Thursday, 22 July 2021

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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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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Bitcoin (BTC), Ethereum (ETH) Support Levels Hold, Sentiment Turning But Still Fragile

The cryptocurrency market reversed higher Wednesday off noted support levels, aided by encouraging comments from Elon Musk

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British Pound (GBP) Price Outlook: EUR/GBP May Rise After ECB Meeting

This session’s ECB announcement will be the focus of attention for EUR/GBP traders and, with a dovish ECB already priced in, the risk is that EUR/GBP rallies as the bank disappoints the bears.

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EUR/USD Breakout May Be Imminent on ECB Policy Update

The Euro may break out from its narrow range against the US Dollar as the ECB begins to unveil an update of its monetary policy framework.

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Wednesday, 21 July 2021

Crude Oil Rebound May Not Last Amid Viral Concerns and Rising Stockpiles

WTI crude oil retreated slightly after rallying 5.7% a day ago as traders mulled lingering viral concerns and an unexpected rise in US crude inventories. Prices may face some pressure at around $70...

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How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions.

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Gold Prices Extend Lower Toward $1,800. Will the ECB Deliver Surprises?

Gold prices extended lower after breaking a near-term uptrend amid revitalized reflation optimism. Traders are eyeing the ECB meeting for clues about the asset purchasing program and its ramificati...

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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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Swiss Franc Outlook Brightens: NZD/CHF, CHF/JPY Primed for Action?

The Swiss Franc’s technical stance against the New Zealand Dollar and Japanese Yen has brightened, with the technical outlook in NZD/CHF and CHF/JPY primed to benefit CHF.

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Wall Street Stocks Climb on Strong Earnings. Will the Hang Seng Index Follow?

Wall Street stocks rebounded for a second day as strong US earnings revitalized investor confidence. Asia-Pacific markets may follow higher. The ECB interest rate decision and US jobless claims are...

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New Zealand Dollar Forecast: NZD/USD Up on Sentiment Recovery, OCR Bets

A recovery in global market sentiment is lifting the risk-sensitive New Zealand Dollar as growth worries related to the Delta variant of Covid-19 subside.

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New Zealand Dollar Forecast: NZD/USD Up on Sentiment Recovery, OCR Bets

A recovery in global market sentiment is lifting the risk-sensitive New Zealand Dollar as growth worries related to the Delta variant of Covid-19 subside.

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Euro Price Outlook: How Will the ECB Decision Impact EUR/USD?

EUR/USD price action is front and center headed into the upcoming ECB rate decision and press conference scheduled for Thursday. How might the European Central Bank weigh on the Euro?

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Copper Prices Continue to Consolidate, but a Violent Breakout Could Come Soon

Copper prices have traded in a narrow interval since late June amid indecision among market participants, but a breakout of the range and a violent move could be just around the corner.

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Gold Price Forecast: Is This The Calm Before The Storm?

Gold finds itself at a crossroad ahead of a major week for markets. Surrounded on all sides by influential technical levels the coming days may be crucial for gold's price going forward.

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Oil Price Recovery Unfazed by Unexpected Rise in US Crude Inventories

The price of oil may stage a larger recovery over the remainder of the week as it appears to be unfazed by an unexpected uptick in US crude inventories.

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Euro Technical Analysis: EUR/GBP, EUR/JPY, EUR/USD Rates Outlook

EUR/JPY and EUR/USD rates have been holding below short-term EMAs for over one month, delineating lines in the sand for the recent bearish impulse.

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What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

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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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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...