Wall Street stocks pulled back broadly on Thursday as viral concerns casted a shadow over the growth outlook. 10-year Treasury yields fell to a 4-month low as reflation hopes faded, setting a sour ...
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Thursday, 8 July 2021
Australian Dollar Forecast: Risk Aversion Hammers AUD/USD, Chinese Inflation Eyed
Risk aversion swept through markets overnight, driving Treasury yields lower and dragging the risk-sensitive Australian Dollar down. Traders are watching Chinese inflation figures to cross the wires.
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Mexico’s High Inflation Opens Door to More Rate Hikes, Mexican Peso Outlook Brightens
Banxico may have to raise interest rates several times in the second half of the year to combat elevated inflation. Tighter monetary policy is likely to support the Mexican peso.
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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.
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Oil Price Rebound Emerges as US Inventories Contract for Eighth Week
The price of oil extends the rebound from the weekly low ($70.76) as US inventories contract for eight consecutive weeks.
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Central Bank Watch: BOE & ECB Interest Rate Expectations Update
The ECB’s July meeting is set to convene in two weeks, coming on the heels of its 18-month policy review that concluded on Thursday.
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Yen Rallies on Rates Theme: USD/JPY, EUR/JPY, GBP/JPY
We're in the summer and ranges are common, but the Yen may be threatening a larger reversal as US rates continue to fall.
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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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S&P 500 Testing Fibonacci Support as MACD Eyes Crossover
S&P 500 price action is coming under pressure as the stock market pulls drops over -1% from all-time highs. Investors might look to defend nearside technical support, but a MACD crossover looms.
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AUD/USD Trades to Fresh 2021 Low as RBA Defines ‘Full Employment’
AUD/USD trades to a fresh yearly low (0.7417) as RBA Governor Philip Lowe defends the dovish forward guidance for monetary policy.
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Crude Oil Outlook: Brent Falls as Technicals Reflect Bearish Fundamentals
Crude oil fundamentals have been stacking up with vagueness around OPEC+, the Japanese state of emergency and rising US-Iraq tensions; all culminating in a bearish image on the Brent crude price ch...
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Mexico’s Annual Headline Inflation Cools, but Core CPI Jumps, USD/MXN Shrugs Off Data
Mexico's annual headline CPI cools modestly in June, but the core gauge soars to its highest level since December 2017, a sign that inflationary pressures are become more broad-based.
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ECB Strategy Review: ECB Sets Symmetrical Inflation Target
ECB announces new inflation target as expected. Lagarde to speak from 1330BST.
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Equities Resume Pullback: DAX 30 and FTSE 100 Face Critical Levels
The DAX 30 is a tempting a bearish break from its triangle whilst the FTSE 100 toys with key support
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Japanese Yen Forecast: USD/JPY Tracks Plunging US Rates, JPY Bears Vulnerable
Low yield FX outperform as US yields extend slide. Japanese Yen bears vulnerable to bigger drop.
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EUR/USD Near Three Month Lows Ahead of ECB Policy Review
EUR/USD is trading just above 1.1800 and traders will be keen to see the outcome of the ECB’s long-awaited Strategy Review later in the session
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US Dollar May Score Key Break vs. Aussie as Market Mood Sours
The US Dollar may score a key breakout against its Australian namesake as China clamps down on tech firms and the Fed frets out-loud about inflation.
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Wednesday, 7 July 2021
Silver Price Forecast: A Stronger US Dollar May Weigh on XAG
Silver prices traded lower as the US Dollar climbed to a 3-month high after June’s FOMC meeting minutes were released. Prices may continue to consolidate in a tight range with an eye on $25.50 for ...
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Crude Oil Price Outlook Remains Chained to OPEC+ Output Uncertainty
Growth-linked crude oil prices weakened over the past 24 hours, remaining depressed by OPEC+ output uncertainty despite a recovery in market sentiment. WTI is eyeing a key trendline.
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New Zealand Dollar Technical Forecast: NZD/CAD, NZD/CHF, AUD/NZD Key Levels
The New Zealand Dollar's stance against the Canadian Dollar, Swiss Franc and Australian Dollar look set to strengthen further as technical patterns and levels signal a bullish bias for the Kiwi Dol...
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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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 -...