Wednesday, 21 July 2021

Canadian Dollar Price Forecast: USD/CAD Reverses - Did Loonie Bottom?

USD/CAD is putting in an aggressive reversal after testing the 1.2800 level. Did USD/CAD just top as the Loonie bottomed? Or is this a re-load scenario?

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Meme Stocks: What Are They and Why Are They so Popular?

Meme stocks rise exponentially after going ‘viral’ on social media. Find out their characteristics

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EUR/USD Outlook Hinges on ECB Guidance Following Strategy Review

The European Central Bank (ECB) interest rate decision may keep EUR/USD under pressure if the Governing Council retains the current course for monetary policy.

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USD/JPY Outlook: Delta Variant Offers Respite For Safe Haven Yen

USD/JPY is trading at contentious levels which could spark significant moves either way. The Yen’s fundamental backdrop surrounding COVID-19 is key to future price forecasts.

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Euro Outlook: EUR/USD Faces Downside Risk Ahead of ECB

A stronger Dollar continues to put downside pressure on EUR/USD as market uncertainty returns

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US Dollar Outlook: Grinding Towards a Fresh Multi-Month High

The US dollar rebound continues with the dollar basket supported by a general market unease as risk sentiment swings.

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British Pound (GBP) Price Outlook: GBP/USD Still Sliding, PSNB in Focus

GBP/USD continues to trend lower despite news that the UK public sector borrowed less in the first three months of the financial year than officials had forecast.

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The Anatomy of a Viral Asset: GME and Beyond

GameStop’s spectacular rise and fall signals that a new age of financial market trends may be emerging. What does that mean for volatility?

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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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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...