Monday, 7 June 2021

Nasdaq 100 Rally May Lead Nikkei 225, ASX 200 Higher, Bitcoin Falls

The Nasdaq 100 climbed as the FDA approval of a drug targeting Alzheimer’s disease bolstered the biotechnology sector. Asia-Pacific markets look set to open mixed. Bitcoin plunged below $34k mark.

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Bitcoin Falls to Critical Support as Wall Street Stutters on G-7 Global Minimum Tax

Bitcoin weakened further as US markets reacted with a modestly bearish tone following an agreement in the G-7 over a global minimum 15% tax rate.

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Crude Oil Price Forecast: Traders Set Sights Above $70 With Uptrend Intact

Crude oil trades at its highest level since late 2018 and could look to continue higher with sparse resistance overhead and a plethora of support beneath. A break above $70 would be a strong initia...

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FX Week Ahead - Top 5 Events: Chinese, Mexican, US Inflation Rates; BOC & ECB Rate Decisions

The second week of June sees a global focus on inflation concerns, both in data and in rhetoric.

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Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

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FinTwit, Women and Trading: An Interview with @DeadCaitBounce

Finance and trading are two areas where men considerably outnumber women. Progress is being made and DailyFX is highlighting that progress with a new series on women leaders changing finance.

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Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important.

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US Dollar Sentiment Weakens, EUR Longs Pick Up, CAD Consolidates - COT Report

USD shorts hit a 3 month high, Euro longs rise, while GBP net longs are slashed. CAD consolidates.

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Canadian Dollar Price Forecast: USD/CAD Ahead of BoC - Loonie Levels

The trend has been strong in USD/CAD but bears will face a rigid test over the next two weeks as a flurry of drivers come into the equation.

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Sentiment Indicators: Using IG Client Sentiment

IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.

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NZD/USD Rate Reversal Takes Shape Ahead of May Low

NZD/USD may continue to retrace the decline from the start of the month as it appears to have reversed course ahead of the May low (0.7115).

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FTSE Outlook: UK Index Faces a Stern Challenge with Yearly High in Sight

The bullish run continues for FTSE and other major indices but a stern challenge awaits if it is to continue

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DAX 30, IBEX 35 Outlook: NFP Data Supports Fed's Plan to Focus on Creating Employment Over Inflation

European stocks are trading a little softer as focus shifts towards inflation data

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British Pound (GBP) Latest: GBP/USD Within Range, GBP/JPY Eyes Key Levels

GBP remains within range. Delta variant raises reopening doubts, while GBP/JPY eyes multi-year levels.

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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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Sunday, 6 June 2021

Crude Oil Prices Eye Resistance at $70 as Selling Pressure Builds

WTI crude oil prices pulled back after hitting a two-and-half year high of $69.97. Investors are assessing a rosy demand outlook, the ongoing pandemic and the resumption of Iran nuclear talks this ...

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What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

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Gold Prices Retreat as Janet Yellen Backs Biden Stimulus, Higher Interest Rates

Gold prices retreated Monday after Janet Yellen showed her support for Biden’s spending plans and welcomed a “slightly higher” interest rate environment. Real yield edged higher, weighing on bullion.

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Forex Vs Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.

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Dow Jones, Hang Seng, ASX 200 Outlook: NFP Miss Buoys Stocks and Bullion

Wall Street stocks rebounded as a slight miss in nonfarm payrolls data alleviated Fed tapering fears. Falling yields and a weaker US Dollar boosted gold and crude oil prices. APAC markets opened hi...

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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...