Wednesday, 26 May 2021

Oil Price Forecast: Double Top Formation Intact Ahead of OPEC Meeting

The price of oil may consolidate ahead of OPEC’s Joint Ministerial Monitoring Committee (JMMC) meeting on June 1 as the double top formation remains intact.

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Wall Street CEOs Testify in Washington on COVID Relief, Diversity Efforts

The CEOs of JP Morgan, Goldman Sachs, Citi, and other prominent financial institutions met with Senators on Wednesday to discuss the role banks played in the implementation of various COVID relief ...

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Gold Price Forecast: XAU Bull Flag Breakout Begins to Pull Back

Gold prices put in a major breakout and, so far, haven't looked back. Might a pullback be in order?

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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How to Start Forex Trading in 7 Steps

Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. Learn more about what Forex is, how it works and how it compares to other markets.

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AUD/USD Rate Outlook Hinges on RBA Interest Rate Decision for June

AUD/USD may stage a larger rebound ahead of the Reserve Bank of Australia (RBA) interest rate decision for June amid the failed attempts to test the monthly low (0.7675).

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Gold Price Latest - Punching Through Resistance as The Bullish Trend Continues

Gold is currently taking out resistance at $1,900/oz. and is looking to test highs last seen at the start of the year.

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Canadian Dollar Forecast: Pushing to Lower Levels or Correction Ahead?

Exhaustion setting in as CAD stalls despite rising oil prices.

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British Pound (GBP) Price Outlook: Range-Trading Opportunities in GBP/USD

GBP/USD continues to trade sideways around the 1.4150 level and will likely ease back as the price nears its recent highs and rally when it nears the lows.

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Tuesday, 25 May 2021

How to Short Sell a Stock When Trading Falling Markets

Short selling is a great way to trade on a falling market. Learn how to short stocks

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Gold Price Forecast: XAU/USD May Rise Post RBNZ as Fedspeak Remains Dovish

Gold prices climbed, extending April’s bounce amid falling Treasury yields and an RBNZ rate decision that seemed to spark a domino chain that dented the US Dollar. XAU/USD may rise ahead.

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New Zealand Dollar Outlook: RBNZ Catapults NZD/USD on Possible 2H 2022 OCR Hike

NZD/USD jolted higher after the Reserve Bank of New Zealand left benchmark lending rates unchanged in May, but opened the door to a possible hike during 2H 2022.

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DailyFX Forex Trading Course Walkthrough: Part One

While the FX market shares many similarities with other markets, there is considerable nuance that one will want to learn when getting started in Foreign Exchange.

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AUD/USD Remains Fragile as China Pressures Speculation in Iron Ore, Copper

AUD/USD may face further consolidation as metals face mounting pressure from Chinese regulators. April's Westpac Leading Index is in focus.

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New Zealand Dollar Outlook: NZD/USD, AUD/NZD Eye RBNZ Decision

New Zealand Dollar volatility looks likely to accelerate with NZD/USD and AUD/NZD price action in focus headed into the upcoming RBNZ rate decision.

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Sentiment Indicators: Using IG Client Sentiment

IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.

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Gold Price Surges to Highest Level Since January, Can it Continue?

Gold surged to its highest levels since January as the precious metal set its sights on the $1,900 mark. The rally may be at risk, however, as taper talk from Fed officials could undermine further ...

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Introduction to Pitchfork Analysis & Median Line Trading

Find out how parallels of these trend lines can be utilized to give structure to a market advance or decline.

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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Global bond yields have dropped alongside commodity prices, holding back the trio of commodity-linked currencies.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD

The US Dollar set a fresh four-month-low this morning, but some comments from Richard Clarida may have spooked bears.

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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...