The commodity-linked Australian Dollar may look to run higher if Chinese trade data impresses after Australia's Ai Group Services Index posted an expansion for May.
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Sunday, 6 June 2021
Markets Week Ahead: Dow Jones, Gold, Canadian Dollar, BoC, Euro, ECB, US CPI
The Dow Jones ended on an upbeat as the US Dollar and Treasury yields weakened. Ahead, the Canadian Dollar and Euro are eyeing the BoC and ECB respectively. Will gold prices weaken on the US CPI re...
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Weekly Technical US Dollar Forecast: Rally Fizzling, Bears Retaking Control
The US Dollar (via the DXY Index) saw all of its weekly gains evaporate following the May US nonfarm payrolls report as US Treasury yields receded.
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Nasdaq 100 Forecast: Is the Market Prepared for Fed Tapering Stimulus?
The Nasdaq 100 index limped into the weekend in a sour mood, as robust jobs reports reignited fears about Fed tapering stimulus. The tech sector may be under further pressure if this narrative stre...
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Saturday, 5 June 2021
Euro Forecast: EUR/USD Price Outlook Stable, ECB Tapering on Back Burner
For Euro traders the week ahead will be dominated by the ECB meeting that ends Thursday but any hopes for clarity on when the Eurozone central bank will start tightening monetary policy will likely...
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Gold Price Outlook: XAU/USD at Risk to US CPI Beat Before June Fed Rate Decision
Gold prices were slightly scarred this past week, leaving XAU/USD at risk to a beat in US inflation data next. However, follow-through may have to wait until the Fed rate decision.
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US Dollar Outlook: USD Eyes US CPI, Contrarian Indicator Signaling a Bottom?
USD awaits US CPI and ECB, while rise in demise of dollar reporting may prompt contrarian signal.
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The Superforecasters
How a college-based team of students, faculty and volunteers bested government intelligence community prognosticators and gave birth to Superforecasting.
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Elon Musk and Bitcoin - The Biggest Break Up Since Kim and Kanye?
High-profile splits are commonplace these days, but are Elon Musk and Bitcoin really going their separate ways?
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Friday, 4 June 2021
Canadian Dollar Outlook Hinges on Bank of Canada (BoC) Rate Decision
The Bank of Canada (BoC) rate decision is likely to influence the near-term outlook for USD/CAD as the central bank starts to scale back its emergency measures.
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Australian Dollar Outlook: Risk Trends in Focus as Traders Weigh Policy Outlooks
The risk-sensitive Australian Dollar was a winner following Friday's US non-farm payrolls miss. Australian Westpac consumer confidence and US CPI are in focus next week as traders weigh central ban...
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Mexican Peso Weekly Forecast: USD/MXN Sways on US Jobs Data, Focus on Mexican Election
USD/MXN drops back below 20 Pesos per Dollar ahead of the Mexican mid-term elections on Sunday.
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Elon Musk Tweets: The Impact of Social Media on Markets
Elon Musk Tweets have a tendency to move markets, highlighting the influence of social media on trading
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US Dollar Drops, Gold Pops on Mixed NFP Report
A slightly weaker than expected NFP headline at 559k vs 650k expected. USD bulls disappointed.
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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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Posts (Atom)
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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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...