Thursday, 20 May 2021

US Dollar and Yen May Rise as Meme Stocks, Coins Warn of Market Excess

The US Dollar and Japanese Yen may soar thanks to haven demand if traders run for the exits amid a collapse in meme stocks and novelty cryptocurrencies.

from DailyFX - Market News https://ift.tt/2T99RJa
via IFTTT

Gold Price Outlook: XAU/USD Eyeing Markit US PMI Data and Symmetrical Triangle

Gold is eyeing a Symmetrical Triangle as the weekend nears amid fading inflation expectations as commodity prices pull back. XAU/USD is also facing Markit US PMI data.

from DailyFX - Market News https://ift.tt/3f8i7lj
via IFTTT

Why Most Traders Fail and How to Increase Trading Success

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.

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

Nasdaq 100 Surges on US Jobs Data, Boosting Nikkei 225 and ASX 200

The Nasdaq 100 index rebounded strongly amid favorable jobs data and a weakening US Dollar, as fears about inflation eased. APAC markets look set to trade higher following a positive lead.

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

Australian Dollar Outlook: AUD/USD May Reverse Weekly Loss After Positive PMIs

The Australian Dollar is aiming higher on positive PMI figures despite a downbeat jobs report earlier in the week.

from DailyFX - Market News https://ift.tt/3u1x2BL
via IFTTT

Canadian Dollar Price Forecast: Can USD/CAD Reverse Course and Rally?

USD/CAD has fallen for months as rising crude oil prices, risk appetite and a weak US Dollar worked to drive the pair lower. Now with potential taper talk on the horizon, can USD/CAD reverse higher?

from DailyFX - Market News https://ift.tt/2Sf8Rm5
via IFTTT

US Dollar Forecast: EUR/USD, USD/JPY Look to PMI Data & Yields

The US Dollar recoiled -0.5% lower on Thursday as Treasury yields dropped. EUR/USD and USD/JPY price action now eye monthly PMI surveys due following yesterday's FOMC minutes release.

from DailyFX - Market News https://ift.tt/343ix64
via IFTTT

Bitcoin Price May Be in Peril After Losses Reshape Technical Landscape

Bitcoin suffered staggering losses this week as technical levels gave way and months of gains evaporated in hours. The loss of technical support and risk appetite could see Bitcoin suffer further d...

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

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.

from DailyFX - Market News https://ift.tt/3sN1JLG
via IFTTT

Central Bank Watch: Fed Speeches, FOMC Minutes, Interest Rate Expectations Update

Even though higher price pressures have been realized, Fed policymakers have been resolute in their intent on keeping policy on hold at present time.

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

Gold Price Rally Pushes RSI Into Overbought Territory

The move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher gold prices like the behavior seen in July 2020.

from DailyFX - Market News https://ift.tt/3wh8W7y
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/340NBDl
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3gV9dXm
via IFTTT

Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

from DailyFX - Market News https://ift.tt/3bHtIp0
via IFTTT

USD/CAD Bullish Price Series Intact Ahead of Canada Retail Sales

USD/CAD may stage a larger rebound going into Canada’s Retail Sales report as the series of higher highs and lows from earlier this week remains intact.

from DailyFX - Market News https://ift.tt/3hGT7Ds
via IFTTT

British Pound (GBP/USD) Analysis: Bearish Engulfing Denies Retest of Yearly High

The British Pound sold off slightly vs the US dollar as a bearish engulfing pattern denies test of previous yearly high

from DailyFX - Market News https://ift.tt/3oAbOK5
via IFTTT

Bitcoin (BTC), Ethereum (ETH) Rally Remains Brittle, Volatility at Extreme Levels

Wednesday’s cryptocurrency crash is being tempered today with the market well above yesterday’s sell-off lows, but volatility is stuck at acute levels

from DailyFX - Market News https://ift.tt/3v4uMLw
via IFTTT

US Dollar Jump on FOMC Faded, EUR/USD Recovers

FOMC prompts brief USD bid, Euro reclaims 1.22 as bull aim for recent high.

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

Crude Oil Price Drop May Continue on Inflation Impact Fears

Crude oil prices may continue to fall amid growing concerns about a sticky inflationary upshift that forces the Fed to pull back on stimulus sooner than expected.

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

Wednesday, 19 May 2021

How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

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

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...