Monday, 30 August 2021

NFP and Forex: What is NFP and How to Trade It?

Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.

from DailyFX - Market News https://ift.tt/33zwgSi
via IFTTT

AUD/USD Threatens Descending Channel Ahead of Australia GDP Report

The update to Australia’s GDP report may push AUD/USD out of a descending channel as the economy is expected to grow at a record pace.

from DailyFX - Market News https://ift.tt/3gGDc6A
via IFTTT

UK Pound Forecast: Sterling Setups for the Week Ahead, GBP/USD, EUR/GBP

Sluggish Sterling expected due to UK holiday but the outlook is set to pick up ahead of major event risk later this week. GBP setups considered

from DailyFX - Market News https://ift.tt/38qtC3m
via IFTTT

EUR/USD Price Forecast: Fed and ECB Accommodative as Euro Opens Flat

European consumer confidence data did little to sway the subdued EUR/USD start to trading this week as traders look ahead to key Euro and dollar economic data while technicals take over.

from DailyFX - Market News https://ift.tt/3ypXPdf
via IFTTT

Gold (XAU/USD) Prices Pullback after Breaking above $1,800

Gold prices remain supported by key psychological support at $1,800, NFP report key event risk for commodities?

from DailyFX - Market News https://ift.tt/2UZd4wf
via IFTTT

US Dollar Weakens as Dovish Fed Lifts Stocks, Bonds, Commodities and Other Currencies. Where To From Here?

The US Dollar licked its wounds in Asia-Pacific trade after sinking in Friday’s action that saw Fed Chair Powell maintain a dovish mantra. Can gold continue to benefit?

from DailyFX - Market News https://ift.tt/3jrKlcH
via IFTTT

Sunday, 29 August 2021

Why a Rise in Retail Trading May Signal Another Mania

The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.

from DailyFX - Market News https://ift.tt/3gV9dXm
via IFTTT

US Dollar Outlook Hinges on ISM Manufacturing Survey, NFP Report

The slew of US data prints on tap for the start of September are likely to sway the Dollar as the Federal Reserve retains an outcome-based approach for monetary policy.

from DailyFX - Market News https://ift.tt/2UYEcvl
via IFTTT

Australian Dollar Forecast: AUD/USD Eyes Q2 Economic Data to Start APAC Trading

AUD/USD may move on Australian Q2 economic data due out this morning as APAC trading kicks off.

from DailyFX - Market News https://ift.tt/2WzI9H0
via IFTTT

Sterling Tech Forecast: GBP/USD Jumps During Powell Speech

Brief dollar drop sent GBP/USD higher but the pair looks set to continue its sideways grind into the coming week

from DailyFX - Market News https://ift.tt/3zswjgL
via IFTTT

Markets Week Ahead: Dow Jones, US Dollar, Australian Dollar, Crude Oil, OPEC+, NFPs

The Dow Jones, S&P 500 and Nasdaq Composite soared amid the Fed's Jackson Hole Symposium. The US Dollar tanked as the Australian Dollar, crude oil and gold prices outperformed. All eyes turn to non...

from DailyFX - Market News https://ift.tt/3sUmMMZ
via IFTTT

Nasdaq 100 Hits Record High as Powell Signals Tapering by Year End

Tech stocks extended higher into the record territory even though Fed Chair Jerome Powell prepared the markets for the Fed tapering. Interest rate hikes are likely to be far away, alleviating press...

from DailyFX - Market News https://ift.tt/3gI2iC7
via IFTTT

Mexican Peso Forecast: Powell Paves the Way for USD/MXN Weakness in the Near Term

The Fed's dovish taper tone at the Jackson Hole Symposium is likely to depress US treasury rates and weigh on USD/MXN in the near term as traders seek to exploit higher yields in EMFX.

from DailyFX - Market News https://ift.tt/3gKaUIn
via IFTTT

Saturday, 28 August 2021

EUR/USD Forecast: Euro Runs into Resistance, More Gains Ahead?

Powell inspired lift for EUR/USD, eyes on key US data.

from DailyFX - Market News https://ift.tt/3gJNent
via IFTTT

Gold Forecast: XAU Traders Eye NFPs After Jackson Hole, Kabul Attack

Gold rose into the weekend after Fed Chair Powell offered no clear signal on tapering. XAU traders are shifting focus to next week's non-farm payrolls print as geopolitical risks linger.

from DailyFX - Market News https://ift.tt/3Dt3IdB
via IFTTT

US Dollar Outlook Hinges on ISM Manufacturing Survey, NFP Report

The slew of US data prints on tap for the start of September are likely to sway the Dollar as the Federal Reserve retains an outcome-based approach for monetary policy.

from DailyFX - Market News https://ift.tt/3Bf8qtk
via IFTTT

Bitcoin, Ethereum Predictions – Consolidation Phase Leading to Higher Prices

Bitcoin continues to draw strength from the 200-day simple moving average and if this continues, higher prices may be seen in the near future.

from DailyFX - Market News https://ift.tt/3kA2ILS
via IFTTT

Friday, 27 August 2021

Australian Dollar Outlook: AUD/USD at Crossroads of Commodities, Yields, Sentiment

The Australian Dollar has grinded higher, but future direction will likely depend on commodity pricing, yield differentials and risk appetite.

from DailyFX - Market News https://ift.tt/3gFrhGe
via IFTTT

S&P 500 to Stay Bid as Fed Decouples Taper, Rate Hike Risk

The S&P 500 looks poised to maintain its broader bullish trend with the Fed vowing to keep policy highly accommodative even though the pace of asset purchases will likely slow this year.

from DailyFX - Market News https://ift.tt/3DiWn05
via IFTTT

Esther George Effect: Jackson Hole, Women in Finance, Taper Talk

Ahead of Jackson Hole economic symposium, Esther George, among the most prominent women in finance and economics, said it’s time to begin tapering asset purchases

from DailyFX - Market News https://ift.tt/3gGYP6L
via IFTTT

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...