The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.
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Thursday, 27 May 2021
Euro Technical Outlook: EUR/USD, EUR/CHF Chart Levels
EUR/USD and EUR/CHF are in sensitive technical positions as the month draws to a close. Where to next?
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Nasdaq 100 Retreats as Reddit Retail Frenzy Returns, Hang Seng Index May Climb
The Nasdaq 100 index pulled back as small-cap stocks outperformed larger ones. Reddit traders pushed AMC Entertainment 35% higher. APAC markets look set to open steadily following strong US jobs data.
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Bitcoin (BTC) Analysis: Price Remains Vulnerable Despite Recent Bounce
Bitcoin appears to have settled down following a wave of panic selling and forced liquidations, but the cryptocurrency remains vulnerable in the near-term.
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NZD/USD Aims Higher But US PCE May Spark Volatility on Fed Policy Rethink
NZD/USD is aiming higher as the week draws on, but the upcoming US PCE print may spark a bout of volatility.
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USD/JPY Jumps to Monthly High, US Dollar Eyes PCE Inflation Due
USD/JPY catapulted higher on Thursday as Treasury yields climbed and exacerbated Yen weakness. The US Dollar now looks to the upcoming release of PCE inflation data for direction.
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The Scary Fed Number Everyone is Talking About
Volumes across the Federal Reserve’s open markets desk suggest that excess liquidity is being drained from financial markets. Is this the start of the taper?
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Gold Price Reverses at Resistance as Rally Remains Intact
After surging to its highest level since January earlier this week, gold suffered a slight pullback at resistance around $1,920. Alongside technical barriers, a slight rise in Treasury yields may h...
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Ethereum (ETH/USD) Strength Outshining Bitcoin (BTC/USD) Recovery
Crypto cooled after a massive sell-off, but now that coins are recovering, Ethereum is showing greater strength than Bitcoin. Might this be a sign of what's to come?
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Bitcoin (BTC), Gold, Gamestop (GME) & AMC – FinTwit Trends to Watch
FinTwit is abuzz this week with return of the meme stocks. Bitcoin (BTC/USD), spot gold (XAU/USD) in focus ahead of tomorrow’s PCE data.
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The Basics of Technical Analysis
This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.
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New Zealand Dollar (NZD) Forecast: NZD/USD, EUR/NZD, NZD/CAD Setups to Watch
NZD Jumps on Hawkish RBNZ Pivot. NZD/USD, EUR/NZD, NZD/CAD levels to watch.
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Bitcoin (BTC), Ethereum (ETH), Alt-Coins - Recovery Remains Fragile, Volatility Stuck at Near-Extremes
The cryptocurrency market is gradually recovering from last week’s clear-out and further consolidation is needed to boost positive sentiment
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Moving Average (MA) Explained for Traders
The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.
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British Pound (GBP) Price Outlook: GBP/USD Challenging Support
GBP/USD is edging lower, with trendline and moving average support both being tested as the US Dollar firms on persistent talk that the Fed will soon start discussing a tightening of monetary policy.
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US Dollar May Rise as Inflation Fears, Fed Outlook Hoard the Spotlight
The US Dollar may rise amid speculation that higher-than-expected inflation readings will prompt sooner-than-expected tapering of Fed monetary stimulus.
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Wednesday, 26 May 2021
Crude Oil Prices Drop on APAC Viral Resurgence, Iranian Supply Worries
WTI prices pulled back slightly as markets weighed extended restrictions in Japan and renewed lockdowns in Australia’s Victoria state. Concerns about Iranian supply may also limit oil’s upside pote...
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Gold Prices Pull Back From $1,900 as Stimulus Tapering Fears Gear Up
Gold prices retreated for a second day after the NBNZ hinted that it may start hiking rates next year, stoking fears about a wave of central bank tightening. The US Dollar and yields rebounded, wei...
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BTC/USD Recovery Halted on Iran Headlines, but Technicals Hint at More Upside
Bitcoin's recovery from the psychological 30,000 level was interrupted by negative headlines out of Iran. However, the cryptocurrency's technical posture suggest the ride higher may continue.
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S&P 500 Index Gains as Trades Eye US GDP, Nikkei and ASX 200 Climb
The S&P 500 index climbed modestly ahead of the release of US GDP, durable goods as well as initial jobless claims data. Asia Pacific markets are positioned for a steady start as inflation fears ab...
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...