Tuesday, 20 July 2021

Gold Price Forecast: GLD Rally Cut Short, Confluent Support Holds the Low

Gold prices put in a nasty month of June but a very strong first half of July. After building an evening star last week, are bears preparing for a more pronounced re-entry?

from DailyFX - Market News https://ift.tt/3kCQx2B
via IFTTT

Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.

from DailyFX - Market News https://ift.tt/3c9N0TK
via IFTTT

Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

from DailyFX - Market News https://ift.tt/3oNUe4k
via IFTTT

DailyFX Analyst Tammy Da Costa on Her Day Trading Career

For women, starting a career in finance can be difficult. Yet due to changing economic and social trends, more opportunities in trading, investing and finance are becoming available. We sat down wi...

from DailyFX - Market News https://ift.tt/3kBCB93
via IFTTT

Market Sentiment Poor: Gold, JPY May Climb Further on Risk Aversion | Webinar

Trader confidence continues to ebb away, with safe havens like Gold and the Japanese Yen benefiting even more than the US Dollar – a trend likely to continue.

from DailyFX - Market News https://ift.tt/3wPR5EU
via IFTTT

South Africa Update: USD/ZAR Remains Vulnerable as Zuma Trial Resumes

Looting, corruption and unrest bring Moody’s downgrade, interest rate decision and Zuma trial in focus. USD/ZAR unfazed by political warzone?

from DailyFX - Market News https://ift.tt/36Ux3OJ
via IFTTT

The Best Performing Female Led Companies

Check out our list of the best performing companies that have a woman at the steering wheel.

from DailyFX - Market News https://ift.tt/2Uxau01
via IFTTT

Bitcoin (BTC/USD) Breaks Out of Range to Trade Below $30,000

Cryptocurrencies continue to struggle as sentiment deteriorates

from DailyFX - Market News https://ift.tt/3eUC2DR
via IFTTT

Gold Price Forecast - Risk-Off Undercurrent Lending Gold a Short-Term Bid

Monday’s strong risk-off move is being pared back today but the overall tone of the market remains gloomy and that’s giving gold a small bid for now

from DailyFX - Market News https://ift.tt/36KpDxL
via IFTTT

New Zealand Dollar Swoons in Risk-Off Trade. Will Markets Steady?

The New Zealand Dollar is flirting with a breakdown amid a dour day for Asia-Pacific markets. Traders may now look to the day’s earnings reports for a lifeline.

from DailyFX - Market News https://ift.tt/3eBBEtB
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3kCzGgb
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3BilzTj
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3kxLdgP
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3ext536
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2TrLuac
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3kAP2C8
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3jO45YK
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2V092Dd
via IFTTT

4 Effective Trading Indicators Every Trader Should Know

Discover the best forex indicators for a simple strategy: Moving Average, MACD, Stochastic and RSI.

from DailyFX - Market News https://ift.tt/3spDAdO
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3riKth8
via IFTTT

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...