Wednesday, 31 March 2021

Forex Vs. Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.

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Bitcoin (BTC/USD) Poised for Fresh Highs or Major Reversal?

Bitcoin prices continue to edge higher despite regulatory controversy

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USD/JPY Rally Eyes March High as RSI Sits in Overbought Territory

USD/JPY appears to be on track to test the March 2020 high (111.72) as the Relative Strength Index (RSI) holds above 70 and sits in overbought territory.

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Euro Outlook: EUR/GBP, EUR/JPY & EUR/CHF Tech Set-Ups

This Euro focused article takes a look at technical set-ups for a number of popular Euro pairs

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Gold Prices Remain Weak, Silver Prices Break Key Technical Level

Gold on course for worst quarter since 2016, while silver breaks key technical level.

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USD/ZAR Outlook: Rand Resilient Despite Revealing Quarterly Bulletin

South African Rand remains robust as global factors continue to command influence over the minor pair. Key economic updates are high on the agenda this week which should provide expectant currency ...

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FTSE 100 Stuck Below 6,800 as Rising Yields Put Pressure on Stocks

The FTSE 100 is seeing a slower start after sluggish performance in the US on the back of rising yields as economic outlook improves

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Bitcoin (BTC/USD) & Ethereum (ETH/USD) Momentum Suggests New All-Time Highs Are Near

The cryptocurrency market continues to push higher with market heavyweight Bitcoin within touching distance of a new record high

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British Pound (GBP) Latest: GBP/USD Fails to Benefit From UK GDP Data

GBP/USD might have been expected to rise after upward revisions to UK GDP figures. The fact that it didn’t suggests possible near-term losses.

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Canadian Dollar Forecast: Hawkish BoC, Vaccine Divergence to Underpin CAD

The Canadian Dollar may extend gains against the Euro and Japanese Yen on the back of resilient oil prices, a hawkish shift in approach to monetary policy by the BoC and divergent vaccination rates.

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Tuesday, 30 March 2021

Crude Oil Prices Outlook: OPEC+ Output Cut Extension in Focus

The OPEC+ coalition will meet on April 1st to determine May production policy. Crude oil prices are weighed by a stronger US Dollar and a larger-than-expected build in inventories.

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Bitcoin in Focus as CFTC Issues $572 Million Fine for Crypto Ponzi Scheme

Bitcoin is in focus after Benjamin Reynolds, the ringleader of a recent Bitcoin Ponzi scheme, was hit with a $572 Million fine.

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Chinese Yuan Forecast: USD/CNH May Fall After Strong PMI Figures

USD/CNH may fall after Chinese PMI figures show economic activity remains strong in China, but safe-have USD bids may outweigh the upbeat data.

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Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.

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Australian Dollar Forecast: AUD/USD Eyes Biden Speech, Economic Data

AUD/USD is trading against the neckline of a Head and Shoulders pattern and is likely set to see movement on today's PMI release from China.

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S&P 500 Forecast: Index Creeps Toward 4000 Mark, Can it Break Higher?

The S&P 500 trades within striking distance of the psychologically-significant 4,000 mark but can it break the key barrier as weakness in market leaders like Apple and Amazon continues to weigh?

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US Dollar Outlook: DXY Index Forges Ahead to Fresh 4-Month High

The US Dollar is extending its advance as broad-based strength across USD price action propels the DXY Index to new four-month highs. Will the US Dollar continue to gain ground in the days ahead?

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USD/CAD to Track Monthly Range Amid Failure to Hold Above 50-Day SMA

Lack of momentum to push back above the 50-Day SMA (1.2644) may keep USD/CAD within the March range like the price action from earlier this month.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

The drumbeat continues: rising US Treasury yields are a sign of the market’s confidence in the recovery, not a sign that inflation will run higher and hotter than anticipated.

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Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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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...