Friday, 21 May 2021

British Pound Eyes 2021 High Ahead of Bank of England (BoE) Testimony

Fresh remarks from BoE officials may keep the British Pound afloat amid the growing discussion within the central bank to scale back the emergency measures.

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7 Surprising Facts About ECB Powerhouse Christine Lagarde

Christine Lagarde continues to lead the European Central Bank (ECB), paving the way for women in finance

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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...

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Stock Market Forecast: Nasdaq Slides on Strong US PMI Survey

The Nasdaq Composite is pulling back from highs of the week as Treasury yields jump in response to flash US PMI data just released by IHS Markit, which underscored mounting inflationary pressures.

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EUR/USD Outlook: 50-Day SMA Establishes Positive Slope Despite Dovish ECB

Looming developments in the 50-Day SMA (1.1983) may instill a bullish outlook for EUR/USD as the moving average appears to be establishing a positive slope.

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Crypto Mania, Elon Musk, U.S. Dollar – FinTwit Trends to Watch

Cryptocurrencies have been dominating headlines this week with questions being asked of Elon Musk’s influence as well as the persistent weakening of the U.S dollar.

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Gold Price Technical Outlook - Looking at a Topside Break of the Bullish Channel

Gold continues its multi-week push higher with trend resistance coming under increasing pressure

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Euro Latest: EUR/USD, EUR/JPY Price Action Set-Up, EU PMIs Mixed

EUR/USD holding support, while EUR/JPY remains in an uptrend

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British Pound (GBP) Outlook - Strong UK Sales Data Further Underpins GBP/USD

UK households celebrated the re-opening of parts of the economy in April by going on a spending spree, boosting the positive economic outlook narrative.

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Crude Oil Prices May Keep Falling as PMI Data Shows Inflation Swell

Crude oil prices may continue to decline if UK and US PMI data highlight a sharp inflation pickup that may not be as temporary as central bankers now believe.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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...

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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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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.

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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...