Crude Oil Prices Look Past Suez Canal Blockage, Gold May Rise on US PCE Data

Crude oil prices weakened despite the ongoing blockage at Suez Canal amid European lockdown woes. Gold could catch a breather if the US Dollar weakens on incoming core PCE data.

from DailyFX - Market News https://ift.tt/31jOvcL
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3lWrCph
via IFTTT

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...

from DailyFX - Market News https://ift.tt/3tSxeDO
via IFTTT

How to Trade Forex News: An Introduction

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

from DailyFX - Market News https://ift.tt/2ZL5jIR
via IFTTT

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.

from DailyFX - Market News https://ift.tt/39eLY8j
via IFTTT

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?

from DailyFX - Market News https://ift.tt/3cmSDz5
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3rmRMU2
via IFTTT

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.

from DailyFX - Market News https://ift.tt/31wOZN3
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3ro4K3h
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2OYlEZf
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3w1sltV
via IFTTT

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

from DailyFX - Market News https://ift.tt/3d3OOOl
via IFTTT

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.

from DailyFX - Market News https://ift.tt/31h7eFY
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2PlTUNP
via IFTTT

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...

from DailyFX - Market News https://ift.tt/3cmtZPf
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3tOQguT
via IFTTT

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...

from DailyFX - Market News https://ift.tt/3lMqftr
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3kyXzSh
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3sqIXta
via IFTTT

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?

from DailyFX - Market News https://ift.tt/3ciZn0T
via IFTTT