Crude oil and iron ore prices appear to be in a tailspin as the Delta Covid variant is forecasted to put the brakes on the Chinese economy as cases grow.
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Monday, 9 August 2021
Gold and Silver Prices Rebound After Big Drop. Are More Gains Ahead?
Gold and silver prices rebounded after falling sharply over the last two days, enticing bargain-hunters. A “Double Top” chart pattern on gold’s chart hints that the overall trend may still be tilte...
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Dow Jones Retreats amid Growth Concerns, Hang Seng Opens Higher
The cyclically-oriented sector led the decline on Wall Street on Monday amid lingering viral concerns and falling crude oil prices. The US Dollar extended higher after a strong NFP. Asia-Pacific ma...
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Copper Analysis: Inflection Point Incoming, Major Support Test Looms
Copper looks set to retest an ascending trendline from March 2020. A slowing Chinese economy is weighing on sentiment amid the spreading Delta Covid variant.
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NZD/USD May Weaken as Goldman Sachs Downgrades Chinese Growth Outlook
The New Zealand Dollar fell overnight against the US Dollar as Covid and Chinese economic downgrades weighed on sentiment.
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Bitcoin Forecast: Infrastructure Amendment Validates Crypto
Bitcoin price action is ripping higher with BTC/USD now up nearly 60% off its recent swing low. The digital asset infrastructure bill amendment serves as the latest bullish catalyst for crypto.
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What is Earnings Season & What to Look for in Earnings Reports?
Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.
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USD/MXN Crawls Higher Ahead of U.S. CPI Data & Banxico’s Rate Decision
USD/MXN could gain momentum and charge higher in the coming days if US inflation data surprises to the upside and reinforces expectations of an early tapering of stimulus.
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US Dollar Rallies to Resistance - Inflation Set to Drive
The US Dollar is testing a resistance zone, holding near highs after a strong move developed last week. This week brings July inflation numbers.
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Crude Oil Prices Plunge to Key Support, Oil Demand Outlook Weakens
Crude oil extends losses as prices fall 4%, Delta variant while slowing China adds to woes
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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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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...