The Bank of Mexico on Thursday kept its benchmark lending rate at 4.0%, as expected. USD/MXN was largely unchanged on the news but continued its drift lower.
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Thursday, 13 May 2021
USD/CAD Faces RSI Buy Signal After Clearing September 2017 Low
The Relative Strength Index (RSI) indicates a textbook buy signal for USD/CAD as the oscillator climbs out of oversold territory and pushes above 30.
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Copper Trading: Copper Trading Tips and Strategies
Copper may not be the world's most popular metal but it certainly is one of the more important.
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Shiba Inu: ‘Dogecoin Killer’ Slayed after Tesla Bitcoin Ban
Shiba Inu ‘Dogecoin Killer’ soars after Elon Musk’s SNL performance, but gets slayed after Tesla’s Bitcoin reversal.
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How to Trade Forex News: An Introduction
Find out the essentials of trading the news with this introductory guide to forex news trading
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Oil Price Stuck in May Opening Range After Failing to Test March High
The price of oil appears to be stuck within the opening range for May amid the failed attempt to test the March high ($67.98).
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Bitcoin (BTC) and Ethereum (ETH) Crushed, DogeCoin (DOGE) Slumps 20% as Tesla Halts Bitcoin Payments
A huge wave of selling in the cryptocurrency market has triggered double-digit losses in a wide range of coins, snapping the recent bull run
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Forex Vs Stocks: Top Differences & How to Trade Them
Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.
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Canadian Dollar Forecast: USD/CAD, CAD/JPY Risk of Reversal Rising
USD/CAD eyes on BoC Governor Macklem, CAD/JPY topside looking stretched.
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Is Gold a Good Inflation Hedge? - XAU/USD Rejected at Key Trendline, Focus on US PPI
Gold pulls back from key trendline as inflation data sees USD pick up momentum
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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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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....