Wednesday, 4 August 2021

Former Fed Advisor Danielle DiMartino Booth Talks US Economy, Women in Finance & Trading

American economist and former advisor at the Dallas Federal Reserve Danielle DiMartino Booth sits down for a conversation about the US economy.

from DailyFX - Market News https://ift.tt/3C8Vvue
via IFTTT

AUD/USD Post-RBA Recovery Remains Intact Ahead of US NFP Report

AUD/USD may stage a larger recovery ahead of the US Non-Farm Payrolls (NFP) report as it extends the series of higher highs and lows from the start of the week.

from DailyFX - Market News https://ift.tt/3lv6Pv1
via IFTTT

EUR/USD Nosedives on Record US Services PMI, Clarida Remarks

EUR/USD price action just snapped sharply lower driven by an influx of US Dollar strength following a new record high for US Services PMI data and semi-hawkish remarks from Fed's Clarida.

from DailyFX - Market News https://ift.tt/3yqF1vp
via IFTTT

Gold Forecast: Gold Edges Higher Ahead of NFP

Gold and Silver edge higher ahead of Friday’s Non-Farm Payrolls (NFP) report. Will Gold be the inflation hedge of choice?

from DailyFX - Market News https://ift.tt/3fueiGW
via IFTTT

Canadian Dollar Forecast: Crude Oil Drop Leaves Loonie at Risk

Canadian Dollar sentiment softens as crude oil drops 4% on the week. USD/CAD dips to find support.

from DailyFX - Market News https://ift.tt/3xyDv9n
via IFTTT

Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

from DailyFX - Market News https://ift.tt/3nTLr0h
via IFTTT

Gold Price Forecast: Monotony Continues in XAU/USD as Focus on NFP Increases

Gold is once again trapped in a tight range as Fed members point to job market for guidance

from DailyFX - Market News https://ift.tt/3CgC82o
via IFTTT

New Zealand Dollar (NZD) Rallies Hard as Rate Hike Expectations Jump Further

The Reserve Bank of New Zealand is now fully expected to begin increasing interest rates in mid-August, boosting the appeal of the New Zealand dollar.

from DailyFX - Market News https://ift.tt/3luiTfV
via IFTTT

British Pound (GBP) Price Outlook: GBP/USD Edging Higher Ahead of BoE

GBP/USD is extending its recent advance that began two weeks ago, and will likely challenge the 1.40 level if the Bank of England hints at tighter monetary policy Thursday.

from DailyFX - Market News https://ift.tt/3ftooHX
via IFTTT

US Dollar at the Mercy of Economic Data, ADP Jobs Report in View

The US Dollar faces closely-watched economic data as the markets try to discern whether the Fed can make a case for scaling back stimulus. The ADP jobs report is next ahead.

from DailyFX - Market News https://ift.tt/3CfimUT
via IFTTT

Tuesday, 3 August 2021

Crude Oil Prices Eyeing $70 Amid Viral Concerns, Small Stockpiles Draw

WTI crude oil prices are hovering below $71/bbl as traders mull the Covid-19 flareup around the world and its ramifications for energy demand. API reported a smaller-than-expected draw in crude inv...

from DailyFX - Market News https://ift.tt/3fuDEV0
via IFTTT

As a New Retail Trader Age Rises, Heed Tales of Past Manias

In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.

from DailyFX - Market News https://ift.tt/3aTc7uJ
via IFTTT

Natural Gas Outlook: Warms Conditions Persist in the US and Europe, Gains Ahead?

Natural gas continues to look higher, as hot weather and drought conditions across the United States and Europe, help fuel the already strong demand narrative for the commodity.

from DailyFX - Market News https://ift.tt/3xojhyW
via IFTTT

Dow Jones Rebound May Lift APAC Stocks, Alibaba Earnings Miss

Wall Street stocks ended higher on Tuesday amid robust US earnings and infrastructure hopes. Asia-Pacific markets followed higher on Wednesday despite regulatory concerns and Alibaba’s earnings miss.

from DailyFX - Market News https://ift.tt/3ltZ9cc
via IFTTT

AUD/USD Analysis: Aussie Dollar Points Higher After Strong Chinese PMI Data

AUD/USD has been under pressure of late due to Covid lockdowns in Australia. Strong economic data from China may reverse that trend.

from DailyFX - Market News https://ift.tt/3CezHxl
via IFTTT

Moving Average (MA) Explained for Traders

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

from DailyFX - Market News https://ift.tt/2VP0mNf
via IFTTT

NZD/USD Wedge Breakout Back in Play on Stellar Q2 Jobs Report

The New Zealand Dollar is extending higher after a stellar second-quarter jobs report. China PMIs move into focus for today's Asia-Pacific session.

from DailyFX - Market News https://ift.tt/3AcaLVB
via IFTTT

Canadian Dollar Outlook: USD/CAD Hinges on Oil & Yields

The Canadian Dollar is trading on its back foot again with USD/CAD rising 100-pips over the last three sessions. Crude oil and bond yields are poised to keep guiding USD/CAD price action.

from DailyFX - Market News https://ift.tt/3fs8WvQ
via IFTTT

Top 10 Candlestick Patterns To Trade the Markets

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

from DailyFX - Market News https://ift.tt/3oNUe4k
via IFTTT

Bitcoin (BTC/USD) Ether (ETH/USD)Forecast: Key Levels ahead of NFP’s



from DailyFX - Market News https://ift.tt/3rS0JFV
via IFTTT

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...