Monday, 23 August 2021

Dow Jones Advances on Vaccine Optimism, Hang Seng May Follow Higher

The cyclically-oriented sectors led the gains on Wall Street after the FDA granted full approval to Pfizer-BioNTech’s Covid vaccine. Asia-Pacific markets opened higher following a strong US lead.

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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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New Zealand Dollar Forecast: NZD/USD May Rise After Bright Q2 Retail Sales Data

The New Zealand Dollar is benefiting from risk-on flows after markets recovered from last week's drop. A better-than-expected Q2 retail sales figure out of New Zealand may boost NZD/USD further.

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USD/JPY Rate Struggles to Clear 50-Day SMA Ahead of Fed Symposium

USD/JPY appears to be stuck in a narrow range ahead of the Fed Economic Symposium as it struggles to push back above the 50-Day SMA (110.16).

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Copper Price Forecast: Fighting to Retake Pandemic Uptrend

Copper prices have clawed back their losses – but have gains been enough to change the tone?

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Gold Price Forecast: Gold Breaks Out Above 1800 - GLD Levels

Gold prices put in a strong move to open this week. Will bulls be able to drive through the Jackson Hole Economic Symposium?

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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/CAD Forecast: RSI Sell Signal Emerges Ahead of Fed Symposium

USD/CAD may face a pullback ahead of Fed Economic Symposium on tap for later this week as the RSI falls back from overbought territory to indicate a textbook sell signal.

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Nasdaq Price Outlook: PMI Data Eyed Ahead of Fed Symposium

The Nasdaq is gaining ground during early Monday trade as markets digest disappointing PMIs and greater likelihood that the Fed does not announce a taper timeline at Jackson Hole this week.

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FX Week Ahead - Top 5 Events: Mexico GDP; US Durable Goods Orders; ECB Meeting Minutes; US Michigan Confidence; Powell’s Jackson Hole Speech

The final week of August has a relatively thin economic calendar, but the US docket is still saturated.

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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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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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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...