Gold prices climbed to a four-month high as a weaker US Dollar and falling longer-dated Treasury yields bolstered the appeal of the yellow metal. ETF inflows decelerated last week.
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Sunday, 30 May 2021
Dow Jones, Hang Seng, ASX 200 Outlook: Chinese Manufacturing PMI in Focus
Wall Street stocks shrugged off higher-than-expected core PCE inflation data. The Russell 2000 retreated as AMC Entertainment pulled back. Asia-Pacific investors are eyeing Chinese PMI today.
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Markets Week Ahead: Dow, Euro, Dollar, Oil, Bitcoin, RBA Decision, NFPs
Markets were rather uneventful last week with volatility cooling off as we head into the lull of summer, but event risk on the horizon looks plentiful. What's in store for the week ahead?
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Stock Market Forecast for the Week Ahead: The Summer Doldrums Approach
Seasonality may work to slow stock market price action as a drawdown in volume and volatility seep into the market. The major indices have already begun to show symptoms of range-bound price action.
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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.
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Saturday, 29 May 2021
Euro Forecast: EUR/USD Price Outlook Positive, Well Placed For More Gains
EUR/USD remains in an uptrend and is in a good position to reach the 1.23 level and then new highs for the year to date as the Eurozone economy improves and coronavirus cases drop.
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Gold Forecast Bright on Weak USD; Silver Eyes Multi-Year High
Gold price action advanced for its fourth-week straight as silver soared to multi-year highs thanks to a stubbornly weak US Dollar. Will gold and silver prices rise further or will Fed hawks stymie...
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Weekly Fundamental US Dollar Forecast: Inflation Fears Linger; May US NFP Due Friday
The ongoing erosion of US real yields, thanks to rising inflation expectations and stagnant US Treasuries, has proved to be a negative influence on US Dollar.
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NFP and Forex: What is NFP and How to Trade It?
Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.
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Bitcoin (BTC), Ethereum (ETH), Alt-Coins - Beware of Weekend Volatility
The 24/7 cryptocurrency market needs to monitored closely over the coming long weekend with volatility levels still high
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Friday, 28 May 2021
Australian Dollar Forecast: AUD/USD May Wilt on RBA, Falling Iron Ore Prices
The Australian Dollar may struggle as the RBA further hints at rolling the yield target to the November 2024 bond. AUD/USD remains vulnerable to falling copper and iron ore prices.
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Biden Administration Reveals 2021-22 Budget Forecast, Lack of Growth Apparent
The Biden Administration released its forecasted budget for FY 2021-22, highlighted by a strong rebound in employment and underwhelming growth over the next decade.
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GBP/USD Weekly Forecast: BoE Hawks vs UK Reopening Concerns
GBP/USD on the front foot to close the week. Bulls aim for YTD peak, while EUR/GBP range is maintained.
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The Federal Reserve Bank: A Forex Trader’s Guide
Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.
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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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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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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 -...