Wall Street stocks welcomed Fed Chair Jerome Powell’s dovish speech and closed higher. The Nasdaq 100 hit an all-time high. Asia-Pacific markets may follow a positive lead. The US Dollar retreated.
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Tuesday, 22 June 2021
Australian Dollar Forecast: Flash PMIs Ease With RBA Talks in Focus
The Australian Dollar's rebound may have gained another tailwind after a positive flash PMI report from IHS Markit, although the readings eased from May. RBA Assistant Governor Ellis will speak today.
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US Dollar Outlook: DXY Slides During Powell's Fed Testimony
The DXY Index hits session lows as the US Dollar slips broadly with Fed Chair Powell vowing to not preemptively raise interest rates at his congressional testimony.
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Bitcoin (BTC/USD) Breaches, Reclaims $30k in a Wild Day for Crypto
Bitcoin (BTC/USD) prices plummeted through 30k for the first time since January, but bulls reacted in a big way as BTC has went green on the day.
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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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Gold Price Forecast: Is XAU/USD at Risk of Further Losses?
Gold suffered a cataclysmic breakdown last week following the June FOMC meeting and has been unable to arrest the decline. With key support broken and Dollar strength on the horizon, gold could suf...
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The Most Volatile Currency Pairs and How to Trade Them
Find out what currency pairs may show the most volatility, and how you can tailor your strategy to capitalize on market volatility.
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US Dollar Technical Analysis: USD Grasps for Higher-Low Support
The US Dollar put in an aggressive spike last week. And so far this week, that strength has largely remained. Powell is on deck, ahead of a chorus of Fed speakers this week.
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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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USD/CAD to Stage Larger Correction on Another Overbought RSI Reading
USD/CAD may stage a larger correction over the remainder of the month as the Relative Strength Index (RSI) appears to be on track to indicate another overbought reading.
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EUR/GBP Price Action Set-Ups Ahead of BoE Rate Decision
The EUR/GBP currency pair continues to consolidate near the lower end of the trading range ahead of UK PMI data and BoE rate decision
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Sentiment Data Send Bearish Signal on USD/JPY as Uptrend Persists | Webinar
IG client positioning data are sending out a bearish signal for USD/JPY even though the pair continues to trend higher.
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US Dollar Shorts Damaged, GBP Bulls Eye EUR/GBP Pullback - COT Report
USD shorts wrongfooted by hawkish Fed. JPY short squeeze. GBP bulls look to fade EUR/GBP recovery
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Gold Price Outlook: XAU/USD To Gain on Dovish Fed Speeches
Gold prices resume pullback ahead of Powell’s speech later this evening
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Canadian Dollar Technical Pattern Forming, Hints at a Bullish USD/CAD Continuation
A ‘cup and handle’ formation is being made on the USD/CAD daily chart suggesting higher prices may be seen in the future
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British Pound (GBP) Price Outlook: Mildly Positive Ahead of BoE Meeting
Several factors could help GBP/USD modestly over the next couple of days but no significant move is likely ahead of the Bank of England’s policy meeting Thursday.
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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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Monday, 21 June 2021
Sentiment Indicators: Using IG Client Sentiment
IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.
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Gold, Crude Oil, Copper Forecast: Markets Recalibrating After FOMC Week
Increased rate bets following June's FOMC rate decision roiled markets, including commodities. Crude oil received a boost on Iran's election, while gold and copper look to incoming inflation data o...
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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....