Monday, 23 August 2021

Markets Week Ahead: Dow, EUR/USD, Oil, Fed Symposium, PMIs, Delta

Markets faced a broad risk-off tone last week with sentiment deteriorating further due to global growth concerns and the delta variant of covid. The Dow and EUR/USD eye the Fed symposium on tap.

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Bitcoin (BTC) Breaks Above $50k, Cardano (ADA) Hits Another Record High

Bitcoin cracks $50k, Cardano hits another all-time high, while Ethereum nears $3,500 as cryptocurrencies enjoy a bullish weekend.

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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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UK, EZ PMIs Drop But Retain Good Momentum - EUR, GBP Drifting Higher

EUR/USD and GBP/USD avoid further losses as buyers regain momentum

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What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

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US Dollar Outlook: Are the Fed Growing Concerned Over Covid?

US Dollar softer to start the week. Fed hawk signals Covid concern

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Crude Oil Prices Find Reprieve as the US Dollar Wobbles Before Jackson Hole. Where To From Here?

The US Dollar gave up some ground today but, still remains at elevated levels ahead of the Jackson Hole Symposium. Crude oil prices rose, but will the downtrend continue?

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Sunday, 22 August 2021

Gold Prices Eyeing Resistance at 1785 as Traders Await Jackson Hole

Gold prices advanced to $1,785 during Monday’s APAC trade as the DXY US Dollar index retreated for a second day. Traders are eyeing this week’s Jackson Hole symposium for clues about the Fed’s next...

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As a New Retail Trader Age Rises, Heed Tales of Past Manias

In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.

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US Dollar Outlook: Jackson Hole in Focus for USD/SGD, USD/THB, USD/IDR, USD/PHP

The US Dollar rose against the Singapore Dollar, Thai Baht and Indonesian Rupiah. While ASEAN Covid case growth is slowing, all eyes next week are on the Fed’s Jackson Hole Economic Policy Symposium.

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S&P 500 Advance May Lift Nikkei 225, Traders Eyeing Jackson Hole

Wall Street stocks advanced on Friday as investors took the recent selloff as an opportunity to buy more. Asia-Pacific markets look set to open higher ahead of the Jackson Hole symposium this week.

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Australian Dollar Forecast: AUD/USD Troubles Intensify After Bleak PMIs

The Australian Dollar may face a hard time recovering losses from last week's big drop versus the Greenback after soft PMIs opened the week in APAC trading.

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Markets Week Ahead: Dow, EUR/USD, Oil, Fed Symposium, PMIs, Delta

Markets faced a broad risk-off tone last week with sentiment deteriorating further due to global growth concerns and the delta variant of covid. The Dow and EUR/USD eye the Fed symposium on tap.

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Equities Gear Up for Jackson Hole Symposium: DAX 30, S&P 500 Key Levels to Watch

Investors turn their focus to the Jackson Hole Symposium as global stocks suffer a setback

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Fundamental Forecast For the Week Ahead: USD/ZAR, GBP/ZAR, EUR/ZAR

Emerging market currencies have continued to underperform relative to select G10 counterparts as risk appetite fades. Jackson Hole and US data ahead

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Saturday, 21 August 2021

Euro Forecast: Further EUR/USD Weakness in Store

Last Thursday's dramatic drop in EUR/USD below the critical 1.17 level has opened the way for further steep losses in the pair although some consolidation either side of 1.17 is likely first.

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Gold Price Tethers as Rapport with USD and Treasury Yields Is Tested

A quite week for spot gold after a rollercoaster August. Markets await further guidance as Jackson Hole Symposium looms. XAU/USD looks to dollar drivers.

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Weekly Fundamental US Dollar Forecast: More Tapering Hints at Jackson Hole

The US Dollar (via the DXY Index) has moved up to fresh yearly highs as traders have begun to anticipate the Fed’s stimulus withdrawal.

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Bitcoin, Ethereum Pushing Towards Fresh Multi-Week Highs, Alt-Coin Rally Resumes

The cryptocurrency market is looking in good shape ahead of the weekend with prices breaking out of their recent consolidation phase and pressing higher.

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Friday, 20 August 2021

Australian Dollar Outlook: AUD/USD Downside Risks as the US Dollar Soars

The Australian Dollar will be under pressure to shrug off a strengthening USD as commodities risks increase, Delta spreads and the Fed moves into view.

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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...