Monday, 14 June 2021

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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Gold Price Outlook: XAU/USD Top in Play as 10-Year Treasury Yield Rebounds?

Gold prices weakened as the 10-year Treasury yield gained. As US retail sales and PPI data loom, XAU/USD could be vulnerable to a top after a key trendline was taken out.

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Crude Oil Forecast: Price Eyes 2018 High as Air Travel Boosts Bullish Narrative

Crude oil prices moved above $71.00, eyeing the October 2018 high as increased air travel amid economic reopenings boosted the picture for demand.

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Nasdaq 100 Hits All-Time High, Hang Seng and ASX 200 May Follow

The Nasdaq 100 rallied 0.93% and closed at a record on Monday, setting a positive tone for Asia-Pacific markets at open. The RBA meeting minutes and US retail sales data will be in focus today.

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AUD/USD Eyes RBA Minutes After Iron Ore Rally Fails to Lift Aussie Dollar

The Australian Dollar may be set for movement on today's RBA meeting minutes after rising iron ore prices failed to help bolster AUD/USD.

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GBP/USD Eyes Trend Support as US Dollar Awaits Fed Dot Plot

GBP/USD price action has drifted lower with UK covid cases back on the rise, but the cable's direction likely hinges on how the US Dollar responds to the Fed dot plot update and threat of tapering.

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FX Week Ahead - Top 5 Events: Fed Meeting; US Retail Sales; Canadian & UK Inflation Rates; Australian Jobs Report

The third week of June brings forth a saturated macro calendar.

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Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead

The US indices await the June Fed meeting for clarity on economic projections, the state of inflation and the probable path of monetary policy. With much on the line, the event could revive volatil...

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AUD/USD Rate Stuck in Defined Range Ahead of Fed Meeting

The Federal Reserve rate decision is likely to sway the near-term outlook for AUD/USD as the central bank is slated to update the Summary of Economic Projections (SEP).

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How Central Banks Impact the Forex Market

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

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Has Bitcoin Bottomed? PTJ Makes Crypto Bull Case (Again)

Bitcoin (BTC/USD) put in a fresh higher-high this morning as a couple of high-profile market participants added some supportive commentary on the matter.

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Consumer Inflation Expectations Hit 4%, Dollar Unmoved as Traders Eye the Fed Meeting

Consumer inflation expectations in the U.S. rise to 4% in May from 3.4% in April, reaching its highest level since 2013, but fail to spur volatility in the dollar.

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Euro Technical Analysis: Losing Steam Ahead of FOMC - Levels for EUR/GBP, EUR/JPY, EUR/USD

The Euro has not made much progress in June and may be nearing a short-term inflection point as a result.

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USD/CAD Clears June Opening Range with FOMC Rate Decision on Tap

USD /CAD may attempt to test the May high (1.2352) if the Federal Open Market Committee (FOMC) shows a greater willingness to switch gears later this year.

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Markets Week Ahead: Nasdaq, Dow Jones, US Dollar, Fed, Gold, Crude Oil, Yen, BoJ

Traders rotated back into the Nasdaq Composite as it outperformed the Dow Jones. Inflation expectations and Treasury yields are falling ahead of the highly-anticipated Fed. Highlights next week inc...

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US Dollar Short Squeeze, GBP/USD Fights for Support, USD/CAD Bottom?

G10 FX ranges facing a test after USD short squeeze. All eyes on FOMC.

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Bitcoin (BTC/USD) Rallies Towards $40,000 as Elon Musk Tweet Fuels Positive Sentiment

Bitcoin rallied the best part of 10% over the weekend after Elon Musk said that Tesla would, conditionally, allow Bitcoin transactions in the future

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USD/ZAR Forecast: Rand Traders Tentative Ahead of U.S. Economic Data

Rand traders look forward to the FOMC meeting outcome later this week with USD/ZAR opening the week marginally stronger. Rand analysis points to short-term bullishness as we head into Q3.

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What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

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British Pound Price Outlook: GBP/USD Shakes Off Reopening Concerns, Focus on Inflation Data

GBP/USD continues to trade within its range as investors weigh reopening delay and economic outlook

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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...