Gold price action (XAU/USD) added to its string of gains on Tuesday. US Dollar weakness and lower real yields have helped propel the precious metal higher, but can gold bulls maintain the bid?
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Tuesday, 18 May 2021
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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USD/CAD Analysis: Loonie Strength Continues Ahead of Key Inflation Data Release
USD/CAD has been on a tear of late, with “post-taper” Loonie strength propelling the pair to lows not seen since 2015.
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Dow Jones Price Forecast: Broader Uptrend Remains Intact Despite Volatility
Although recent losses have worked to damage risk appetite and shorter-term trendlines, the broader uptrend enjoyed by the Dow Jones remains fully intact. Unless price breaks the trendline, the Dow...
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NZD/USD Rate Holds Above 50-SMA to Target March High
NZD/USD may attempt to test the March high (0.7307) as the exchange rate reverses ahead of the monthly low (0.7115) to hold above the 50-Day SMA (0.7139).
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How to Start Forex Trading in 7 Steps
Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. Learn more about what Forex is, how it works and how it compares to other markets.
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US Dollar Outlook: DXY Index Hammered as Treasury Yields Ebb
US Dollar bears have driven the broader DXY Index sharply lower to trade at its weakest level in 12-weeks. USD selling pressure likely follows softer Treasury yields as inflation, Fed taper fears w...
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Tesla, ARKK, Nasdaq 100 and S&P 500: Varying Stages of the Cycle
Are we nearing a major market turn as inflation prints beyond expectations? If so, gyrations inside of US equities may be showing us something.
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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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AUD/USD Rate Reverses Ahead of Monthly Low to Eye February High
AUD/USD may stage another attempt to test the February high (0.8007) as the exchange rate appears to be reversing course ahead of the monthly low (0.7675).
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DAX 30 Storms to Record High, EUR/USD Breaks Above 1.22 as Bullish Momentum Builds
Risk-on momentum returns as European assets reach for new highs
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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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Gold Price Forecast: Gold Break Out as Bulls Take Charge, FOMC Minutes Eyed
Gold bulls firmly in charge as softer USD and falling real yields underpin. FOMC minutes in focus.
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British Pound (GBP) Outlook - GBP/USD Looking at a New Three-Year High
A combination of US dollar weakness and Sterling strength is pushing GBP/USD back towards levels last seen in April 2018.
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Crude Oil Price Trend May Reverse, API Data and FOMC Minutes Eyed
Crude oil prices may turn lower – forming a bearish Double Top trend reversal pattern – as April’s FOMC meeting minutes shape Fed stimulus withdrawal bets.
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Monday, 17 May 2021
Three Women Leaders Changing Finance, Economics and Business
To mark International Women’s Day on March 8, we are highlighting three women leaders who are steering financial, economic and business organizations through unprecedented change.
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Bitcoin, Litecoin Aim Higher After Cryptos Get Musked Over Weekend
Bitcoin and Litecoin are moving higher after Tesla CEO Elon Musk's Twitter dealings injected volatility into the crypto market.
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Gold Price Outlook: Will XAU/USD Overturn the Medium-Term Downtrend?
Gold is trying to extend the near-term uptrend, capitalizing on a weaker US Dollar and rising inflation expectations. XAU/USD is facing key technical barriers ahead, will they hold?
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Nasdaq 100 Retreats on Inflation Concerns, Nikkei 225 and ASX 200 Open Higher
The Nasdaq 100 index pulled back slightly on Monday as inflation concerns weighed on sentiment. Gold and crude oil climbed amid USD weakness. Bitcoin slumped. Asia-Pacific markets opened higher.
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Japanese Yen Analysis: USD/JPY Points Higher as GDP Data Misses Expectations
The Japanese Yen could be at risk following a disappointing gross domestic product (GDP) print from Japan as USD/JPY eyes an Ascending Triangle chart pattern.
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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 -...