Monday, 28 June 2021

FX Week Ahead - Top 5 Events: Chinese & US Manufacturing PMIs; Eurozone Inflation; US NFP & Unemployment Rate; US Holiday

The final days of June and first days of July bring forth a mixed macro calendar.

from DailyFX - Market News https://ift.tt/3jjL4Ny
via IFTTT

GBP/USD & EUR/USD Longs Capitulate on USD Short Squeeze - COT Report

Euro and GBP feel the bulk of the US Dollar short squeeze.

from DailyFX - Market News https://ift.tt/35X1i7l
via IFTTT

US Dollar Technical Forecast: USD in Key Zone, PMI, NFP on Deck

The US Dollar has held on to a large portion of the FOMC-fueled gain, but USD bulls face their first major test in this week's PMI and NFP releases.

from DailyFX - Market News https://ift.tt/3xZsApE
via IFTTT

Gold Price Susceptible to NFP Report amid Looming Fed Exit Strategy

The price of gold may face headwinds ahead of the US Non-Farm Payrolls (NFP) report as Fed officials show a greater willingness to scale back monetary support.

from DailyFX - Market News https://ift.tt/3diBzKE
via IFTTT

USD/ZAR Forecast: Rand Donates Recent Gains as SA Enters Level 4 Lockdown

South Africa faces renewed lockdown measures, potential turning point for USD/ZAR?

from DailyFX - Market News https://ift.tt/3gXFgrw
via IFTTT

Australian Dollar Forecast: AUD/USD Consolidating as Key Resistance Holds

AUD reaction to renewed lockdown limited, key US data to driver sentiment this week.

from DailyFX - Market News https://ift.tt/35UKiyH
via IFTTT

British Pound Price Outlook: Unfazed by Political Rout, GBP/USD Picking Up Bullish Momentum

GBP/USD is building up to a bullish breakout after bouncing off trendline support

from DailyFX - Market News https://ift.tt/3wWiyWd
via IFTTT

Sunday, 27 June 2021

Crude Oil Prices Hit $74 ahead of OPEC+ Meeting on Demand Optimism

WTI crude oil prices hit fresh two-and-half year highs as the demand outlook strengthens. OPEC+ is planning to raise output at a meeting this week amid tightened market conditions.

from DailyFX - Market News https://ift.tt/3h2e2Qg
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3aTc7uJ
via IFTTT

Gold Prices Fall After US PCE Data Strengthens Fed Tapering Bets

Gold prices extended lower after US core PCE growth hit the highest level since 1992, reaffirming inflationary pressures. Boston Fed President Eric Rosengren hinted at first rate hike by the end of...

from DailyFX - Market News https://ift.tt/3xVMdyX
via IFTTT

How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

from DailyFX - Market News https://ift.tt/39fr3T7
via IFTTT

S&P 500 Hits All-Time High, Lifting Hang Seng and ASX 200 Sentiment

Wall Street stocks rallied on Friday despite a moderate pullback in the tech sector. Tesla will recall over 285k cars in China. NBS manufacturing PMI and US nonfarm payrolls data are in focus this ...

from DailyFX - Market News https://ift.tt/3x4ZepY
via IFTTT

Australian Dollar Forecast: AUD/USD Takes Hit on New Covid Lockdowns

AUD/USD is under pressure as Australia enacts a new round of lockdowns amid worries about the quickly spreading Delta variant of Covid-19. A speech from RBA Governor Lowe is eyed.

from DailyFX - Market News https://ift.tt/3wa8QhX
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3mk0EXh
via IFTTT

Markets Week Ahead: Dow Jones, US Dollar, Non-Farm Payrolls, Crude Oil, OPEC+

Market sentiment is mending again, with the Dow Jones, DAX 30 and CSI 300 on the rise despite Fed tapering bets being brought forward. The US Dollar is eyeing non-farm payrolls data. Crude oil pric...

from DailyFX - Market News https://ift.tt/3jgjGzR
via IFTTT

Forex Vs Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.

from DailyFX - Market News https://ift.tt/3sN1JLG
via IFTTT

Dow Jones & DAX 30 Forecasts for the Week Ahead

The Dow Jones might struggle to regain its footing as investors look to rotate out of value stocks and back into high-growth technology stocks. Meanwhile, the DAX 30 awaits inflation and employment...

from DailyFX - Market News https://ift.tt/3w1ZXXv
via IFTTT

What is Earnings Season & What to Look for in Earnings Reports?

Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.

from DailyFX - Market News https://ift.tt/3shEGat
via IFTTT

Mexican Peso Forecast: USD/MXN Balance of Risks Appears Tilted to the Downside

The possibility of Banxico embarking on an aggressive tightening cycle and positive risk sentimentshould drive USD/MXN lower in the near term, with the 2021 low being the immediate focus.

from DailyFX - Market News https://ift.tt/3has6Gr
via IFTTT

Saturday, 26 June 2021

Euro Forecast: Inflation Data May Prompt Fall in EUR/USD Price

EUR/USD has been on a roller coaster ride over the past fortnight; its next move could be lower, triggered by the coming week’s Eurozone inflation numbers.

from DailyFX - Market News https://ift.tt/3died7M
via IFTTT

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...