Tuesday, 17 August 2021

Nasdaq 100 Pulls Back as Retail Sales Miss, Asia-Pacific to Extend Lower

Wall Street stocks retreated broadly as US retail sales figures fell short of market expectations, spurring growth concerns. Traders are eyeing today’s FOMC meeting minutes for clues about the Fed’...

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USD/AFN Hits Record High as US Freezes Afghan Assets After Taliban Seizes Kabul

USD/AFN hit a fresh record high after the Taliban seized control of Kabul, prompting the US Government to freeze Afghan government accounts linked to the Federal Reserve and US banks.

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AUD/USD Drops as Economic Slowdown Fears Intensify, APAC Traders Eye RBNZ

The Australian Dollar dropped sharply versus the US Dollar after global sentiment nosedived on Covid slowdown fears. Wall Street followed APAC equities lower on a pullback in US retail spending.

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Crude Oil Outlook: Bulls & Bears Clashing at Key Support

Crude oil price action remains downtrodden with bears driving the commodity -1% lower to challenge critical support once more. Can bulls stage another defense despite slowing global growth?

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British Pound Technical Analysis: GBP/AUD, GBP/CAD, GBP/NZD Rates

Sterling continues to post gains against the battered commodity currencies.

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Bitcoin (BTC/USD) tests critical resistance, Ether and ADA follow

Bitcoin and other major cryptocurrency wait for further motivation to move towards prior highs

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Top 10 Candlestick Patterns To Trade the Markets

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

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USD/JPY Rate Defends August Range as Fed Taper Talk Persists

USD/JPY may continue to retrace the decline from the monthly high (110.80) as a growing number of Federal Reserve officials show a greater willingness to switch gears.

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Nasdaq Down after Weak Retail Sales Data and Dented Consumer Confidence

The Nasdaq 100 Index followed Asian markets lower this morning, compounded by an accumulation of weak consumer data, stronger USD

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RBNZ Rate Decision Preview: Covid Shock for RBNZ, What Now For NZD/USD?

RBNZ decision grabs NZD traders attention after Covid shock prompts rethink on rate outlook

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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

With the COVID-19 delta variant continuing to plague major economies, rate hike odds have shifted dramatically in the past 24-hours.

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Canadian Dollar Price Forecast: USD/CAD Threatens Breakout, Inflation on Deck

USD/CAD is testing a big level and tomorrow brings Canadian inflation followed by FOMC minutes. Buckle up.

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Gold Price Forecast: Four-Day Rally Stalls Ahead of 50-Day SMA

Lack of momentum to climb back above the 50-Day SMA ($1800) may undermine the recent recovery in the price of gold as a ‘death cross’ takes shape in August.

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US Dollar Shoots Higher vs JPY on US Retail Sales

USD higher on retail sales miss. Outlook for FOMC unchanged, focus is on jobs

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Markets Jittery: JPY, CHF, Gold and Treasuries All Benefiting | Webinar

Trader sentiment is poor at present, with safe haven buying of the Japanese Yen, the Swiss Franc, Gold and US Treasury notes seen alongside some selling of European stocks.

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Bitcoin, Ethereum Stagnate at Recent Highs, Solana Soars to a New Peak

The cryptocurrency market is taking a breather after touching multi-week highs but Solana continues its recent record-breaking rally.

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Snap Lockdown Puts RBNZ Hike into Question, NZD/USD Drops to Three-Week Low

NZD/USD drops 1.7% as economists increase calls for no change at tomorrow’s RBNZ after a 3-day snap lockdown

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British Pound (GBP) Price Outlook: GBP/USD Eases Despite Strong UK Jobs Data

Latest labor market figures show UK employment up by more than expected, higher average earnings and a lower UK unemployment rate yet GBP/USD fell, suggesting underlying weakness.

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New Zealand Dollar Down on Covid Case as RBNZ Looms, SEC Warns on China

The New Zealand Dollar fell on reports of a new local Covid case just as the RBNZ rate decision enters the spotlight. NZD, AUD and APAC equities were weighed down ahead of US data and FOMC meeting ...

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Monday, 16 August 2021

Crude Oil Prices Fall Amid Viral Concerns, US Retail Sales Data in Focus

WTI crude oil prices extended lower on Tuesday as investors mulled the spread of Delta variant around the globe and its impact on energy demand. US retail sales figures will be in focus today.

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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...