Friday, 4 June 2021

Crude Oil, Bitcoin (BTC) & AMC Rollercoaster – FinTwit Trends to Watch

Markets are in a state of upheaval this week with energies including U.S. crude oil reaching yearly highs, while recent FinTwit trending topics Bitcoin (BTC) and AMC are causing a stir.

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Gold Price Latest: Multi-Month Bullish Trend Survives its First Real Test

Gold remains under pressure from a strong pre-NFP US dollar and trend support may well be tested again

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US Dollar Price Action Setup for NFP: EUR/USD, GBP/USD, AUD/USD Levels

Market focus on NFP following the stellar ADP report. Key FX levels to watch.

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British Pound Price Outlook: GBP/USD Pullback Consolidates Ahead of NFP

GBP/USD drops towards 1.41 as NFP data looms after a strong beat in ADP figures

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How to Trade Forex News: An Introduction  

Find out the essentials of trading the news with this introductory guide to forex news trading

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Thursday, 3 June 2021

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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Indian Rupee at Risk as RBI Lowers GDP Estimates, Boosts Bond Buys. USD/INR Eyes NFPs

The Indian Rupee weakened after the RBI increased bond purchases and lowered GDP estimates at June’s rate decision. Ahead, USD/INR is eyeing US non-farm payrolls after a wedge breakout.

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Natural Gas Forecast: Key Trendline in Focus as Strong Exports Provide Support

Natural gas is on track to record its second weekly price gain. Strong export figures have helped underpin prices and remain in focus, but short-term weather and inventory drivers may inject volati...

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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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Nasdaq 100 Retreats, Hang Seng May Fall on Escalating US-China Tensions

The Nasdaq 100 index pulled back ahead of Friday’s nonfarm payrolls data, as fears about Fed tapering geared up. The Hang Seng Index faces a headwind of re-escalating US-China tension.

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Babylon, Telehealth Startup, Set to Go Public Following $4.2 Billion SPAC Deal

British telehealth startup Babylon is set to take public markets by storm following a massive $4.2 billion merger with Alkuri Global Acquisition Corp.

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Chinese Yuan Forecast: USD/CNH May Surrender Gains Despite Rising US-Sino Tensions

The Chinese Yuan continues to weaken from a 3-year high, but USD/CNH downside may continue even amid rising US-Sino tensions.

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AUD/USD Snaps Lower; US Dollar Volatility to Rise as NFPs Loom

AUD/USD turned sharply lower on Thursday and broke neckline support, providing confirmation of the bearish head and shoulder pattern. Will the US Dollar strengthen further on NFPs due for release?

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Nasdaq 100 Awaits NFP Report as Index Threatens Range-Bound Price Action

The Nasdaq 100 awaits an update on the domestic employment landscape in the form of the non-farm payrolls report as seasonal headwinds weigh on price action. A data surprise could revive volatility.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

The June FOMC meeting is under two weeks away, and it’s becoming evident that policymakers are beginning to lay the foundation for initial QE tapering efforts.

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Oil Price Forecast: Break of March High Negates Double Top Formation

The price of oil may approach the 2018 high ($76.90) as the break above the March high ($67.98) removes the threat of a double top formation.

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Canadian Dollar Price Outlook: USD/CAD Ahead of NFP - Loonie Levels

USD/CAD has finally found some support that can hold. But will sellers relent, even with Oil prices breaking out to fresh highs?

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Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.

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US Dollar Outlook: DXY Aims Higher on Robust Data, Taper Risk

The US Dollar is trading broadly stronger on Thursday as the DXY Index spikes 0.6% higher in the wake of robust economic data releases and mounting investor angst around the Fed taper debate.

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EUR/USD Rate Reserves Ahead of May High with NFP Report on Tap

EUR/USD appears to have reversed course ahead of the May high (1.2266) as the exchange rate extends the series of lower highs and lows from the monthly high (1.2254).

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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...