Monday, 24 May 2021

NZD/USD Bolstered on Bitcoin Leading Sentiment Recovery, RBNZ in View

The New Zealand Dollar is riding higher following a sharp recovery in market sentiment, driven by gains in Bitcoin after comments from Elon Musk lifted the crypto market.

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Crude Oil Outlook: Breakout Ready or Will Iran Risk Weigh?

Crude oil price action spiked nearly 4% higher on Monday to test the upper end of its recent range. Is the commodity gearing up for a breakout or will Iran nuclear deal and covid risks hinder gains?

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Trading Earnings Season: 3 Steps for Using Earnings Reports

Read on for our 3 steps to follow when using earnings reports for trading.

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Bitcoin Price Jumps as Elon Musk Tweets Progress Toward Renewable Mining

Bitcoin bounced Monday afternoon after Tesla CEO Elon Musk tweeted progress toward Bitcoin mining using renewable energy. The coin’s energy consumption has been a rising concern for many investors.

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NZD/USD Rate Rebound Emerges Ahead of RBNZ Rate Decision

NZD/USD attempts to retrace the decline from the previous week ahead of the Reserve Bank of New Zealand (RBNZ) interest rate decision on May 26.

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Canadian Dollar Forecast: USD/CAD Probes for Low, Loonie Levels

USD/CAD set a fresh seven-year-low last week, and then stalled. Is the prolonged bearish trend due a pullback?

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USD/JPY Attempts to Reverse Ahead of Monthly Low with US PCE on Tap

The update to the US Personal Consumption Expenditure (PCE) Index may influence USD/JPY as the Federal Reserve braces for a transitory rise in inflation.

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Canadian Dollar Positioning Looking Stretched, EUR/USD Bulls Rising - COT Report

USD shorts rise for 5th consecutive week. CAD longs moving to stretched territory, raising correction risks.

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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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How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

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EUR/USD Price Latest - Stubborn Multi-Month Resistance Remains Dominant

A holiday-thinned start to the week has seen EUR/USD slip lower as the US dollar picks up a very small bid

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Stock Market Holiday Calendar 2020/21

What holiday-related events impact the stock market? Find out in our annual holiday calendar.

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British Pound (GBP) Latest: GBP/USD Bulls Persist, EUR/GBP Upside Risks Rising

GBP bulls remain in control despite slight setback. EUR/GBP upside risks beginning to rise.

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Will the US Dollar, Top Markets Reveal Trend Tilt Amid News Lull?

The US Dollar, other top currencies, and key benchmarks – the Dow Jones, Nasdaq, Treasury bonds and gold – are left adrift by an empty economic docket. Where will they default?

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Sunday, 23 May 2021

Crude Oil Prices Climb as Recovery Gathers Pace, Iranion Concerns Ease

Crude oil prices extended higher as strong economic readings brightened the outlook for energy demand. US officials said that many challenges remain for the nuclear talks with Iran, easing concerns...

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Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important.

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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.

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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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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...