Friday, 28 May 2021

US Dollar Stays Strong After PCE Inflation, Spending Data

The US Dollar is trading broadly stronger on Friday, but USD price action might look to trim some of its gains following in-line PCE inflation and personal spending data just released.

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Euro Latest: EUR/USD Upside Exhausted, Risking a Pullback

EUR/USD holding support for now. Upside looking exhausted.

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British Pound (GBP) Outlook Remains Positive Going Into The Long Weekend

The British Pound remains bid going into the long weekend after hawkish commentary from Bank of England policymaker Gertjan Vlieghe

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Gold Price Rise May Fizzle as US PCE Data Beckons Fed Action

Gold prices may turn lower having stalled near the $1900/oz figure if US PCE data registers hotter inflation than expected, beckoning the Fed to rethink its stimulus programs.

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Thursday, 27 May 2021

Why a Rise in Retail Trading May Signal Another Mania

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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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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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...