Gold prices climbed to fresh four-month highs as a weaker US Dollar and extreme volatility in cryptocurrencies bolstered the appeal of the yellow metal. Gold ETFs saw accelerated inflows in May.
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Sunday, 23 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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Dow Jones, Hang Seng, ASX 200 Outlook: Strong PMI Data Buoys Markets
A string of upbeat PMI surveys from the US and Europe buoyed the Dow Jones index even as tech shares struggled. Bitcoin slumped further. The Hang Seng Index added 3 new constituents and rebalanced ...
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NZD/USD May Struggle as Bitcoin Plunge Drags Market Sentiment, RBNZ in Focus
NZD/USD may be pressured if a volatile weekend for Bitcoin sours broader market sentiment. The RBNZ rate decision is in focus this week, following New Zealand retail sales data.
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Markets Week Ahead: EUR/USD, Gold, Oil, Bitcoin, Dow, DAX, Inflation, RBNZ
Global markets were choppy and mixed this past week amid signs of deteriorating risk appetite. Cryptos plunged, stocks struggled, oil prices dropped, and gold gained with EUR/USD. Where to next?
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Nasdaq 100 May Start a Catch-Up Rally as Inflation Pressure Eases
Technology stocks cruised into the weekend with a positive mood, as inflationary pressure eased alongside commodity prices. The Nasdaq 100 index is positioned for a catch-up rally if this narrative...
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Saturday, 22 May 2021
Crude Oil Forecast: Iran Nuclear Deal Nears, Oil Bulls Unwind
Iran nuclear deal optimism sparks pullback in crude oil prices, but unlikely to derail outlook
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Find Your Forex Entry Point: 3 Entry Strategies To Try
Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.
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US Dollar Forecast: Yields, Inflation, Fed Taper Debate Are Key
US Dollar selling pressure prevailed and steered the DXY Index -0.3% lower last week in spite of Fed taper talks growing more heated. Eyes on inflation and yields to gauge where USD heads next.
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Gold Price Outlook: XAU Strength Likely to Continue on Dovish Fed, PCE in Focus
Gold strength may continue in the near term as the Fed stands firm on their transient inflation outlook. Nevertheless, hotter-than-expected PCE figures on Friday pose a potential headwind to XAU/USD.
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How to Research Stocks: A Step by Step Guide
Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.
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Friday, 21 May 2021
Bitcoin, Ethereum, Alt-Coins - Buyers Beware, Bullish Sentiment Broken, IRS Weighs In
Wednesday’s violent cryptocurrency capitulation has shattered this year’s bull surge and the market may take a long time to recover if it recovers at all
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How to Trade Forex News: An Introduction
Find out the essentials of trading the news with this introductory guide to forex news trading
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AUDUSD: The Critical Ingredient for Head and Shoulders Patterns
Head-and-shoulders patterns are some of the most recognizable charting formations, yet there is one element that I consider critical to the practicality of trading it. I highlight the critical dist...
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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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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....