ZAR strengthens in spite of continued unrest and looting in SA. We take a look at key technical levels for the week ahead
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Friday, 16 July 2021
Long GBP/JPY: Q3 Top Trading Opportunities
GBP/JPY is up around 30 big figures from the spike low made in mid-March 2020 with the daily chart showing a series of higher highs and higher lows printed along the way.
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US Dollar (DXY) Outlook: Inching Towards a Fresh Three-Month High Ahead of Important Data Releases
The US dollar continues to nudge higher and may attempt a fresh break above resistance if upcoming US data releases meet expectations
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UK Morning Rundown: GBP/USD Struggles to Find Support, FTSE 100 Bouncing Off 7,000
Uncertainty about the path of interest rates leaves UK assets struggling for direction
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Crude Oil Prices Under Fire, US Retail and Consumer Trends Data Eyed
Crude oil prices are set for the worst week in four months amid worries about slowing growth and deadlocked OPEC+ negotiations. US retail sales and consumer confidence data is due.
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Thursday, 15 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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Gold Price Outlook: US Retail Sales, University of Michigan Sentiment in Focus
Gold may be at risk before the weekend if US retail sales and University of Michigan sentiment surprise higher. Still, the near-term technical outlook for XAU/USD seems to favor the upside.
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How to Short Sell a Stock When Trading Falling Markets
Short selling is a great way to trade on a falling market. Learn how to short stocks
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Nasdaq 100 Retreats Amid Viral Concerns, Will Hang Seng Index Follow?
Wall Street stocks were mixed on Thursday as a viral resurgence casted a shadow over the growth outlook. Los Angeles reinstated mask mandate. Energy and technology stocks were among the worst perfo...
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New Zealand Dollar Forecast: NZD/USD Surges on Red Hot Q2 CPI Print
The New Zealand Dollar gained against the US Dollar and its other peers after a red hot Q2 CPI print, confirming the RBNZ's hawkish rate outlook.
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S&P 500 Slides as Traders Eye Retail Sales and Consumer Sentiment Data
The S&P 500 falls on inflation and COVID-19 concerns despite good corporate results as traders await U.S. retail sales and consumer sentiment data.
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USD, JPY Strengthen as Bitcoin Threatens a Break - Did Oil Just Top?
It was an abnormally busy summer Thursday but signals are continuing to stack up that a big move may be afoot. Today we look at oil, the Yen and Bitcoin.
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The Most Volatile Currency Pairs and How to Trade Them
Find out what currency pairs may show the most volatility, and how you can tailor your strategy to capitalize on market volatility.
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EUR/USD Hit with Hawkish Fed Rhetoric Ahead of US Retail Sales Report
EUR/USD struggles to retain the rebound from the monthly low (1.1772) as Federal Reserve officials indicate a looming shift in monetary policy.
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Introduction to Basic Trendline Analysis
Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.
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Silver Squeeze – The Meme Stock After-Thought that Didn’t Quite Take Off
Short squeezes in the silver market were fundamentally doomed from the start amid mass controversy
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Oil Price Rebound Unravels as OPEC+ Negotiations Still Continue
The price of oil gives back the rebound from the monthly low ($70.76) even as US inventories contract for nine straight weeks amid the ongoing deadlock within OPEC.
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British Pound Outlook: Hawkish Twist By BoE's Saunders Sends Sterling Sharply Higher
GBP/USD jumps 60 pips after Bank of England policy maker Michael Saunders hints at ‘curtailing the current asset purchase program’
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Long EUR/HUF, USD/HUF: Q3 Top Trading Opportunities
Back at the end of June, the National Bank of Hungary became the first of the European Union’s central banks to start increasing interest rates to ward off the possibility of inflation taking off a...
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Canadian Dollar Outlook - USD/CAD Short-Term Consolidation After BoC Adjusts its Bond-Buying Program
The multi-week USD/CAD retracement may be put on hold in the short term as a variety of technical signals cloud the outlook.
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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....