Friday, 11 June 2021

Gold Price Forecast: Gold Upside Test as US Rates Drop - Last Chance for Volatility

Gold hovers around 1900. Markets take transient view to inflation. FOMC provides last chance for volatility.

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Introduction to Pitchfork Analysis & Median Line Trading

Find out how parallels of these trend lines can be utilized to give structure to a market advance or decline.

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Muted Reaction to US CPI Puts Further Bearish Pressure on USD/CNH

The US Dollar fails to bounce higher after stronger than expected US CPI, causing USD/CNH to fall further

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The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.

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Thursday, 10 June 2021

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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Crude Oil, Gold Price Outlook: US Lifts Sanctions on Some Iranians, Inflation Ignored

Crude oil prices shrugged off the US lifting sanctions on some Iranian officials as gold did the same after eye-popping inflation data. What is the technical picture for WTI and XAU/USD?

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Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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The Federal Reserve Bank: A Forex Trader’s Guide

Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.

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Nasdaq 100 May Lead Hang Seng, ASX 200 Higher as Market Shrugs Off CPI

The Nasdaq 100 index rallied as investors shrugged off a stronger-than-expected US inflation data. Jobless claims reached a pandemic-low. Asia-Pacific markets look set to trade higher amid improved...

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US Dollar Analysis: Hot Inflation and a Potential Infrastructure Bill - More Weakness Ahead?

A bipartisan group of 10 Senators reached a preliminary agreement on infrastructure on Wednesday, potentially paving the way for a bill to be put in front of both Congressional chambers in the comi...

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Australian Dollar Forecast: AUD/USD Rises as Post-CPI Bond Yield Drop Drags US Dollar

The Australian Dollar looks to close out a quiet session on a higher note following key economic data prints that left the market with little reaction.

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DAX 30 & FTSE 100 Wedge Breaks Look Imminent, Catalyst Required

The DAX 30 and FTSE 100 have worked themselves into similar rising wedge patterns that may suggest a break lower is imminent. That said, such a breakdown may be difficult to establish given current...

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Central Bank Watch: BOE & ECB Interest Rate Expectations Update

The ECB’s June meeting is in the rearview mirror, while the BOE is due up in two weeks’ time.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is down on the day despite the 5% inflation print from this morning. Attention is now shifting towards next week's FOMC.

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USD/CAD to Track June Open Range as Post-BoC Bounce Fizzles

USD/CAD may consolidate before resuming the downward trend from earlier this year as it gives back the bounce following the Bank of Canada (BoC) interest rate decision.

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Trading the Digital Yuan: The first central bank-backed digital currency

The digital yuan (aka eCNY) is already being tested in mainland China, and the upcoming release of this new blockchain-enabled central bank digital currency (CBDC) is poised to further disrupt inte...

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Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.

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Central Bank Digital Currencies: If you can’t beat them, join them?

While cryptocurrencies boom, Central Banks the world over are jostling for supremacy in the CBDC race. Learn about Central Bank Digital Currencies (CBDCs) and how they could reshape the future of t...

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Oil Price Rally Pushes RSI Towards Overbought Territory

A move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen earlier this year.

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U.S. Inflation Accelerates in May at Fastest Pace since 2008, Treasury Yields Tick Higher

The May CPI jumps 0.6% on a monthly basis and 5% annually, the fastest pace since 2008 as the economic recovery kicks into high gear and energy costs remains skewed to the upside.

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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...