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Wednesday, 30 June 2021

Introduction to Pitchfork Analysis & Median Line Trading

Find out how parallels of these trend lines can be utilized to give structure to a market advance or decline.

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British Pound (GBP) Price Outlook: More Losses Likely for GBP/USD

GBP/USD looks to be heading lower near-term as its decline from 1.40 a week ago persists despite signs of a truce in the so-called sausage wars between the UK and the EU.

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Tuesday, 29 June 2021

Crude Oil Prices Climb Ahead of OPEC+ Meeting, Viral Concern Eases

Crude oil prices held gains on vaccine optimism as traders awaited the OPEC+ meeting for clues about production hikes. API reported a sixth consecutive weekly fall in crude inventories.

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Gold Prices Fall as Moderna Vaccine Optimism Strengthens the US Dollar

Gold prices fell almost 1% on Tuesday as the US Dollar strengthened after Moderna’s Covid-19 vaccine was shown to be effective against the Delta variant. Prices remain fragile ahead of Friday’s non...

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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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Iron Ore Forecast: Prices May Stay Depressed Despite Upbeat Chinese Manufacturing PMI

Iron ore faces a tough recovery this week despite upbeat Chinese manufacturing PMI figures from the National Bureau of Statistics (NBS).

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Dow Jones Steady as Tech Stocks Rally, Hang Seng May Rebound

The Dow Jones closed modestly higher after a lab report showed Modena’s Covid-19 vaccine is effective against the Delta strain. The Nasdaq 100 hit an all-time high. APAC markets may rebound.

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Euro Stoxx 50 & IBEX 35 Outlook: Recent Rally at Risk as COVID Cases Rise Again

The recent rally in European equity benchmarks is at risk following a rise in new delta-variant COVID cases and fresh travel restrictions.

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Australian Dollar Outlook: Delta Variant Weighs on Outlook, Chinese PMIs on Tap

The Australian Dollar moved lower against the Greenback overnight as investors become increasingly concerned over the spread of the highly transmissible Delta Covid variant. AUD/USD is eyeing Chine...

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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S&P 500 Looks to ISM Manufacturing for Next Price Action Driver – a Preview

June ISM manufacturing data will be released on Thursday. The results may provide clues about the state of the recovery and guide the near-term trajectory of the S&P 500.

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US Dollar Price Forecast: DXY Breakout on Hold, Awaiting Catalyst

The US Dollar basket is in the midst of a potential longer-term breakout that has stalled as market activity drops. With a recent double bottom formation, the Dollar basket could continue higher if...

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NZD/USD Slips Back Below 200-Day SMA After Snapping Five Day Rally

The rebound from the fresh yearly low (0.6923) may continue to unravel as NZD/USD trades back below the 200-Day SMA (0.7045) after snapping a five day rally.

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Bitcoin (BTC/USD), Ethereum (ETH/USD) Take on Tone of Recovery

Crypto markets are recovering from last week's breakdown move, with both Bitcoin and Ethereum putting in short-term higher-highs and lows.

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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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S&P 500 Rally to Extend on Red-Hot Consumer Confidence Data

The S&P 500 Index is gaining ground during early Tuesday trade with risk appetite looking firm after scorching red-hot consumer confidence data just crossed the wires and topped market forecast.

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