Tuesday, 8 June 2021

S&P Stirs Near Highs, Russell 2000 Breakout Ahead of Inflation, FOMC

Stocks are bid ahead of a couple of big drivers on the economic calendar over the next week.

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EUR/USD Rate Rebound Stalls Ahead of ECB Rate Decision

The recent rebound in EUR/USD appears to be stalling ahead of the ECB meeting as it struggles to extend the series of higher highs and lows from the monthly low (1.2104).

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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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A to Z Crypto: Demystifying the Top Cryptocurrency Jargon

As cryptocurrencies gain popularity, so does the terminology and jargon associated with it. Here is a guide to the most popular crypto terms, definitions and acronyms.

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Gold Price Forecast: RSI Sell Signal Takes Shape Ahead of US CPI

The technical outlook for the price of gold is clouded with mixed signals as the RSI falls back from overbought territory to display a textbook sell signal.

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EUR/GBP Price Outlook: Potential GBP Vulnerability Ahead of EU-UK Talks

A sub-optimal resolution on the UK’s challenges in Northern Ireland may hurt the Pound as EC Vice-President and UK’s Brexit minister prepare for talks.

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Market Positioning Data Sending Bearish Signals for US Dollar | Webinar

Stock markets worldwide remain strong but IG client sentiment data are sending out bearish signals for the US Dollar against many other major currencies.

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BTC/USD Outlook: Bitcoin Nearing Bearish Breakout

Bitcoin continues to struggle as sellers aim towards the May low at 30,000

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USD/ZAR Outlook: Can SA GDP Figures Unsettle Recent Rand Strength?

Unsurprising South African GDP data has not swayed recent Rand strength but with more hard hitting U.S. CPI data later this week, will risk sentiment adjust?

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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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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...