech-heavy index snap the downtrend that began in mid-Februa
Stock Market Forecast for the Week Ahead of clients are net short. Long News of clients are net short. Long News of clients are net short. Long News 2021-04-06 22:00:00 Peter Hanks, Strategist
Stock Market Price Outlook:
The S&P 500 broke above 4,000 for the first time ever while the Dow Jones pressed toward 34,000
Client sentiment suggests US indices may continue higher in the days ahead while seasonality remains an encouraging tailwind
Stock Market Forecast for the Week Ahead
The S&P 500 broke above 4,000 for the first time ever last Thursday, effectively openi
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