Friday, 23 July 2021

US Dollar May Rise if PMI Data Signals Recovery Losing Steam

The US Dollar may rise on the back of haven-seeking capital flows if July’s PMI data round-up disappoints, suggesting the global economic recovery is losing steam.

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Thursday, 22 July 2021

GBP/JPY May Fall as the Fed Feeds Yen Real Yield Advantage: Q3 Top Trading Opportunities

The Yen may rise against the British Pound as policy pivot from the US Federal Reserve boosts real yield spreads in favor of the Japanese currency.

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Twitter and Intel Earnings Lift Nasdaq 100. APAC Stocks to Open Mixed

Wall Street stocks closed modestly higher on Thursday, with materials and technology sectors outperforming. Twitter’s earnings may boost tech sentiment, while Intel’s Q3 guidance disappointed.

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Aussie Dollar Slide May Resume on PMI Contraction, Extended Lockdowns

The Australian Dollar's fundamental outlook darkened on Friday after the country's services sector contracted sharply in July.

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US Dollar Outlook: USD/JPY Mired by Yields, Flash PMIs Due

The broader US Dollar has struggled to sustain upward momentum gauging by the DXY Index. USD/JPY price action might see a renewed bid if PMI data comes in strong and pushes yields higher.

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What is Earnings Season & What to Look for in Earnings Reports?

Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.

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Nasdaq 100 Outlook: Strong Intel Earnings May Lead Stocks Higher

Nasdaq 100 constituents pushed markets higher following a disappointing jump in unemployment claims. Treasury yields drop, pushing gold & tech higher.

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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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USD/ZAR Outlook: Rand Fades as SARB Keeps Rates Unchanged

Unsurprisingly, the SARB has maintained rates at 3.5%. USD/ZAR was unmoved by the announcement which shifts focus to dollar influences over the next two weeks.

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Short Selling Explained with Examples

Short selling is rather controversial but can form part of a well-thought out trading strategy

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ECB Meeting: EUR/USD Whipsaws as Policy Left Unchanged With Continued Dovish Message

EUR/USD jumps then reverses as ECB delivered another dovish policy meeting

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Lumber (Timber), Silver (XAG/USD) Forecast: Lumber and Silver (XAG/USD) Poised for Higher Prices?

Lumber and Silver remain supported despite a pullback in prices. With weather concerns and inflation weighing on commodities, technicals provide key levels to watch.

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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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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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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...