Monday, 10 May 2021

USD/JPY Pares Post-NFP Decline as US Treasury Yields Recover

USD/JPY attempts to retrace the bearish reaction to the US Non-Farm Payrolls (NFP) report amid the rebound in longer-dated US Treasury yields.

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FX Week Ahead - Top 5 Events: Chinese, German, US Inflation Rates; Banxico Rate Decision; US Retail Sales

The second week of May sees a global focus in the first half and a North American focus in the second half.

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US Dollar Draws Near Key Support; EUR/USD to Two-Month Highs

It's been a fast and aggressive move of USD-weakness so far in Q2, but the Greenback has come to a key area on the chart around the 90-handle in DXY.

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USD/CHF, USD/SEK Lose 2021 Uptrends; USD/NOK Retains Bear Flag Breakout Posture

The US Dollar continues to struggle against a basket of European currencies.

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Gold Price Approaches 200-Day SMA for First Time Since February

The price of gold appears to be on track to test the 200-Day SMA ($1851) for the first time since February after establishing a double-bottom formation in March.

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Markets Week Ahead: Gold, EUR/USD, S&P 500, FTSE 100, Inflation, Sentiment

Global markets were relatively calm this past week, but big ticket items like inflation, retail sales, and consumer sentiment data have potential to ignite volatility. Where is gold, EUR/USD, S&P 5...

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USD/CAD Price Falls Further, Multi-Year Low Nears

USD/CAD is fast approaching lows last seen in September 2017 and there is little in the way of support to stop the pair from going sub-1.2000

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Altcoins Surge as Bitcoin Falls Behind - Ethereum at New Record High, Dogecoin Attempts to Recover from SNL

Altcoins build on Bitcoin weakness, Ethereum keeps up strong momentum

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As a New Retail Trader Age Rises, Heed Tales of Past Manias

In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.

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British Pound (GBP) Outlook: GBP/USD, FTSE 100 Power Ahead as UK Re-Opening Continues

Fresh from a strong set of UK election results, UK PM Boris Johnson will outline further plans for re-opening the UK economy later today.

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Mexican Peso Weekly Forecast: NFP Miss Helps USD/MXN Break Lower, Banxico Meeting in Focus

USD/MXN breaks below the 20 pesos mark as disappointing NFP figures cause the Dollar to dip

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Sunday, 9 May 2021

Crude Oil Prices Climb on Major US Pipeline Disruptions, Weaker USD

Crude oil prices climbed during Monday’s Asia-Pacific session as a cyberattack on the largest US oil pipeline raised concerns about a near-term supply shortage. A weaker US Dollar also buoyed commo...

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Gold Prices at 3-Month High amid USD Weakness after Big NFP Miss

Gold prices surged to a 3-month high as the DXY US Dollar index fell to a 10-week low. April’s nonfarm payrolls report came far below market expectations, cooling fears about tapering Fed stimulus.

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US Dollar Outlook: USD/SGD, USD/THB, USD/PHP, USD/IDR May Fall on Dovish Fed Speak

The US Dollar may fall versus ASEAN currencies if dovish Fed speak extends the boost in sentiment after a huge miss in non-farm payrolls. USD/PHP is eyeing the Philippine Central Bank.

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Dow Jones, Hang Seng, ASX 200 Outlook: Big NFP Miss Defies Tapering Fears

Wall Street stocks closed broadly higher as April nonfarm payrolls data fell sharply below expectations, cooling fears about tapering Fed stimulus. The US Dollar fell to a 10-week low, buoying prec...

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Australian Dollar Forecast: AUD/USD to Rise on Prevailing Sentiment?

AUD/USD looks to start the week on a positive tone after last week's US NFP miss increased the expected timeline on ultra-loose global monetary conditions.

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Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

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Markets Week Ahead: Gold, EUR/USD, S&P 500, FTSE 100, Inflation, Sentiment

Global markets were relatively calm this past week, but big ticket items like inflation, retail sales, and consumer sentiment data have potential to ignite volatility. Where is gold, EUR/USD, S&P 5...

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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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Will Dow Jones Outperform Nasdaq 100 as Inflation Debates Heat Up?

Optimism about post-Covid recovery drove capital from tech and into cyclical sectors, boosting the Dow Jones and pulling down the Nasdaq 100. Inflation expectations hit a multi-year high. Will this...

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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...