Sunday, 23 May 2021

Gold Prices at 4-Month High as ETF Inflows Accelerate, Bitcoin Tumbles

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.

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

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/3unJ20V
via IFTTT

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 ...

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

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.

from DailyFX - Market News https://ift.tt/3oK3Dev
via IFTTT

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?

from DailyFX - Market News https://ift.tt/3yINE54
via IFTTT

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...

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

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

from DailyFX - Market News https://ift.tt/3fdMAy4
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3nTLr0h
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3yzg0i7
via IFTTT

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.

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

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.

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

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

from DailyFX - Market News https://ift.tt/2Sb1E6J
via IFTTT

How to Trade Forex News: An Introduction  

Find out the essentials of trading the news with this introductory guide to forex news trading

from DailyFX - Market News https://ift.tt/2ZL5jIR
via IFTTT

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...

from DailyFX - Market News https://ift.tt/3yyI6tU
via IFTTT

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.

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

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

from DailyFX - Market News https://ift.tt/3vbxD5g
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/3wmLh5Q
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3hFW6vP
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3yvXFm0
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3fz4fiQ
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...