Gold pulls back from key trendline as inflation data sees USD pick up momentum
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Thursday, 13 May 2021
US Dollar May Rise Further as PPI Data Stokes Inflation Fears
The US Dollar may continue to push higher if PPI data tops forecasts, stoking worries about runaway price growth that forces sooner Fed stimulus withdrawal.
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Wednesday, 12 May 2021
Crude Oil Prices at Risk if US PPI Data Echoes the Consumer Inflation Beat
Crude oil prices are at risk after a surprisingly strong US CPI report. A similar outcome from PPI data ahead may further pressure WTI lower as the Colonial Pipeline restarts.
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Why a Rise in Retail Trading May Signal Another Mania
The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.
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Gold Price Forecast: XAU Eyes US Retail Sales After CPI Boosts Fed Rate Bets
Gold prices may look towards US retail sales and consumer confidence data for direction after a surprising inflation report drove sharp volatility.
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Dow Jones, Nasdaq 100, Nikkei 225, ASX 200 Outlook Vulnerable After 2008 High US CPI
The Dow Jones, Nasdaq 100 and S&P 500 sank after US consumer prices rose the most since 2008, bringing forward Fed policy tapering bets. The Nikkei 225 and ASX 200 appear vulnerable.
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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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Bitcoin (BTC) Plunges on Tesla Bitcoin Suspension, AUD/USD Spars USD Strength
Bitcoin plunged after Tesla CEO Elon Musk announced that the company is suspending the acceptance of Bitcoin for purchases. Meanwhile, AUD/USD struggles against a sharply strong US Dollar.
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Ethereum (ETH) Continues to Outshine Bitcoin (BTC) Performance
Ethereum price action has edged lower with other major cryptocurrencies like Bitcoin, but Ethereum continues to dominate the broader crypto space as highlighted by the ETH/BTC ratio.
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Gold Price Forecast: Can Gold Stage a Major Breakout?
Gold has rallied to the topside of its downtrend and white-hot inflation data could help spur the precious yellow metal higher. Can gold stage a breakout to snap its 8-month downtrend?
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AUD/USD Pullback Eyes 50-Day SMA as Bearish Price Series Emerges
The decline from the monthly high (0.7891) has push AUD/USD towards the 50-Day SMA (0.7708) as the exchange rate carves a series of lower highs and lows.
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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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Nasdaq Extends Slide, Bond Yields Spike on Fed Taper Fears
The Nasdaq is extending its slide and leading the broader stock market lower as bond yields turn sharply higher in response to red-hot inflation data and fears of an expedited Fed taper timeline.
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4 Effective Trading Indicators Every Trader Should Know
Discover the best forex indicators for a simple strategy: Moving Average, MACD, Stochastic and RSI.
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EUR/USD Rally Stalls Ahead of February High Even as ECB Slows PEPP
The recent rally in EUR/USD appears to have stalled ahead of the February high (1.2243) as the exchange rate snaps the series of higher highs and lows from last week.
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Top 10 Candlestick Patterns To Trade the Markets
Discover the 10 most reliable candlestick patterns for trading the financial markets.
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US Dollar Rockets Higher as Inflation Spikes to 4.2% in April
The US Dollar is ripping sharply higher in response to red-hot inflation data just crossing market wires. Headline and core CPI came in at 4.2% and 3.0%, which could up the ante for Fed taper talks.
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Elon Musk Hints at Tesla DOGE Alliance but Lands Short of the Moon
Elon Musk’s latest Dogecoin tweet spurs volatility amid speculation that Tesla may adopt Dogecoin as another method of payment
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How to Trade After a News Release
Looking to trade post release? Read on for more on approaching volatile conditions after news events.
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US Dollar (DXY) Forecast - US CPI and UST 10-Year Sale Hold Sway Over the USD
The latest look at US inflation today is followed by a hefty 10-year US Treasury auction, adding fuel to an already volatile session.
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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 -...