Monday, 9 August 2021

Bitcoin (BTC), Ethereum (ETH) Consolidating Recent Gains, Outlook Remains Positive

The cryptocurrency market is hanging on to most of this weekend's rally and is likely to push further ahead in the coming days and weeks.

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EUR/GBP Finds Support Within Descending Channel, Eyeing 0.8450

Sellers take a breather as EUR/GBP finds support at 0.8470, but momentum is building lower

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Gold Flash Crash: What Happened and Where Next For Gold?

What just happened to Gold and where next for the (not so) precious metal?

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Sunday, 8 August 2021

How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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Gold Prices May Break 2021 Floor as Fed Policy Speculation Heats Up

Gold prices may be on course to break the year-to-date floor just below the $1700/oz figure as traders appear to pull forward the timeline for Fed stimulus withdrawal.

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Dow Jones Rose on NFPs. ASX 200 May Climb as Hang Seng Index Falls to Start Week

The Dow Jones outperformed the Nasdaq Composite after solid US NFPs on Friday, opening the door for the ASX 200 to rise as the Hang Seng Index weakens at the start of the week.

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AUD/USD Threatens Key Technical Level as Chinese Inflation Data Nears

AUD/USD is threatening a breakdown as prices test support at the floor of a Rising Wedge chart pattern. Chinese inflation data due out today may be a catalyst.

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Markets Week Ahead: Dow, Gold, Oil, US Dollar, Yen, Inflation, Covid

Markets were relatively quiet despite some bouts of volatility last week. The Dow hit a fresh record high and the US Dollar strengthened while gold and oil plunged. Inflation and covid risk eyed.

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Nasdaq 100 Index Forecast: Eyeing 15,300 With Upward Trajectory Still Intact

The Nasdaq 100 index may be challenging a key resistance level at 15,300 this week amid an upward trend. The MACD indicator edged lower however, suggesting that momentum may be weakening.

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Saturday, 7 August 2021

Mexican Peso Weekly Forecast: USD/MXN on the Lookout for Banxico Meeting and Fed Commentary Post NFP

USD/MXN finds strong resistance at 20.00 as sellers attempt to gather momentum

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Euro Forecast: EUR/USD Likely to Hold its Ground in Week Ahead

The Euro is currently being pulled one way by a growing Eurozone economy and the other by a dovish ECB. The result is likely to be opportunities to trade the range in EUR/USD.

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Gold Fundamental Forecast: XAU/USD Eyes CPI After NFP Plunge

Gold prices plunged lower after a hotter-than-expected NFP report bolstered the US Dollar and Fed rate hike bets. The yellow metal turns its focus to CPI figures.

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Weekly Fundamental US Dollar Forecast: Will Inflation Propel US Dollar after the Strong July NFP?

The US Dollar (via the DXY Index) has rallied after the July US nonfarm payrolls report on the back of elevated US Treasury yields and a jump in Fed rate hike odds.

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Bitcoin (BTC), Ethereum (ETH) Looking To Push Higher as Support Levels Hold

The crypto market is pushing higher going into the weekend with Bitcoin eyeing a cluster of prior highs that�are currently�acting�as overhead resistance.

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Friday, 6 August 2021

Australian Dollar May Wobble on Global Covid Cases, Fedspeak, Iron Ore Price Drop

The Australian Dollar may be vulnerable as a combination of rising Covid cases around the world, Fedspeak about tapering asset purchases and falling iron ore prices weigh on AUD/USD.

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British Pound Forecast: BoE Talks End Game, EUR/GBP Drops to Yearly Lows

BoE announces threshold to unwind balance sheet. EUR/GBP risking a break of YTD lows.

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Non-Farm Payrolls (NFP), Ethereum Fork (ETH) & Robinhood (HOOD) – FinTwit Trends to Watch

Fintwit this week - DXY pops after positive NFP and unemployment data, Ethereum (ETH) rallies while Robinhood fades.

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Gold Price Remains Susceptible to Death Cross Formation Following NFP

The technical outlook casts a bearish forecast for the price of gold as a ‘death cross’ formation looks poised to take shape over the coming days.

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USD/JPY Spikes Higher as US Dollar Gains on Solid NFP Report

USD/JPY price action just made a sharp move higher with the US Dollar strengthening in response to better-than-expected nonfarm payrolls data.

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SA Rand Forecast: USD/ZAR Spikes After Finance Minister Reshuffle, NFP Next

USD/ZAR shot up briefly last night as President Ramaphosa announced a cabinet minister reshuffle. NFP data set to add to the recent volatility in the pair

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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...