Wall Street stocks closed mixed as traders awaited the US CPI data. The Russell 2000 outperformed large-cap indexes amid a volatile session. APAC markets opened mixed ahead of China inflation data.
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Tuesday, 8 June 2021
Euro Forecast: EUR/AUD, EUR/CAD, EUR/NZD Rates Outlook
The Euro has been experiencing a countertrend rally against the trio of commodity currencies in recent weeks. Longer-term technicals remain bearish, however.
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Nasdaq 100 Price Forecast for the Week Ahead
The Nasdaq 100 awaits an update on the domestic inflation situation as seasonal headwinds weigh on price action. A data surprise could revive volatility.
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Fame, Fortune & Finance
Starstruck by big-name athletes and entertainers, investors stock up on special-purpose acquisition company stocks
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Gold Price Chart Posts Bullish "Golden Cross" Formation, Will it Rally?
Gold posted a bullish technical pattern that could hint a continuation higher is in the works. That said, bulls will still need to negotiate the upcoming Fed meeting and overhead resistance.
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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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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....