Wednesday, 4 August 2021

Why Most Traders Fail and How to Increase Trading Success

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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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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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...