Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight
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Tuesday, 11 May 2021
Central Bank Watch: BOE & ECB Interest Rate Expectations Update
The BOE and the ECB won’t meet again for six weeks. Nevertheless, speculation around what they may do next continues to drive markets.
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Bitcoin Price Forecast: BTC/USD Threatens Bearish Reversal on Wedge Break
Bitcoin is at risk of a larger downturn after breaking beneath support to start the week. As a result, bulls may seek out secondary support from psychological levels and recent lows alike.
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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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USD/CAD Eyes September 2017 Low as RSI Sits in Oversold Zone
The oversold reading in the Relative Strength Index (RSI) may continue to coincide with a further decline in USD/CAD like the behavior seen in December.
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USD/ZAR Forecast: South African Rand Watchful Ahead of U.S. Inflation
U.S. inflation fears may prolong Rand strength and potentially breach January 2020 lows on USD/ZAR.
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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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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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Nasdaq 100 (NDX) Crumbles as US Inflation Fears Re-Ignite
A heavy sell-off overnight in the Nasdaq 100 has gathered pace in Europe with tech heavyweights registering further losses
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How to Short Sell a Stock When Trading Falling Markets
Short selling is a great way to trade on a falling market. Learn how to short stocks
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DAX, EUR Update - Reflation Trade Back On After Nasdaq Meltdown, USD Attempting Comeback
Inflation concerns revive the reflation trade, causing tech stocks to unwind some of their gains
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British Pound May Extend Sharp Rise with Queen's Speech in Focus
The British Pound may continue to build higher after scoring the largest one-day rise in 14 months if the Queen’s Speech encourages BOE stimulus withdrawal bets.
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Monday, 10 May 2021
Gold Price Outlook Turns to Fed Speak After Consumer Inflation Expectations Jitter
Gold prices gave up gains as the Fed’s consumer inflation expectations survey unnerved financial markets. Will the central bank’s commentary rekindle XAU/USD’s momentum ahead?
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Introduction to Basic Trendline Analysis
Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.
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Crude Oil Price Eyes EIA Report as Pipeline Shutdown, India Fog Outlook
Crude oil prices are moving slightly lower as a major supply shock in the United States continues. Meanwhile, crude oil is forming an Ascending Wedge, potentially threatening recent gains.
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The CPI and Forex: How CPI Data Affects Currency Prices
Find out how to use the Consumer Price Index to make informed trading decisions.
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Nasdaq 100 Tumbles on Inflation Fears, Nikkei 225 and ASX 200 May Fall
The Nasdaq 100 index tumbled on Monday as rising inflation concerns catalyzed profit-taking activity among the tech stocks. Asia-Pacific markets may follow a sour US lead lower.
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AUD/USD Eyes Chinese Inflation Amid Iron Ore Strength, US Dollar Fragility
AUD/USD is slightly weaker but remains near multi-month highs as the currency pair eyes Chinese inflation data amid surging iron ore prices and a weak US Dollar.
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Gold Forecast: Gold Volatility Surging as Real Yields Tumble
Gold price volatility is heating up as outlook for the precious metal improves. This has largely mirrored lower real yields - the difference between nominal interest rates and inflation expectations.
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Bitcoin Price Forecast: BTC/USD Threatens Bearish Reversal on Wedge Break
Bitcoin is at risk of a larger downturn after breaking beneath support to start the week. As a result, bulls may seek out secondary support from psychological levels and recent lows alike.
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...