Monday, 21 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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Nasdaq 100 Rebounds as Tapering Fears Ease, Hang Seng and ASX 200 Climb

The Nasdaq 100 rebounded as Fed Chair Jerome Powell’s comments soothed market fears about tapering. This may set a positive tone for APAC trade. Bitcoin tumbled after China intensified a crackdown ...

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US Dollar Forecast: Fed Offers Best Week in Months, Pressuring SGD, THB, IDR, PHP

The US Dollar may gain versus ASEAN currencies like the Singapore Dollar, Thai Baht and Philippine Peso after the Fed projected 2 rate hikes by the end of 2023. All eyes on US PCE data.

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NZD/USD Rebound May Extend on Q2 Consumer Confidence Amid Shaky Global Sentiment

The New Zealand Dollar rebounded overnight following a sharp weekly decline against the US Dollar. An upbeat Westpac consumer confidence print may help the Kiwi Dollar extend gains.

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Banxico Expected to Keep Rates at 4%, but a Hawkish Pivot May Support the Mexican Peso

Banxico will announce its June monetary policy decision on Thursday. No change in interest rates is expected, but the central bank could adopt a more hawkish forward guidance.

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4 Effective Trading Indicators Every Trader Should Know

Discover the best forex indicators for a simple strategy: Moving Average, MACD, Stochastic and RSI.

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Stock Market Forecast: Amazon's Prime Day is Making Retailer History

Amazon is making history with its Prime Day event that has seen company sales surpass totals tallied on Black Friday and Cyber Monday combined. Can Amazon reel in massive profits again this year?

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AUD/USD Rebounds From Fresh 2021 Low with RSI Buy Signal Taking Shape

AUD/USD bounces back from a fresh 2021 low (0.7477), with the RSI indicating a textbook buy signal as it rebounds from oversold territory and climbs back above 30.

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Canadian Dollar Forecast: USD/CAD Surge Pulls Back - Loonie Levels

After showing one of the cleanest USD trends coming into June, USD/CAD has reversed aggressively as the Fed took on a less dovish tone. Do USD/CAD bulls have more room to run?

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USD/JPY Reverses Ahead of 2021 High with US PCE Price Index on Tap

USD/JPY appears to have reversed course ahead of the 2021 high (110.97) as the exchange rate carves a series of lower highs and lows from the June high (110.82).

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USD/ZAR Forecast: SA Rand Pulling Back After Hawkish Fed Scare

The rand is slowly clawing back lost gains after last weeks poor performance against the dollar. This being said, was last week an overreaction to the Fed announcement or will the ZAR continue it’s...

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Euro Latest: EUR/USD Recovery Faces Hurdle, Powell Risk Ahead

Fallout from the FOMC’s Hawkish Surprise Continues to Reverberate Around the Market.

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Bitcoin (BTC), Ethereum (ETH) Sell-Off Accelerates Into Support, Crypto Market a Sea of Red

The weekend sell-off continues today as the cryptocurrency market crumbles with double-digit losses seen across the board

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DAX 30 Outlook: Looking for New Trend as Economic Recovery Stabilizes

European stocks continue their pullback as inflation expectations weaken on hawkish Fed projections

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British Pound (GBP/USD) Breaks Supportive Trendline Ahead of Bank of England (BoE) Meeting

GBP/USD has broken below a multi-month supportive trendline, hitting a two-month low.

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Sunday, 20 June 2021

Crude Oil Prices Rise as Iran Nuclear Talks Yield No Progress

WTI crude oil prices extended higher as nuclear talks between world powers and Iran yielded little progress. Prices are also buoyed by demand optimism and tight supply conditions.

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As a New Retail Trader Age Rises, Heed Tales of Past Manias

In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.

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Gold Prices Vulnerable to Further Losses as Tapering Fears Intensify

Gold prices paused a six-day decline and stabilized near $1,770 – a chart support level. The US Dollar retreated slightly. Concerns surrounding the Fed tapering stimulus may weigh on the precious m...

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US Dollar Forecast: Fed Offers Best Week in Months, Pressuring SGD, THB, IDR, PHP

The US Dollar may gain versus ASEAN currencies like the Singapore Dollar, Thai Baht and Philippine Peso after the Fed projected 2 rate hikes by the end of 2023. All eyes on US PCE data.

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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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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...