GBP/USD and EUR/GBP are unlikely to break out of their recent tight ranges despite today’s much-anticipated US inflation data and ECB decision on Eurozone monetary policy.
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Thursday, 10 June 2021
Fibonacci Confluence on FX Pairs
Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight
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Wednesday, 9 June 2021
Crude Oil Prices Pull Below $70 as Rising Fuel Stockpiles Cools the Rally
Crude oil prices retreated from recent highs as a large build in gasoline fuel stockpiles dented sentiment, causing a pause in the rally. Yet the overall trend remains bullish-biased and the pullba...
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Gold Price Outlook: XAU/USD Eyes Fastest Expected Core Inflation Rate Since 1993
Gold prices may be at risk to the fastest expected pace of US core inflation growth since early 1993. If XAU/USD falls, rising support from March could maintain the upside focus.
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How to Manage the Emotions of Trading
Controlling emotions while trading can prove to be the difference between success and failure.
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S&P 500 Index Retreats Before US Inflation Data, APAC Stocks Open Mixed
The S&P 500 index is hovering near record highs as investors await US inflation data. Bitcoin rallied 11%. Asia Pacific markets traded higher at open
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Natural Gas Forecast: EIA Storage Report in Focus After Bullish Export Outlook
Natural gas spot prices have been on the rise, recapturing a key trendline, following the EIA's Short-Term Energy Outlook. Where can prices head from here?
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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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Chinese Yuan Strengthens Versus US Dollar as New Yuan Loans, US Inflation Data Linger
The Chinese Yuan gained versus the US Dollar following a hotter-than-expected PPI print ahead of credit growth figures. Wall Street moved lower ahead of tomorrow's US CPI figures.
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British Pound Technical Analysis: GBP/AUD, GBP/CAD, GBP/NZD Rates
The Sterling-commodity currency crosses remain rangebound.
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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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Trading Forex at the News Release
Learn how to trade forex news at the release with our top news trading strategies
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ESG Investing: How COVID-19 Has Augmented its Relevance in Financial Markets
Incorporating sustainability into investment portfolios has increased with the advent of ESG investing opportunities. COVID-19 has bolstered this trend, which will likely continue into the future.
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Mexican Peso Outlook Improves amid Receding Political Risks, but Caution is Warranted
Dissipating political risks in Mexico and the improving economic backdrop could support the Mexican peso in the short term, but the Fed normalization process continues to be a threat.
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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.
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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.
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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
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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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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
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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
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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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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...