Monday, 7 December 2020

Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

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Euro Rally Pauses as Brexit Lingers - Outlook Remains Bullish for EUR/USD, EUR/JPY Rates

The Euro rally has paused, but a small setback may not mean the bullish breakout attempts are finished.

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How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.

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Gold Price Forecast: Gold Bulls on the Bid, XAU Rallies to Resistance

Gold put in a strong pop this morning, giving rise to the thought that buyers might be getting back in control to push the longer-term bullish cycle.

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USD/CAD Rate Rebound Vulnerable as RSI Sits in Oversold Territory

USD/CAD may extend the series of lower highs and lows from the start of the month as the RSI sits in oversold territory for the first time since June.

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Markets Week Ahead: GBP/USD, Brexit, EUR/USD, ECB, Dow Jones, Vaccine Doses

Market sentiment improved as the Nasdaq Composite, Dow Jones climbed. Investors are looking forward to Covid relief bills from the US as the world heads for its first vaccine doses. EUR/USD awaits ...

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USD/ZAR Outlook: Rand Anticipates Positive South African Q3 GDP Data

Tomorrows SA Q3 GDP data could carry the Rand toward a green December with a significant economic rebound.

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DAX 30 Lacks Bullish Momentum, EUR/USD Buyers Eyeing Pullbacks

Equity markets struggle to keep bullish momentum as vaccine enthusiasm gives way to political uncertainty

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Ripple (XRP) Setting Up for a Breakout as Bullish Pennant Forms

Ripple has consolidated its recent gains and is now looking at pressing further ahead if a bullish technical pattern holds true.

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Sterling (GBP) Continues to Crumble as EU/UK Brexit Talks Hit a Roadblock

GBP/USD is down nearly two cents in early turnover on a raft of negative Brexit trade talk headlines.

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British Pound Outlook: No-Deal Brexit Fears to Undermine GBP/USD

The politically-sensitive British Pound could be at risk of extended losses as a no-deal Brexit scenario becomes increasingly likely.

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Sunday, 6 December 2020

Gold Prices Buoyed By Weaker Dollar, Challenging Key Chart Resistance

A weaker US Dollar appears to be buoying gold prices since last week, pushing bullion to challenge chart resistance. Breaking higher could pave way for further upside potential.

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How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.

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US Dollar Vulnerable as SGD, INR Gain with Emerging Markets. What are Risks?

The US Dollar sank, with the Singapore Dollar and Indian Rupee rising. Emerging markets eye external risk as the first vaccine dose is circulated. With stocks at new highs, could profit-taking shak...

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Natural Gas Prices May Fall Further on Warmer Weather, Technical Outlook

Natural gas prices may see further losses despite a perch above chart support after falling last week as NOAA called for warmer temperatures.

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Australian Dollar Aims Higher Despite Mixed Response to China Trade Data

The Australian Dollar may be at risk of a short-term pullback against its major counterparts after dismissing robust trade data out of China, the nation’s largest trading partner.

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British Pound at Risk on Brexit Impasse, Yen Up as Market Mood Sours

The British Pound is wobbly amid worries about a last-ditch Brexit deal. The Yen as up as markets fret about soft US jobs growth and escalating tensions with China.

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Dow Jones, Hang Seng Weekly Open: Edging Higher with Fading Momentum

Asia-Pacific markets attempted to digest mixed macro data and vaccine news after major US stock indices closed at their record highs. A disappointing nonfarm payroll report reignited hopes for poli...

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Markets Week Ahead: GBP/USD, Brexit, EUR/USD, ECB, Dow Jones, Vaccine Doses

Market sentiment improved as the Nasdaq Composite, Dow Jones climbed. Investors are looking forward to Covid relief bills from the US as the world heads for its first vaccine doses. EUR/USD awaits ...

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S&P 500 May Be Vulnerable To a Pullback if the US Dollar Rebounds

The S&P 500 index exhibited a strong negative correlation with the US Dollar over the past 12 months. A potential rebound in the US Dollar may derail stock markets’ upward trajectory.

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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...