Friday, 9 July 2021

NZD/USD Price Outlook: Trading Range Develops Ahead of RNBZ Rate Decision

The Kiwi Dollar looks to have settled into a trading range ahead of the RNBZ rate announcement next week where no change to the rate is expected

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South African Rand Dollar Price Forecast: USD/ZAR Poised for Bullish Breakout?

The South African Rand remains resilient against the US Dollar as price action remains suppressed at major resistance.

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Chinese Yuan (CNH) Sees Muted Reaction Following PBoC Rate Cut

As widely touted, the PboC announces a 50bps rate cut. USD/CNH tests 6.5000.

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Gold Price (XAU/USD) Struggling to Break Meaningfully Higher

Gold’s recent move higher is coming under pressure and the near-term outlook may turn negative if short-term trend support fails.

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British Pound Down on Soft UK GDP Data. Is GBP/USD Topping?

The British Pound fell as May’s UK GDP report fell short of expectations, reinforcing a recent dovish shift in Bank of England policy bets. GBP/USD may be forming a major top.

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Thursday, 8 July 2021

Iron Ore to Rise Further as US Infrastructure Deal Aids Recovery Outlook: Q3 Top Trading Opportunities

Iron ore prices look primed to rise further in Q3 as a developing US infrastructure plan underpins an already bright outlook amid a global recovery.

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AUD/USD Bears May Remain In Control as Chinese CPI Disappoints

AUD/USD remains under pressure as commodities retreat. Fed hawkishness spurs further gains for USD as China looks set for additional easing.

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Dow Jones Retreats as Sentiment Sours, Will Hang Seng Index Follow?

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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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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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...