Tuesday, 8 June 2021

Why Most Traders Fail and How to Increase Trading Success

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.

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British Pound (GBP) Price Outlook: GBP/USD May Slip Lower

GBP/USD continues to trade within a relatively narrow range but the bias could be to the downside as the EU and UK argue over Northern Ireland and talk persists of the UK delaying reopening.

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As a New Retail Trader Age Rises, Heed Tales of Past Manias

In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.

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Monday, 7 June 2021

Gold Prices See Pressures Building at $1,900, ETF Outflows an Ominous Sign

Gold prices fell below the $1,900 mark as the US Dollar strengthened as traders awaited US inflation figures this week. The world’s largest gold ETF saw net outflows for the first time in 5 weeks.

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Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

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Euro Stoxx 50 Analysis: Bullish Momentum Continues Ahead of ECB Meeting, US CPI Print

European equities edged higher to start the trading week as global investors cast their eyes to Thursday’s ECB policy meeting and US CPI print.

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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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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...