Wednesday, 9 June 2021

Bank of Canada Holds Rates Flat - USD/CAD Bounces

The Bank of Canada held rates flat this morning while keeping QE purchases to C$3 Billion/month.

from DailyFX - Market News https://ift.tt/3ipX7Zf
via IFTTT

Trading the Next Black Swan, War in Eastern Europe

Concerns are growing that the ongoing Russo-Ukrainian War could escalate in the near future, a development that could affect the current risk paradigm in the global financial markets.

from DailyFX - Market News https://ift.tt/34AsIze
via IFTTT

Canadian Dollar Price Latest - BoC Outlook, US CPI May Break the USD/CAD Trading Range

The Bank of Canada (BoC) policy decision hits the screens later today and USD/CAD traders need to be alert for a possible range break

from DailyFX - Market News https://ift.tt/3zdIv5b
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2RmYxbe
via IFTTT

Euro Outlook: EUR/USD, EUR/GBP Focus on ECB, US CPI and Brexit Battle

After a quiet start to the week euro traders are likely to pay attention to key events in the coming days

from DailyFX - Market News https://ift.tt/3giKIn7
via IFTTT

How to Short Sell a Stock When Trading Falling Markets

Short selling is a great way to trade on a falling market. Learn how to short stocks

from DailyFX - Market News https://ift.tt/3chNqsL
via IFTTT

British Pound (GBP) Price Outlook: GBP/USD Up Modestly as Haldane Hints at Tapering

The outlook for GBP/USD has improved marginally after comments by Bank of England Chief Economist Andy Haldane hinting at a reduction in UK monetary stimulus.

from DailyFX - Market News https://ift.tt/3iuaRlx
via IFTTT

How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions.

from DailyFX - Market News https://ift.tt/3gYBL4D
via IFTTT

Tuesday, 8 June 2021

Gold Prices Eye $1900 as Chinese PPI Beat Signals Building Price Pressures

Gold prices edged slightly higher as Chinese PPI surged to the highest level since 2008, hinting at further price pressures. Traders are eyeing the $1,900 mark ahead of Thursday’s US inflation data.

from DailyFX - Market News https://ift.tt/3x89gGl
via IFTTT

Three Women Leaders Changing Finance, Economics and Business

To mark International Women’s Day on March 8, we are highlighting three women leaders who are steering financial, economic and business organizations through unprecedented change.

from DailyFX - Market News https://ift.tt/3tmz539
via IFTTT

Crude Oil Forecast: EIA Inventory Stocks In Focus Following Bullish API Print

Crude oil broke above the 70 handle, with energy traders focused on Wednesday's EIA inventory figures following a bullish draw in Tuesday's API numbers.

from DailyFX - Market News https://ift.tt/351PhNG
via IFTTT

Dow Jones in Tight Range, Hang Seng, ASX 200 May Edge Higher

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.

from DailyFX - Market News https://ift.tt/2RzX2qL
via IFTTT

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.

from DailyFX - Market News https://ift.tt/34YCkUv
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3x6P8UV
via IFTTT

Fame, Fortune & Finance

Starstruck by big-name athletes and entertainers, investors stock up on special-purpose acquisition company stocks

from DailyFX - Market News https://ift.tt/3ghjvkV
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2SjeKiI
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3uZmUKh
via IFTTT

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).

from DailyFX - Market News https://ift.tt/3v4d2z4
via IFTTT

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...

from DailyFX - Market News https://ift.tt/2Skq0LB
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3iqlAxr
via IFTTT

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...