EUR/USD Bullish Price Series Intact After Clearing February High

EUR/USD may continue to exhibit a bullish behavior after clearing the February high (1.2243) as it extends the series of higher highs and lows from earlier this week.

from DailyFX - Market News https://ift.tt/3bDLLN1
via IFTTT

USD/CAD Outlook - Daily Price Chart Hints at a Reversal, All Eyes on The Fed Minutes

USD/CAD continues to teeter on the edge with a break below 1.2000 possible. One chart signal however suggests a reversal may be forming.

from DailyFX - Market News https://ift.tt/2Ru8RPi
via IFTTT

Crypto Meltdown Continues - Bitcoin (BTC/USD) Slumps Below $40,000, Ether (ETH/USD) Gives In To Sellers

Cryptocurrencies accelerate losses as China bans digital currencies as a form of payment

from DailyFX - Market News https://ift.tt/3fwWzNV
via IFTTT

British Pound (GBP) Latest: GBP/USD Challenges Peak, EUR/GBP Unlikely to Break Out

GBP backdrop remains encouraging for now. YTD peak in focus.

from DailyFX - Market News https://ift.tt/3v2ybdE
via IFTTT

US Dollar May Rise if FOMC Minutes Reveal Inflation Debate

The US Dollar may rise if minutes from April’s FOMC meeting reveal policymakers are debating whether the recent inflationary uptick will be lasting.

from DailyFX - Market News https://ift.tt/3wiu8u1
via IFTTT

Michael Burry ‘Big Short’ on Tesla Stock Revealed Ahead of Key FOMC Minutes

‘Big Short’ famed Michael Burry revealed $534 million Tesla puts ahead of the FOMC meeting minutes. Is the stock vulnerable?

from DailyFX - Market News https://ift.tt/3hPoBY7
via IFTTT

Crude Oil Prices Fall as US-Iran Nuclear Talks, Stockpiles Eyed

Crude oil prices fell for a second day as markets weighed progress in US-Iran nuclear talks. US crude inventories climbed less than expected amount last week, buoying the outlook for energy demand.

from DailyFX - Market News https://ift.tt/3hCvHyM
via IFTTT

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.

from DailyFX - Market News https://ift.tt/33W9Vyc
via IFTTT

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.

from DailyFX - Market News https://ift.tt/33TblcL
via IFTTT

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 ...

from DailyFX - Market News https://ift.tt/2T2bDf9
via IFTTT

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.

from DailyFX - Market News https://ift.tt/33Wd54Y
via IFTTT

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?

from DailyFX - Market News https://ift.tt/3ouPT72
via IFTTT

4 Effective Trading Indicators Every Trader Should Know

Discover the best forex indicators for a simple strategy: Moving Average, MACD, Stochastic and RSI.

from DailyFX - Market News https://ift.tt/3spDAdO
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3uZrAR7
via IFTTT

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...

from DailyFX - Market News https://ift.tt/3hBwyjq
via IFTTT

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).

from DailyFX - Market News https://ift.tt/3wm75Pb
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3fmvWeI
via IFTTT

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...

from DailyFX - Market News https://ift.tt/33Upzdg
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3uZebZy
via IFTTT

Trading Forex at the News Release

Learn how to trade forex news at the release with our top news trading strategies

from DailyFX - Market News https://ift.tt/3qf0a6E
via IFTTT