Sunday, 25 April 2021

Sentiment Indicators: Using IG Client Sentiment

IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.

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Saturday, 24 April 2021

Mexican Peso Weekly Forecast: USD/MXN Bears Remain in Control

The Mexican Peso holds its ground against the US Dollar despite slow vaccinations and a move away from risk.

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Euro Forecast: EUR/USD Outlook Still Constructive After Break Above 1.20

Last week saw EUR/USD break above 1.20 for the first time since early March; now it will likely pause for breath before possibly strengthening further.

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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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Gold Price Outlook Hinges on FOMC as US 10 Year Yield Defends April Low

The Federal Reserve interest rate decision may keep the price of gold afloat as the central bank relies on its non-standard tools to achieve its policy targets.

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US Dollar Forecast: Fed in Focus Amid Corporate and Capital Gains Tax Hike Bets

The US Dollar remains in a challenging environment as corporate and capital gains tax hike bets bring the Federal Reserve into the spotlight as the April meeting nears.

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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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Friday, 23 April 2021

Bitcoin (BTC), Ethereum (ETH) Crumble, Alt-Coins Hammered - Will Buyers Step Back In Again?

The cryptocurrency market took a sharp leg lower overnight, with the alt-coin space hit particularly hard. Is this the latest chance to buy cheaper stock?

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How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

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Australian Dollar Forecast: AUD/USD Eyes Inflation, Risk Trends

AUD/USD price action looks teed up to resume its ascent following a period of consolidation. Can broader risk trends and inflation data due for release ignite Australian Dollar strength next week?

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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EUR/USD Rate Outlook Mired by Failed Attempts to Test March High

The failed attempt to test the March high (1.2113) may push EUR/USD back within a descending channel as the ECB remains in no rush to switch gears.

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EUR/USD on Defense as US Dollar Firms Following Strong PMI Data

EUR/USD price action has ripped higher during Friday's trading session so far, but the US Dollar is trying to regain its footing and strengthen following solid PMI data just released by IHS Markit.

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Australian Dollar Forecast: Key AUD/USD, AUD/JPY Levels to Watch

AUD/USD indecision as range holds, eyes on CPI and Fed. AUD/JPY may struggle going forward.

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How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

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British Pound (GBP) - Positive UK Data Releases Should Stem Any Further GBP/USD Declines

A robust set of UK retail sales and PMI releases earlier today should bolster Sterling and prompt a push higher

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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Bitcoin, Ethereum Collapse on Biden Tax Plan

Bitcoin slumps below $50,000 as investors unload assets with the highest returns

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Euro Price Forecast: EUR/USD Aiming Higher on Easing Covid-19 Restrictions

A relatively uneventful ECB meeting, in combination with easing coronavirus restrictions in several European nations, could open the door for EUR/USD to extend recent gains.

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Thursday, 22 April 2021

Gold Prices Pause Rally as India's Covid Infections Surge, US Jobless Claims Fall

Gold prices retreated from an eight-week high as India reported a record daily increase of Covid-19 cases, dampening the outlook for demand. US jobless claims fell to a fresh pandemic low.

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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...