The FTSE 100 retraces three weeks of steady gains as inflation concerns cause equities to drop
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Wednesday, 12 May 2021
GBP/USD Shrugs at UK GDP, May Drop on US CPI Data
The British Pound may fall against the Dollar having been mostly unimpressed with better-than-expected UK GDP data as the spotlight turns to US inflation figures.
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Tuesday, 11 May 2021
Gold Prices Fall as USD and Yields Creep Higher Before Inflation Data
Gold prices retreated from a three-month high as the US Dollar strengthened alongside the 10-year Treasury yield. Wednesday’s US inflation data will be closely eyed by bullion traders.
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Crude Oil Prices Hold Gains as Stockpiles Fall, OPEC Lifts Demand Outlook
Crude oil prices are supported by falling inventories and demand optimism from OPEC during Wednesday’s APAC trade. The Colonial pipeline outage and US inflation data are in focus.
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Euro Technical Forecast: EUR/USD, EUR/AUD, EUR/JPY Charts to Watch
The Euro's technical posture against the US Dollar, Japanese Yen and Australian Dollar shows potential for near-term directional shifts. Here are the EUR/USD, EUR/AUD and EUR/JPY levels to watch.
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Dow Jones Retreats as Inflation Heats Up, Hang Seng and ASX 200 in Sour Mood
The Dow Jones index fell for a second day as inflation angst spread from tech to growth and value sectors ahead of US data. The Hang Seng and ASX 200 indexes may follow lower.
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Bitcoin, Ethereum, Dogecoin Moving Mainstream as Hollywood's Elite Embrace Crypto
Bitcoin, Dogecoin, and Ethereum have dominated the headlines in recent months as celebrities like Elon Musk and Mark Cuban tout blockchain technology as the “future of currency.”
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British Pound Forecast: GBP/AUD, GBP/CAD, GBP/NZD Rates
GBP/AUD remains rangebound, while GBP/CAD and GBP/NZD continue to coil ever more into their triangular consolidations.
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Stock Market Forecast: Is the Nasdaq 100 At Risk of Deeper Declines?
Volatile price action has seen the Nasdaq 100 fall precipitously to start the week as rising Treasury yields and inflation concerns pressure technology stocks. Losses have seen the index crater to ...
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What is Earnings Season & What to Look for in Earnings Reports?
Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.
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USD/MXN Price Outlook: Mexican Peso Eyes Banxico Rate Decision
USD/MXN price action is in the crosshairs headed into the Banxico interest rate decision due later this week. Dollar-Peso volatility could also accelerate in response to US inflation data on deck.
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What Does a Forex Spread Tell Traders?
Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.
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NZD/USD Rate Outlook Mired by Failure to Test March High
The failed attempt to test the March high (0.7303) may generate range bound conditions in NZD/USD as it snaps the series of higher highs and lows from the previous week.
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Fibonacci Confluence on FX Pairs
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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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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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 -...