Friday, 7 May 2021

Bitcoin, DOGE, Ethereum: Resilient ahead of Elon Musk SNL Appearance

Elon Musk’s Saturday Night Live (SNL) appearance has DOGE, Bitcoin and Ether on High Alert

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Will Lumber Prices Prick US Housing Bubble or Will Low Mortgage Rates Prevail?

There’s a lot of chatter among market participants about the state of the US housing market.

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British Pound Forecast: UK GDP Report to Go Unnoticed as BoE Tapers QE

The UK GDP report may generate a limited reaction in GBP/USD as the Bank of England (BoE) slows the pace of its weekly asset purchases.

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Meme Stocks: What are They and Why are They so Popular?

Meme stocks witnessed exponential rises in share price. Find out why and what the risks are?

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Dogecoin, Tesla, GameStop – FinTwit Trends to Watch Next Week

Dogecoin ($DOGE), Tesla ($TSLA), and GameStop ($GME) are three trending markets on FinTwit that traders might want to keep close tabs on in the week ahead.

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Stocks Push to All-Time Highs Following NFP Miss, Gold Spikes

The S&P 500 and Dow Jones pushed to new heights following a disappointing non-farm payroll report. The data miss and subsequent market reaction may suggest Fed tapering fears have eased.

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USD/CAD Snaps Lower as Big Miss on NFPs Fuels Weaker US Dollar

USD/CAD price action is back under pressure as the major currency pair snaps 30-pips lower to erase intraday gains in response to a big miss on monthly nonfarm payrolls data just released.

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How the COVID-19 Pandemic is Disrupting India’s Gold Demand

With COVID-19 cases rising in India, local gold demand has taken a hit. How will this affect the price of gold in Q2?

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NFP and Forex: What is NFP and How to Trade It?

Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.

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FTSE 100 Price Outlook - Multi-Month Rally Boosted by UK Local Election Results

The FTSE 100 hit a fresh 14-month high in early trade as the ruling UK Conservative Party won the previous Labour stronghold of Hartlepool for the first time.

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EUR/GBP Holding to Ascending Triangle, Awaiting Scottish Election Results

EURGBP bounces higher after BoE meeting, with focus on whether SNP get a majority in Scotland

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Gold Prices May Retreat as US Jobs Data Flags Sticky Wage Inflation

Gold prices surged before April’s US jobs report but the move may unravel if wage inflation proves stickier than expected, stoking bets on sooner Fed stimulus withdrawal.

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Thursday, 6 May 2021

Indian Rupee Gains May Not Last After Banking System Dollar Glut, USD/INR Eyes CPI

The Indian Rupee has been rising despite a surge in local Covid cases, owing to rising yields amid a temporary flood of US Dollars into the banking system. INR remains at risk, eyeing CPI data.

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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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Trouble for EUR/CAD, EUR/NOK: Q2 Top Trading Opportunities

The Euro has lost a significant amount of ground against the commodity-sensitive Norwegian Krone and Canadian Dollar in the first quarter of 2021. These losses appear to stem from the divergence in...

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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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AUD/USD Gains May Extend on China PMIs After Discounting AU-China Tensions

AUD/USD is tracking higher despite an overnight drop as tensions between China and Australia heat up further. Today's PMI prints out of China, and the RBA policy statement may move sentiment.

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US Dollar Outlook: USD/CAD Volatility to Rise, Jobs Data Looms

The US Dollar snapped notably lower during Thursday's trading session led by EUR/USD strength and USD/CAD weakness. USD/CAD price volatility might accelerate with high-impact jobs data due.

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Bitcoin Price Forecast: BTC Battles Resistance as Altcoins Siphon Demand

Bitcoin is grappling with resistance as altcoins like Doge rocket higher. While BTC remains the largest coin by market cap, surging prices elsewhere have begun to steal its appeal.

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Federal Reserve Hints at Potential Declines in Asset Prices, Calls for Hedge Fund Transparency

The Federal Reserve released its financial stability report on Thursday, in which the central bank highlighted the vulnerability of various asset prices.

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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...