Amidst a lack of fundamental news to move Sterling, attention will likely be on technicals near-term, and they’re suggesting a possible shift to the downside.
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Tuesday, 29 June 2021
Monday, 28 June 2021
Crude Oil, Gold, Natural Gas Forecast: Traders Eye US NFP Report and Heatwave
The US non-farm payrolls report (NFP) will likely influence price action in gold and crude oil prices as traders gauge the Fed's policy path. Meanwhile, a heatwave in the country is sending natural...
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Nasdaq 100 Hits Record High, Viral Concerns Weigh on ASX 200
The Nasdaq 100 surged to an all-time high on earnings optimism, outperforming the Dow Jones and S&P 500. Oil dropped while gold held steady. APAC markets look set to trade mixed today.
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Banks Resume Capital Distribution Following Federal Reserve Stress Test Results
Major US banks announced plans to resume and boost their capital distribution programs, with all but Citi electing to boost quarterly dividends.
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Australian Dollar Outlook: Lockdowns Straining AUD’s Path, RBA Outlook
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 Philip Lowe is eyed.
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Bitcoin ETF Filing by Cathie Wood’s ARK Faces Regulatory Hurdle
Bitcoin proponent and ARK Invest founder Cathie Wood has requested approval from the SEC to list a Bitcoin ETF, but the cryptocurrency failed to push higher as regulatory hurdles still linger.
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Luckbox Leans In With Stephanie Kelton
Stephanie Kelton is a rarity among scholars of economics. Instead of confining her ideas to a college lecture hall, she’s moved onto the world stage.
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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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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...
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AUD/USD Rate Snaps Five Day Rally with RSI Tracking Downward Trend
The rebound in AUD/USD appears to be stalling after posting its longest stretch of gains since August 2020, with the RSI tracking the downward trend established in May.
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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.
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GBP/USD & EUR/USD Longs Capitulate on USD Short Squeeze - COT Report
Euro and GBP feel the bulk of the US Dollar short squeeze.
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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.
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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.
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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?
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Australian Dollar Forecast: AUD/USD Consolidating as Key Resistance Holds
AUD reaction to renewed lockdown limited, key US data to driver sentiment this week.
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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
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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.
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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 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...
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Posts (Atom)
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....