Tuesday, 18 May 2021

Gold Prices Test Key Chart Resistance on Weaker Dollar, FOMC Minutes Eyed

Gold prices are challenging a key resistance level at $1,875 and may be facing some selling pressure. A weaker US Dollar and rising inflation expectations are lending support to bullion prices.

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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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S&P 500 Index Retreats as Energy Stocks Fall, Nikkei 225 and ASX 200 May Follow

The S&P 500 index retreated for a second day as investors mulled inflationary pressures ahead of the release of April’s FOMC minutes. Crude oil fell on US-Iran nuclear talks. APAC markets look set ...

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AUD/USD Rises with Iron Ore as Westpac Consumer Confidence Looms

The Australian Dollar is gaining against the US Dollar as rising iron ore helps boost the Aussie Dollar. Westpac Consumer Confidence is in focus.

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Gold Price Forecast: XAU/USD Bid on Weak Dollar, Softer Yields

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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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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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...