Wednesday, 18 August 2021

How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

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Gold Prices Drop as US Dollar Approaches Fresh 2021 High

Gold prices dropped as APAC traders digested the FOMC minutes, causing the US Dollar to rise near its yearly high. Traders eye the upcoming Jackson Hole symposium.

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Australian Dollar Gains on Jobs Data Beat, Will AUD/USD Rally Continue?

The Australian Dollar rose after a stellar jobs report saw Australia add more jobs than expected as the unemployment rate declined to 4.6% from 4.9%. Will the AUD/USD rally continue?

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S&P 500 Falls as FOMC Minutes Hint at Tapering, Hang Seng May Rebound

Major US indices fell on Wednesday after the FOMC meeting minutes hinted at scaling back asset purchases before the end of this year. The DXY US Dollar index climbed. Asia-Pacific markets look set ...

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Swiss Franc Technical Analysis: USD/CHF, EUR/CHF, CHF/JPY, NZD/CHF

The Swiss Franc has been mixed in 2021 against G10 peer currencies. Here are technical setups for USD/CHF, EUR/CHF, CHF/JPY, and NZD/CHF.

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NZD/USD Dives After Covid Woes Delay RBNZ Hike, Focus Shifts to AU Jobs Report

The New Zealand Dollar traded sharply lower after a snap lockdown forced the RBNZ to surprise markets with a rate hold. Traders are now shifting focus to Australia’s July jobs report.

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Oil Price Slides Towards July Low as US Output Rises for Second Week

The price of oil is on the cusp of taking out the July low ($65.01) as US production increases for the second straight week.

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US Dollar Surrenders Gains Despite FOMC Minutes Taper Talk

The US Dollar is peeling back from session highs as bears fade strength despite the latest FOMC minutes hinting that Fed officials might decide to taper asset purchases before year-end.

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The Federal Reserve Bank: A Forex Trader’s Guide

Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions.

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AUD/USD Rate Tracks Descending Channel Ahead AU Employment Report

AUD/USD may continue to give back the advance from the November 2020 low (0.6991) as it trades within a downward trending channel.

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USD/ZAR Outlook: Risk-Off Sentiment Hampers Rand Ahead of FOMC

The environment for the rand and other emerging market currencies has not been conducive as of late as global factors turn markets away from riskier assets. How will the upcoming FOMC minutes contr...

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Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

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NZD Surprise by RBNZ, SNB Focus on EUR/CHF Drop to Rise

EUR/CHF downside limited from current levels. RBNZ provides NZD surprise

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Euro Outlook: EUR/USD Just Holding On To 1.17 as EUR/GBP Attempts New Breakout

EUR/USD gets closer and closer to breaking below 1.17, EUR/GBP bullish run fizzles out above descending channel

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Gold Price Outlook – More of the Same Ahead of FOMC, Jackson Hole

Gold remains stuck in a wide trading range and needs a driver - will the latest FOMC minutes reveal anything of note?

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British Pound (GBP) Price Outlook: GBP/USD Rally Possible Despite Weak UK Inflation

GBP/USD edged higher Wednesday despite lower than expected UK CPI numbers, suggesting that a bounce is now possible after the pair’s slide that began late last month.

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US Dollar Eyes FOMC Minutes for Next Move. Where To for EUR/USD?

The US Dollar looks to minutes from July’s FOMC meeting for its next move. Covid held back the RBNZ from raising rates, providing some NZD volatility. Will EUR/USD support levels hold?

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Tuesday, 17 August 2021

Copper, Natural Gas Outlook: China Data Drags Copper. Hot Temps May Lift Natural Gas

Copper prices have come under pressure as weak economic data in China and the United States drags on the industrial metal. Meanwhile, natural gas prices may rise on higher mercury readings in the US.

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Gold and Silver Hold Breath for FOMC Minutes, Geopolitical Tensions in Focus

Gold prices hovered at around $1,788 during Wednesday’s APAC trade as traders awaited the release of FOMC meeting minutes. Geopolitical unrest in Afghanistan may buoy the demand for precious metals.

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New Zealand Dollar Drops as RBNZ Holds Back Rate Hike on Covid Flare-Up

The New Zealand Dollar sank after the RBNZ left the Official Cash Rate at 0.25%. A hike to 0.50% was expected. Will NZD/USD push lower through 0.6880?

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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...