Thursday, 18 February 2021

Bitcoin Forecast: BTC/USD Holds Above 50,000, Attracts Investors Looking for Higher Returns

Bitcoin sees flows from non-yielding assets but volatility could be a bad thing

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Japanese Yen Outlook: USD/JPY Holding at Support Ahead of Inflation Data

USD/JPY could be overextended with technical signals pointing to short-term price reversal, while fundamentals scheduled later today could provide upcoming volatility.

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British Pound (GBP) Latest: GBP/USD to Head Lower, EUR/GBP Lower Too

US Dollar strength and the consequent drop in currencies like AUD, NZD, GBP, EUR and CAD will likely resume after a brief round of profit-taking.

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Wednesday, 17 February 2021

Euro at Risk Ahead of ECB Minutes as Traders Assess Treasury Yields

The Euro may be at risk ahead of the ECB meeting minutes. Market mood is cautiously pessimistic heading into European hours as investors assess rising longer-term Treasury rates.

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Silver Prices May Continue Outpacing Gold Despite Rising Inflation Bets

Gold prices continue to move lower despite rising inflation bets. Investors have been friendlier towards silver over the same period, however. Why is there a disconnect?

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Dow Jones, ASX 200, Nikkei 225 Forecast: Chinese Market Reopen in Focus

Asia-Pacific stocks are poised for a mixed open as the US Dollar extended gains amid strong retail sales and higher inflation data. The Fed meeting minutes revealed little urgency for tapering. Chi...

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AUD/USD Looks Past Jobs Report, Focusing on S&P 500 and Sentiment

The Australian Dollar appears unimpressed following a generally upbeat AU jobs report. Earlier Wall Street sentiment appears to be driving action, for now.

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Bitcoin Price Forecast: BTC/USD Pushes to New Heights Amid Corporate Adoption

After breaking above $50,000 for the first time ever, Bitcoin has pushed higher still as US corporations wade into the cryptocurrency space. Can new entrants prolong the remarkable rally?

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S&P 500 Forecast: SPY ETF Clocks Outflows Alongside Gold, Treasury Funds

Exchange traded fund data reveals net outflows for the S&P 500-tracking SPY ETF. Meanwhile, investors have also pulled capital from funds with exposure to safe haven assets like gold.

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The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.

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EUR/USD Rate Pullback Emerges Ahead of Account of ECB Meeting

The broader outlook for EUR/USD remains constructive ahead of the account of the ECB meeting as the rate breaks out of the descending channel from earlier this year.

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What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

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South African Rand Dollar Forecast: USD/ZAR Humbles Bears, Treasury Yields Climb

Rising US Treasury Yields weigh on the Rand, pushing price action higher

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DailyFX Forex Trading Course Walkthrough: Part One

While the FX market shares many similarities with other markets, there is considerable nuance that one will want to learn when getting started in Foreign Exchange.

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Top 8 Forex Trading Strategies and their Pros and Cons

Compare the pros and cons of different forex strategies, from day trading to position trading.

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Oil Price to Hold Above Pre-Pandemic Levels on Overbought RSI Reading

The persistent overbought reading in the Relative Strength Index (RSI) may continue to coincide with higher oil prices like the behavior seen earlier this year.

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US Dollar Rises, Gold Extends Drop After Surging US Retail Sales

US Dollar extends rise after stellar US Retail sales data. Gold remains pressured and yields tick higher.

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Australian Dollar Forecast: AUD/USD Awaits Australian Jobs Report for Direction

Soaring US yields lends support to USD, however, AUD/USD bias remains support on dips.

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FTSE 100 Stuck Below 6,800 as Investors Monitor Inflation

The FTSE 100 hits resistance at 6,800 as energy rally cools off and inflation expectations rise

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Gold Price Outlook - Slumping Into Important Support Levels as US Bond Yields Jump

The recent pick-up in US bond yields and the US dollar is hitting gold hard with XAU/USD now trading back below $1,800/oz. and looking set to move lower

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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...