The Australian Dollar eclipsed a key level overnight as US stocks gained. Australia's trade balance report for July will cross the wires, which will provide key data to help gauge the country's eco...
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Wednesday, 1 September 2021
Nasdaq 100 Starts the Month with Bullish Bias & Ekes Out Record Close. Now What?
Nasdaq 100 starts the month with a positive bias and sets record closing high on the back of low U.S. Treasury yields, but downside risks continue to build in the near term.
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Oil Price Rebound Emerges as OPEC Keeps Crude Production Steady
Current market conditions may keep the price of oil afloat as OPEC remains reluctant to push production towards pre-pandemic levels.
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Nasdaq Flies to Record High with S&P500 Poised to do the Same, FTSE up
The Nasdaq was fastest out of the gates this morning posting a new all-time high with the S&P looking to do the same. FTSE up despite dropping from the daily high
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Gold Price Forecast: Gold Grinds Support as NFP Looms - XAU Levels
Gold price action has quieted to a veritable crawl, but that looks to be in anticipation of Non-farm Payrolls later this week. Can bulls strike another high for Gold?
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EUR/USD Stages Four Day Rally as ECB Adopts Hawkish Tone Ahead of NFP
EUR/USD stages a four-day rally as recent remarks from ECB Vice-President Guindos indicate a looming shift in the forward guidance for monetary policy.
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US Dollar Stucj to the Lows as Employment Contraction Offsets ISM Beat
ISM Manufacturing Beat Fails to Lift USD as Employment Component Contracts
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EUR/USD Breaking News: Uneventful European PMI and Unemployment Data
EUR/USD is making gains on the back off yesterday’s inflation data despite flat PMI and unemployment stats today. Hawkish ECB officials are creating a stir as they call for a reduced PEPP purchases.
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Gold Price Forecast: Gold Bulls Lacking Until Double Top is Cleared
Cautious tone for the precious metal as markets await key US data
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British Pound (GBP) Price Outlook: Near-Term Bullish for EUR/GBP
EUR/GBP could head higher in the hours ahead after European Central Bank Vice President Luis de Guindos suggested the Eurozone economy is growing faster than the ECB expected.
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Nikkei 225 Up on Japan Election News, Upbeat Australian GDP Cheers Markets. Risk On?
The Nikkei 225 moved higher as Japanese media suggested an election may come in October while solid Australian GDP data lifted risk assets. More of the same ahead?
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Tuesday, 31 August 2021
Crude Oil Forecast: OPEC+ May Shelve Output Increases as Covid Dents Demand
Crude and Brent oil benchmarks dropped in August as Covid-related demand fears dragged on sentiment. Energy traders are keenly focused on this week's OPEC+ decision, which may see supply reigned ba...
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AUD/USD Gains on Solid GDP Beat, Will Australian Dollar Continue Higher?
The Australian Dollar moved higher immediately after local GDP numbers were released for the second quarter. Will AUD/USD test resistance?
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Dow Jones Ends Solid Month on a Downbeat as ASX 200 Focuses on a Rising Wedge
The Dow Jones weakened to wrap up a solid month for stocks on Wall Street. Ahead, Australia’s ASX 200 may look past local GDP data as the focus remains on Covid cases and a Rising Wedge.
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How to Research Stocks: A Step by Step Guide
Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.
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Australian Dollar Forecast: AUD/USD Eyes Q2 GDP to Kick Off September Trading
The Australian Dollar finished August with a loss against the US Dollar. AUD/USD is eyeing Australia's second-quarter GDP print today to kick off the new trading month.
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Nasdaq 100 Forecast: Stocks Retreat Slightly to Round Out a Strong August
Major US equity indices finished lower on Tuesday as risk assets took a breather following Monday's robust move higher.
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S&P 500 Shines in August but Could Face Headwinds in September. Why?
The S&P 500 rises 2.9% in August to mark its seventh consecutive monthly gain, but equities could pull back in September on the prospect of tax hikes and monetary tightening.
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Bitcoin Support, Ethereum Breaks Out; Solana and Cardano the Focal Points
Non-fungible tokens continue to drive moves in the crypto space with Solana jumping by 90% in less than a week.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...