Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.
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Wednesday, 4 August 2021
Crude Oil, Energy Stocks Sink on Fed Commentary. WTI at Risk to Technicals
Crude oil prices and energy stocks weakened as investors worried about rising Covid-19 cases and rather hawkish commentary from the Fed. WTI may be at risk of bearish technical signals.
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Trading Forex at the News Release
Learn how to trade forex news at the release with our top news trading strategies
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Gold Price Outlook: XAU Stumbles on Fed-Induced US Dollar Strength, NFPs Eyed
Gold prices fell after the Fed's Vice Chair fueled policy tightening bets, driving the US Dollar higher to XAU/USD's detriment. A Death Cross is undermining the technical view.
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S&P 500 Falls on Weaker ADP Jobs Report, Hang Seng to Open Flat
Wall Street stocks pulled back broadly on Wednesday as a weaker private jobs report and viral resurgences dampened reflationary hopes. Crude oil prices plunged 3%. Asia-Pacific markets to open mixed.
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Australian Dollar Outlook: AUD/USD Sinks on Fed Remarks as Trade Balance Eyed
The Australian Dollar was on the way up following this week's RBA rate decision. However, Fed commentary sent AUD/USD lower. Australia's June trade balance figures are in focus.
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Brazil Central Bank Hastens Rate Hikes to Strangle Inflation, USD/BRL in Peril
Brazil’s Central Bank raises the Selic rate by 100 basis points to 5.25% and indicates that its baseline scenario includes quicker monetary tightening to tame inflation.
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Crude Oil Price Outlook: Bullish Drivers to Sputter in Q3
Crude oil price action made an explosive move higher during Q2 with the commodity surging about 25% gain on balance. Oil outlook is less sanguine for 3Q, however, due to waning bullish impetus.
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD
The US Dollar put in a spike this morning on the back of comments from FOMC Vice Chair, Richard Clarida. NFP is on the docket for Friday - can USD bulls maintain?
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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.
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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.
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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.
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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?
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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.
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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.
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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
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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.
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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.
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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.
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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...
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Posts (Atom)
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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....