Gold continues to bump into resistance around $1,800/oz. and traders will now wait to see if the latest US jobs report sets up a clean break or a retracement lower.
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Thursday, 6 May 2021
Bank of England Preview: Will the BoE Taper QE?
BoE watchers eyeing a possible QE taper amid the improving UK economic backdrop and QE capacity restraints.
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Ethereum (ETHUSD) Outperforms as Bitcoin (BTCUSD) Shows Signs of Exhaustion
Altcoins build on positive momentum as Bitcoin struggles in its approach to 60,000
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Trading Forex at the News Release
Learn how to trade forex news at the release with our top news trading strategies
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Canadian Dollar (CAD) Price Outlook: USD/CAD Poised For Further Leg Lower
USD/CAD looks ready to resume its previous decline after relative stability in the pair over the past seven days, with CAD benefiting from the persistent strength of crude oil prices.
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British Pound Aims Higher with BOE Stimulus Unwind in Focus
The British Pound is on the upswing and may gain more ground against the Euro as all eyes turn to the Bank of England for clues about its plans to unwind Covid-era stimulus.
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Wednesday, 5 May 2021
Crude Oil Prices May Turn Lower From Key Chart Barrier
Crude oil prices were unable to capitalize on an outsized draw from US inventories amid signs of softer end demand. Technical positioning warns that a major top may be forming.
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Gold Price Forecast: Fed Speak in Drivers Seat as Jobs Report Approaches
Gold prices look to the highly-anticipated non-farm payrolls report, but the Federal Reserve and its members' reaction to the jobs print will likely be gold's next big price driver.
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AUD/USD Sinks as China Suspends Economic Talks with Australia, Will Support Break?
The Australian Dollar fell as China’s NDRC suspended economic talks with Australia ‘indefinitely’, risking escalating tensions. AUD/USD remains glued to risk trends ahead of the US jobs report.
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Bitcoin Rebounds Back Towards $60K, Dogecoin Continues its Upward Surge
Bitcoin prices may continue to recover lost ground in the coming days on the back of US bank adoption, while Dogecoin could drift lower ahead of Tesla CEO Elon Musk’s SNL appearance.
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S&P 500 Index May Lead Nikkei 225 and ASX 200 Higher Amid Reflation Theme
The S&P 500 index edged marginally higher as traders continued to rotate out from growth and into value stocks on reflation hopes. APAC markets are poised for a mixed start as Chinese and Japanese ...
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The Federal Reserve Bank: A Forex Trader’s Guide
Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.
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New Zealand Dollar Analysis: NZD/USD Energy Builds After Positive Economic Data
NZD/USD momentum appears primed to continue following an upbeat building permits figure showing a 17.9% month-over-month rise for March.
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Crude Oil Price Outlook: WTI Peels Back from Year-to-Date Highs
Crude oil price action is struggling to take out technical resistance near the $66.00-handle as India, the world's third largest oil importer, grapples with a worsening covid-19 outbreak.
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USD/BRL Points Lower as Brazil's Central Bank Raises Selic Rate to 3.5%
In a widely expected move, the Brazilian Central Bank increased the Selic rate by 75 basis points to 3.5% as the country looks to combat hotter than expected inflation.
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Stock Market Forecast for the Week Ahead: Reflation Trade Reignited
Equity traders have had their hands full this week as they juggle various influencers ranging from macroeconomic themes, seasonality and earnings season. Amidst the chaos, a popular trade has retur...
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Three Women Leaders Changing Finance, Economics and Business
To mark International Women’s Day on March 8, we are highlighting three women leaders who are steering financial, economic and business organizations through unprecedented change.
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AUD/USD Tracks 50-Day SMA Ahead of RBA Statement on Monetary Policy
AUD/USD continues to bounce along the 50-Day SMA (0.7707) ahead of the RBA Statement on Monetary Policy amid the failed attempt to test the March high (0.7849).
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Dogecoin: Doge Jumps Ahead of Elon Musk's SNL Appearance
The Tesla Technoking has an appearance on SNL this weekend, and this may be helping to drive the massive breakout in the meme coin, Dogecoin.
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US Dollar Rattles at Resistance: EUR/USD, USD/CAD, USD/JPY
The US Dollar is holding at a big zone of resistance, but buyers haven't been able to breakout yet even on the heels of Yellen's overheating comment.
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Posts (Atom)
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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....