Tuesday, 20 July 2021

Gold Prices Break Uptrend Amid Rising US Dollar and Yields

Gold prices retreated for a second day as a stronger US Dollar and higher yields dented its appeal. The spread of the Delta variant and the resulting adverse economic impact may cushion the downsid...

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Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

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Crude Oil Price Outlook: WTI at Risk Amid Trendline Breakout, Rising Long Bets

Crude oil prices weakened despite a recovery on Wall Street as the US Dollar rose. WTI is looking vulnerable following a trendline breakout and rising retail trader long bets.

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Australian Dollar Outlook: AUD/USD Revival Hopes Flimsy on Retail Sales Miss

The Australian Dollar was kicked back lower after June retail sales crossed the wires at -1.8%, missing estimates of -0.7% and falling from 0.4% in May. RBA policy will shift into focus.

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Dow Jones Rebound May Lead Hang Seng Higher, Netflix Earnings Miss

Wall Street stocks rebounded sharply on Tuesday as traders took Monday’s pullback as an opportunity to “buy the dip”. This may set a positive tone for APAC stocks. Netflix missed earnings expectati...

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How to Research Stocks: A Step by Step Guide

Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.

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New Zealand Dollar Outlook: NZD/USD, AUD/NZD React to Covid Risks, RBNZ Policy Bets

The New Zealand Dollar weakened against the US Dollar and Australian Dollar overnight as growth-related fears, driven by Covid, impacted economic prospects, RBNZ policy bets.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

The July FOMC meeting is just around the corner, and given the uptick in concerns around the delta variant, the upcoming meeting may draw heightened interest

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US Dollar Price Outlook: USD Might Weaken if Covid Fears Abate

The US Dollar strengthened against most FX peers and pushed the DXY Index above key resistance on Tuesday, but will USD bears fade recent gains as covid fears abate and risk trends improve?

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Crude Oil Price Forecast: Delta Variant Concerns Spark Sharp Reversal - The Macro Setup

Delta variant concerns have seen risk appetite take a hit in recent sessions as growth-sensitive assets like crude oil and equities slip lower. In the case of crude, a drastic reversal could see fu...

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S&P 500 Rebounds as Netflix Kicks Off FAANG Earnings

US Equity benchmarks rebounded Tuesday following Monday’s sharp decline. Netflix earnings disappoint while revenues beat.

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Mexican Peso Forecast: USD/MXN Remains Bid as Delta Variant Risks Brew

The Mexican peso fails to recover and loses ground for the second consecutive day against the U.S. dollar, as Covid-19 delta variant risks curb appetite for EMFX.

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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?

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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.

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Top 10 Candlestick Patterns To Trade the Markets

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

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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...

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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.

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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?

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The Best Performing Female Led Companies

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

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

Cryptocurrencies continue to struggle as sentiment deteriorates

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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...