Thursday, 25 March 2021

Copper Prices Sink to Two-Week Low on US Dollar Strength

Copper prices weakened as risk averse investors sought safety in the form of US Dollars as fears grew over COVID outbreaks in Europe, while tensions between the West and China continue to escalate.

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Dow Jones May Lead Hang Seng, ASX 200 Higher as the Fed Lifts Bank Dividend Restrictions

Wall Street stocks rebounded broadly as the Fed allowed banks, which can clear stress tests, to raise dividends after this June. The US Dollar rose on strong economic data. Asia-Pacific equities ar...

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How to Trade Forex News: An Introduction  

Find out the essentials of trading the news with this introductory guide to forex news trading

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Mexican Peso Gains on Banxico Rate Hold, Sending USD/MXN Towards Key Support

USD/MXN pushed lower as the Peso strengthened following a slightly less dovish Banxico rate decision. Meanwhile, traders continued to monitor the situation at the Suez canal.

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Gold Price Outlook: XAU/USD at the Mercy of US Dollar Strength

Gold has faced headwinds for quite some time as precious metal bulls struggle to reprieve XAU/USD price action from sustained selling pressure. When might gold outlook improve?

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Introduction to Pitchfork Analysis & Median Line Trading

Find out how parallels of these trend lines can be utilized to give structure to a market advance or decline.

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S&P 500, Gold, Oil Fund Flows as Virus Cases Rise

S&P 500, Gold, and Oil ETFs have had mixed reactions to recent developments in the global macro outlook.

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Bitcoin Blindsided by Ban Warning from Dalio, BTC Near Key Support

BTC posed an aggressive pullback after Ray Dalio mentioned the elephant in the room. But Bitcoin bulls are nearing a big test at the 50k marker.

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USD/CAD Rate Rebound Fizzles Ahead of 50-Day SMA on Less Dovish BoC

The recent rebound in USD/CAD appears to be stalling ahead of the 50-Day SMA (1.2652) as the Bank of Canada (BoC) signals a looming shift in monetary policy.

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The Suez Canal and the Importance for Crude Oil Prices

The Suez Canal is among the top chokepoints for global oil trade, where disruptions can have a large impact on crude oil prices.

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GOLD Outlook: XAU/USD Sideways Consolidation Gearing Up for Breakout

Third wave concerns and rising yields underpin the sideways consolidation in gold, but direction has got to come at some point

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Euro (EUR/USD) Price Outlook - Sellers Remain in Control as Support Breaks

The single currency is slipping lower against the US dollar and looks set to trade with a 1.17 handle in the very near future.

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British Pound (GBP) Latest: EUR/GBP Outlook More Positive, Further Gains Possible

The EUR/GBP cross rate has been edging higher for almost a week now and, while the advance has been modest, it could persist as an EU/UK vaccine war is averted.

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Dow Jones, Russell 2000 Probing Key Support as Reopening Trade Unwinds

The unwinding of the reopening trade in the face of a wave of fresh lockdowns and rising cases in Europe has weighed on the Russell 2000 and Dow Jones. However, this may prove short-lived given the...

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Gold Price Trend Points Lower, Crude Oil Rebound May Fizzle

Gold prices are biased lower as a shallow bounce leaves the 2021 downtrend intact. Crude oil managed a spirited bounce but gains seem corrective before selling resumes.

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Wednesday, 24 March 2021

Nasdaq Fell While Oil Gained, Nikkei 225 and ASX 200 Held Steady amid Tech Rout

A renewed wave of a selloff in tech pulled Wall Street equity benchmarks lower, while energy and material sectors gained on rising crude oil prices. Asia-Pacific markets look set to face another ch...

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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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NZD/USD Selloff May Continue as Vaccine Rollout Issues, Geopolitical Risks Rise

NZD/USD may continue to push lower as vaccine rollout issues continue to stress market sentiment. US equities fell after strong Treasury auction demand pushed yields lower.

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Bitcoin Price Outlook: BTC/USD Probes Critical Trend Support

Bitcoin price action has been under pressure over recent trading sessions as BTC/USD gravitates lower due to a stronger US Dollar, but can key trendline support keep the cryptocurrency afloat?

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Nasdaq 100 ETF Sees Largest Inflow Ever as Index Wrestles With Losses

The Nasdaq 100-tracking QQQ ETF recorded its largest inflow ever Monday, even as tech stocks floundered around recent levels. Will surging demand mark a change in trend for equity markets?

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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...