Wednesday, 2 June 2021

British Pound (GBP) Price Outlook: GBP/USD Stable, With Near-Term Bias Lower

GBP/USD continues to lack direction near-term, with the UK’s successful coronavirus vaccination program offset by fears that an ending of the lockdown may be delayed.

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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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Tuesday, 1 June 2021

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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Crude Oil Prices Hit 2-Year Highs on Upbeat Demand Outlook, Falling Stockpiles

Crude oil prices extended higher after OPEC+ forecasted tighter market conditions and gave a green light to July output hikes. Markets expect US inventories to fall by more than 2 million barrels t...

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How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

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Gold Sputters at 1,900 as Fed Taper Talks Gain Steam, Silver Follows

Gold, silver and copper look ahead to the US NFP report. Meanwhile, gold is attempting to hold the psychologically imposing 1,900 level.

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AUD/USD Analysis: Australian Dollar Points Higher Following Strong Q1 GDP Data

AUD/USD looks higher following the release of Q1 GDP Data, highlighting the continued strength of the Australian recovery.

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Dow Jones, Hang Seng, ASX 200 Outlook: Small-Cap Rally as Reddit Trading Frenzy Returns?

Wall Street stocks closed mixed after a holiday break, with the Russell 2000 outperforming large-cap indexes. ISM manufacturing PMI showed economic strength. Oil prices surged to a two-and-half yea...

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USD/TRY Pushes Higher Following Erdogan's Comments on Interest Rates

USD/TRY pushed higher late on Tuesday as Turkish Prime Minister Recep Erdogan made his case for lower interest rates.

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Australian Dollar Outlook: AUD/USD May Extend Post-RBA Move if Q1 GDP Impresses

AUD/USD may extend yesterday's post-RBA strength if Australia's first-quarter Gross Domestic Product (GDP) beats expectations.

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Bitcoin Price Outlook: BTC/USD Rebound or ‘Dead Cat’ Bounce?

Bitcoin price action has coiled into a tightly wound spring as bulls and bears battle over where the cryptocurrency heads next. Will BTC/USD recover further or is the rebound just a 'dead cat' bounce?

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Trading the Next Black Swan, War in Eastern Europe

Concerns are growing that the ongoing Russo-Ukrainian War could escalate in the near future, a development that could affect the current risk paradigm in the global financial markets.

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British Pound Technical Analysis: GBP/AUD, GBP/CAD, GBP/NZD Rates Outlook

The Sterling-commodity currency crosses have been rangebound for quite some time. Will that change?

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USD/CAD Rate to Face Another Decline in Canada Employment

The update to Canada’s Employment report may spark a bearish reaction in the Canadian Dollar as job growth is anticipated to contract for the second consecutive month.

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Central Bank Watch: BOE & ECB Interest Rate Expectations Update

The BOE and the ECB are meeting later this month, but focus is on what they’ll do later this year and beyond.

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ETP Guide: How Exchange Traded Products Work

Exchange traded products (ETPs) offer investors several benefits. Learn more about what ETPs are, how they work and how they compare to other securities.

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Gold Price Rally Susceptible to Looming RSI Sell Signal

Looming developments in the Relative Strength Index (RSI) may indicate a textbook sell signal for the price of gold if the oscillator slips below 70.

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Dow, S&P 500, Nasdaq Pare Gains on Soft ISM Manufacturing PMI

The Dow Jones Industrial Average, S&P 500, and Nasdaq are peeling back from their gaps higher to start the first day of trading in June as markets digest a lukewarm ISM manufacturing PMI report.

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Crude Oil Outlook: OPEC+ Has a Tricky Task of Balancing Oil Inventories

As the global economic outlook looks more positive, U.S. crude oil (WTI) has been pushing to new highs and with summer around the corner will we see greater bullish stimulus?

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Canadian Dollar Outlook - USD/CAD Continues to Threaten Support as Oil Prices Jump

USD/CAD is stuck at the bottom of its recent trading range and support may soon crumble if oil prices continue their recent strong rally

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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...