Tuesday, 15 June 2021

US Dollar Price Action Setups Pre-FOMC: EUR/USD, GBP/USD, USD/CAD

The big meeting is here and the USD is bouncing ahead of the statement. Might Dollar bulls get some room to run here?

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USD/JPY Eyes June High Ahead of FOMC amid Recovery in US Yields

USD/JPY approaches the monthly high (110.33) as longer-dated US Treasury yields recover ahead of the Federal Reserve interest rate decision.

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Australian Dollar Forecast: AUD/USD Dragged Down by Copper Correction

AUD sentiment softens ahead of FOMC. Copper in correction territory.

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Market Sentiment Data Negative for CHF, Neutral for CAD, Gold | Webinar

IG client sentiment data are sending no clear signals on two of the most popular assets with traders currently, the Canadian Dollar and gold, but suggest taking bearish positions in the Swiss Franc.

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DAX 30, IBEX 35 Outlook: Path of Least Resistance Ahead of Fed Meeting

European stocks are drifting higher ahead of the Federal reserve meeting tomorrow

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Gold Price Outlook - Struggling to Pull Back Losses as FOMC Meeting Looms

Gold is finding it difficult to recoup recent losses after breaking below the multi-week bull channel yesterday

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British Pound (GBP) Price Outlook: GBP/USD Range Trading to Persist Ahead of UK CPI

GBP/USD will continue to trade sideways before and after UK inflation data due Wednesday ahead of the US Federal Reserve’s announcement of its decisions on US monetary policy later in the day.

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US Dollar May Extend Gains vs. Euro, Retail Sales and PPI Data Eyed

The US Dollar may continue to push higher against the Euro amid speculation about tapering Fed stimulus after EUR/USD made good on bearish technical cues.

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British Pound (GBP) Latest: GBP Underpinned by Robust Jobs Report

UK jobs report shows signs of an improvement. However, price action in GBP likely muted until FOMC.

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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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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...