Wednesday, 25 August 2021

Mexican Peso Forecast: Muddling Through Weak Data – Setups in MXN/JPY, USD/MXN

A string of weaker than expected data has held back the Mexican Peso during an otherwise strong run for risk assets.

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Bitcoin (BTC) Update: Bitcoin Remains Vulnerable ahead of Jackson Hole

Bitcoin (BTC/USD) reclaims $48,000 ahead of the highly anticipated Jackson Hole Symposium

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US Dollar Digs into Support as Focus Shifts Towards Jackson Hole

The US Dollar put in three solid days of sell-off but now, the currency is trying to grasp on to support at a familiar zone on the chart.

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Gold Price Recovery Stalls Ahead of Fed Economic Symposium

The price of gold may consolidate ahead of the Fed symposium as the recent recovery in bullion appears to have stalled ahead of the monthly high ($1832).

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US Dollar Pairs Trading in Ranges With Markets in Wait and See Mode

G10 FX range trading as markets adopt wait and see approach

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Nasdaq Hits Another High, GME and AMC Soar - Are They Telling Us Something?

The tech-heavy Nasdaq continues to print new highs, while meme stock favorites GME and AMC rally by 20%+, all ahead of the Jackson Hole Symposium.

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How to Short Sell a Stock When Trading Falling Markets

Short selling is a great way to trade on a falling market. Learn how to short stocks

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German IFO Data Confirms Weaker Momentum, EUR/USD Struggling to Break Out

EUR/USD hovers above 1.1750 as bullish momentum stalls

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British Pound (GBP) Price Outlook: GBP/USD at Risk From Truck Driver Shortage

News reports that a shortage of lorry drivers in the UK is hitting supplies to restaurants and supermarkets could lower the chances of a tightening of monetary policy by the Bank of England.

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US Dollar Finds a Floor, Asia Markets Stall Despite Record Wall Street High. The Quiet Before Storm?

The US Dollar regained some ground in Asia today, but overall markets remained unimpressed with yet another record high from Wall Street.

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Forex Vs Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.

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Tuesday, 24 August 2021

Crude Oil Forecast: EIA Report in Focus as Prices Tackle Confluent Resistance

Crude and Brent oil prices rose alongside broader markets as sentiment rebounded. Traders are focusing on the upcoming EIA inventory report after Australia and New Zealand saw Covid cases rise.

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IBEX 35, Euro Stoxx 50 Outlook Remains Constructive, Jackson Hole Symposium Eyed

European stocks look to rebound from their worst week since February, with market participants remaining cautious ahead of Friday's Fed Jackson Hole Economic Policy Symposium.

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NZD/USD Gains as US Dollar Sinks Despite Falling RBNZ Rate Hike Bets

The New Zealand Dollar is gaining against the US Dollar for a second session as markets shift further into a risk-taking mood. The PBOC's recent pledge to support credit growth is helping underpin ...

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Gold Price Outlook: XAU/USD Mired by Fed Symposium Risk

Gold price action has rebounded nicely from its flash crash earlier this month. XAU/USD now seeks clarity from the Fed at this week's annual Jackson Hole Symposium before making its next move.

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EUR/USD Susceptible to Dovish ECB Guidance Ahead of Fed Symposium

The account of the ECB meeting may undermine the recent rebound in EUR/USD as the Governing Council appears to be on a preset course.

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Mexican Peso Gains Ahead of Jackson Hole. Will the Fed Rock the Boat for EMFX?

The Mexican peso and other high-yielding EMFX will likely gain ground against the dollar if the Fed signals at the Jackson Hole Symposium it will wait longer before announcing a reduction in QE.

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Canadian Dollar Price Forecast: USD/CAD Breakout Reverses - Loonie Levels

USD/CAD has given back almost 400 pips over the past three trading days. Will bears be able to drive below key support?

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AUD/USD Rate Rebound Takes Shape Within Descending Channel Formation

The recent rebound in AUD/USD may end up being short lived as the exchange rate trades within the confines of a descending channel.

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Gold Price (XAU/USD) Riding the Wave of US Dollar Weakness

Gold is back in a familiar as traders wait to see if Fed chair Jerome Powell announces a tapering timetable at the Jackson Hole 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...