Coming in to Q2 my trade of short AUD/CAD had been predicated on US exceptionalism and the growing divergence between the BoC and RBA.
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Friday, 2 July 2021
Nasdaq 100 May Outperform the Dow Jones as Treasury Yield Curve Flattens: Q3 Top Trading Opportunities
A hawkish shift in the Fed’s monetary policy stance may mark another period of outperformance in the Nasdaq 100 index versus the Dow Jones Industrial Average.
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AUD Q3 Fundamental Forecast: Australian Dollar Outlook Mired by Dovish RBA Forward Guidance
The Australia Dollar faced headwinds throughout the second quarter of 2021 as the Reserve Bank of Australia (RBA) offered a dovish forward guidance for monetary policy, with AUD/USD trading to a fr...
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Reinvigorated Copper Trade - Fundamentals and Techs Remain Supportive: Q3 Top Trading Opportunities
Copper has been on a massive bull run ever since the March 2020 low and looks set to continue due to supportive technical and fundamental factors despite the recent sell-off.
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USD/JPY to Try to Move Higher out of Macro Wedge: Q3 Top Trading Opportunities
USD/JPY had been in a narrowing range the past few years, and on that was a chart that had been of interest for some time for the very reason that it hadn't been of much interest to the broader mar...
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Gold, Silver Price Pullback Could Provide Attractive Opportunities in Q3
If the Fed decides to drag its feet for kicking off the taper timeline, markets could unwind rate hike bets, and in turn, this may provide attractive opportunities for traders to go long gold and s...
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Dollar 3Q Forecast: Fed's Efforts to Temper Volatility Could Trip Up Greenback
The US Dollar ended the first half of this year with a smart rally and references to Fed rate expectations were frequently accompanying performance in the headlines. What does the Dollar face funda...
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CAD/JPY Bullish Breakout Potential Near Five-Year-Highs: Q3 Top Trading Opportunities
Central banks in Canada and Japan appear to be on divergent paths, and the CAD/JPY pair is very near a key point on the chart for bullish breakouts.
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Robinhood IPO, Non-Farm Payrolls & OPEC+ – FinTwit Trends to Watch
Another exciting week in financial markets as FinTwit was flooded by heavy hitting stories from different sectors namely, the Robinhood IPO, U.S. unemployment data (NFP) and OPEC+ meeting to addres...
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Post NFP Rand Price Setups: USD/ZAR, GBP/ZAR and EUR/ZAR
ZAR gained against a basket of majors (USD, GBP, EUR) after mixed NFP data revealed a higher unemployment rate despite adding more jobs
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US Dollar Pressured as Unemployment Rate Ticks Higher to 5.9%
US Dollar bulls look like they are disappointed by the latest nonfarm payrolls report, which showed the unemployment rate rise to 5.9% despite the economy adding 850K jobs in June.
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US Dollar Forecast: NFP Preview with Fed Policy & Market Impact
The DXY Index is hitting fresh 12-week highs with the US Dollar strengthening broadly headed into Friday's release of nonfarm payrolls data. How will the NFP report impact Fed policy and markets?
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Top 8 Forex Trading Strategies and their Pros and Cons
Compare the pros and cons of different forex strategies, from day trading to position trading.
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US Dollar Price Action Set Up for NFP: Two Way Risks for USD
Market focus on NFP, while pre-positioning raises two way risks for the greenback.
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How to Trade Forex News: An Introduction
Find out the essentials of trading the news with this introductory guide to forex news trading
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EUR/GBP Price Setup: Bearish Signals Remain Despite Bailey's Dovish Remarks
EUR/GBP resumes drop below 0.86 as technical setup suggest further bearish pressure
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British Pound (GBP/USD) Steadies Ahead of US Jobs Report
Sterling remains under pressure against a strong US dollar, and the pair may fall further if today’s US Jobs Report beats expectations.
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Gold Prices Coil Up for a Move as US Jobs Data Steers Fed Outlook
Gold prices are seemingly coiling up for the return of volatility as all eyes turn to June’s US jobs report. That may trigger market-wide repricing of the Fed policy outlook.
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Thursday, 1 July 2021
Trading Earnings Season: 3 Steps for Using Earnings Reports
Read on for our 3 steps to follow when using earnings reports for trading.
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Trading Forex at the News Release
Learn how to trade forex news at the release with our top news trading strategies
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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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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...