Tuesday, 20 July 2021

British Pound (GBP) Price Outlook: GBP/USD Trending Lower, EUR/GBP Higher

After Monday’s bout of risk aversion, GBP continues to underperform not just the safe-haven USD and JPY but also more middle of the road currencies like EUR.

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Monday, 19 July 2021

US Dollar Outlook: SGD, THB, IDR, PHP May Fall on Capital Flight, Covid Risks

The US Dollar outlook against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso remains bullish amid capital outflows risks as Covid cases swell.

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Crude Oil, Gold Forecast: Covid Fogs OPEC+ Path, XAU Signals Mixed

Crude oil prices collapsed on Monday despite an OPEC+ breakthrough, driven by Covid-induced demand woes. Meanwhile, Gold is at odds with a stronger US Dollar and falling Treasury yields.

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Dow Jones, Nasdaq 100, ASX 200 Outlook: Covid Cases, US-China Tensions Sink Stocks

The Dow Jones, S&P 500 and Nasdaq 100 tumbled as risk aversion engulfed financial markets amid rising Covid cases and US-China geopolitical tensions. The ASX 200 may be vulnerable ahead.

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Pershing Square SPAC Deal With Universal Music Group Falls Through

Bill Ackman’s Pershing Square Tontine acquisition vehicle backed out of a potential SPAC merger on Monday citing SEC scrutiny.

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Japanese Yen Forecast: USD/JPY Falls with Treasury Yields on Haven Flows

A breakdown in market sentiment sent haven flows into the Japanese Yen along with Treasuries as a new wave of Covid causes investors to brace for a slowdown in global growth.

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Crude Oil Price Outlook: Bullish Drivers to Sputter in Q3

Crude oil price action made an explosive move higher during Q2 with the commodity surging about 25% gain on balance. Oil outlook is less sanguine for 3Q, however, due to waning bullish impetus.

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Nasdaq 100 Forecast: Stock Rout Sees Index Seek Trendline Support

The Nasdaq 100 suffered considerable losses to start the week as covid concerns reemerged and equity markets stumbled from record levels. Declines have sent the Nasdaq in search of support.

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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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New Zealand Dollar Forecast: NZD/USD Rate Defends Monthly Range

NZD/USD may track sideways throughout the week as the exchange rate appears to be defending the monthly range.

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USD/CAD Rally Sends RSI Into Overbought Zone for Second Time in 2021

Recent developments in the RSI indicate a further appreciation in USD/CAD as the oscillator climbs above 70 to push into overbought territory for the second time in 2021.

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EUR/USD Outlook: Dollar Gains as Risk Appetite Wanes, ECB Rates in Focus

The US dollar continued its steady rise against the Euro which could continue if the ECB maintains its ultra-dovish stance at the rate setting meeting on Thursday

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AUD/CAD May Be a Catch-Up Trade in Q3: Q3 Top Trading Opportunities

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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British Pound Latest: GBP/USD Slides on Freedom Day Fears, US Dollar Strength

GBP/USD is under pressure as continued fears over the spread of delta covid variant and US dollar strength keep pushing the pair lower

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DAX 30 Outlook: Bears Regain Control Towards 15,300

The DAX 30 continues to pullback from recent highs as economic concerns grow

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Crude Oil Prices Shrug as OPEC+ Strikes Output Increase Deal

Crude oil prices were not meaningfully moved one way or another as OPEC+ officials struck a long-elusive deal on a coordinated output rise. Sentiment trends may lead from here.

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Sunday, 18 July 2021

Why Most Traders Fail and How to Increase Trading Success

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.

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US Dollar Outlook: SGD, THB, IDR, PHP May Fall on Capital Flight, Covid Risks

The US Dollar outlook against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso remains bullish amid capital outflows risks as Covid cases swell.

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Gold Prices Down with Stocks as the US Dollar Gains on Haven Demand

Gold prices fell alongside stocks as a dour mood spread across financial markets, boosting haven-minded US Dollar buying and punishing anti-fiat alternatives.

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AUD/USD Under Fire as Australian Lockdowns Ramp Up, Risk Trends in Focus

The Australian Dollar faces a deteriorating economic backdrop as Covid-induced lockdowns across its home country ramp up. A quiet week ahead on the economic calendar leaves prevailing trends unchec...

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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...