Monday, 26 July 2021

USD/CAD Price Forecast: Risk Events to Dominate the Week Ahead

A full week of economic data releases underscores the importance of risk management as volatility in the pair is likely to rise

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USD/ZAR Outlook: South African Rand Falls Ahead of Fed Build Up

USD/ZAR pullback off 15.0000 support levels last seen in March this year. All eyes are on Wednesday Fed meeting with technical analysis (short-term) favoring rand bulls.

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EUR/USD Outlook: Euro Sentiment Soft Eyes on Fed Meeting

Euro anchored around 1.18, sentiment in the single currency remains soft, but conviction on the low side.

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DAX 30 Outlook: IFO Business Data Shows Dampening Sentiment

The DAX 30 sees another negative weekly start as risk-off spills over from Asia

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Bitcoin (BTC), Ethereum (ETH) Surge on Amazon Payment Rumor

Talk that Amazon may accept Bitcoin as a means of payment sent the cryptocurrency market spiraling higher, breaking multi-week resistance levels.

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Gold Prices May Struggle Despite China Stocks Drop as FOMC Looms

Gold prices may struggle to build on modest gains amid a sharp Chinese stock market selloff as trend development awaits the FOMC policy announcement.

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Sunday, 25 July 2021

US Dollar Outlook: Federal Reserve in Focus for SGD, THB, IDR, PHP Amid Covid Risks

The US Dollar may remain on the offensive against ASEAN currencies amid Covid case growth and regional lockdown risks that threaten growth. All eyes are also on the Federal Reserve.

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Coffee Prices at 6-Year High as Extreme Cold Weather Hits Brazil

Coffee Prices at 6-Year High as Extreme Cold Weather Hits Brazil

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New Zealand Dollar Outlook: NZD/USD Breakout Chance Shifts Into View

The New Zealand Dollar is moving higher versus the Greenback to start the week as traders prepare for an event-heavy week ahead.

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Weekly Fundamental US Dollar Forecast: When Will Fed Raise Rates or Taper?

The US Dollar (via the DXY Index) has been creeping higher throughout July, even as US Treasury yields and Fed rate hike expectations have pulled back.

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Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Fed, Earnings, Inflation

Markets swung wildly last week as fears over the delta variant of covid bulged then faded. EUR/USD, gold, and S&P 500 volatility is poised to linger with the Fed, earnings, and inflation in focus.

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Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead

US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened.

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Saturday, 24 July 2021

Euro Forecast: EUR/USD Price Outlook Bearish Ahead of Key Eurozone Data

EUR/USD tumbled last week on the day of the ECB’s latest policy announcement, and that weakness is set to continue this week as a flood of major Eurozone economic statistics is released.

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Gold Price Forecast: Risk of Volatility as Fed Meeting Looms

Gold price action is primed for volatility next week with the Fed decision on deck. How real yields and the US Dollar react to fresh guidance from Fed officials will be key for gold outlook.

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Friday, 23 July 2021

Bitcoin Outlook: Bullish Scenario May Play Out if Key Technical Support Holds

Although the medium-term outlook remains negative, Bitcoin could make a bullish move in the coming days if prices manage to hold above key support in the $29,150/28,600 region.

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AUD/USD Rate Faces Australia CPI Report & Fed Rate Decision

AUD/USD is likely to face increased volatility over the coming days as it faces a batch of key event risks going into the end of July.

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Forex Vs Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.

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How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

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British Pound (GBP) Weekly Forecast: Attempts to Recover as Sentiment Shifts

Market uncertainty sees GBP pairs break out of their ranges

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The Federal Reserve Bank: A Forex Trader’s Guide

Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.

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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...