Monday, 30 August 2021

Iron Ore and Copper Forecast: NFPs in Focus After China PMIs Flash Warning Signs

Iron ore and copper prices are softer after Chinese economic data showed a worse-than-expected slowdown in manufacturing and services activity. Traders are shifting focus to the US NFP report due o...

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Dow Jones Pulls Back While Nasdaq Surges, Hang Seng May Rise

The cyclically-oriented sectors led the losses on Wall Street, pulling the Dow Jones lower. The Nasdaq 100 index hits a record high however. Asia-Pacific markets opened higher following a strong te...

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Australian Dollar Looks Past China Non-Manufacturing PMI Slump, Will AUD/USD Rise?

The Australian Dollar brushed off a disappointing Chinese Non-Manufacturing PMI report, coming in at 47.5 against 52.0 expected. Will AUD/USD push higher?

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Nasdaq 100 Forecast for the Week Ahead: 16000 in Focus as Non-Farm Payrolls Near

The Nasdaq 100 hit another record, nearing 16000 in the aftermath of the Fed’s Jackson Hole Symposium. Will a softer US non-farm payrolls report add more momentum to tech stocks?

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New Zealand Dollar Forecast: NZD/USD Pinned on Covid Woes as Chinese PMI Looms

The New Zealand Dollar is softening versus the US Dollar as Covid woes weigh on sentiment. Traders are eying today's PMI data out of China, which may have market-moving potential.

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WTI US Crude Oil Outlook: OPEC+ Overshadows Hurricane IDA as Oil Prices Stall

US Crude Oil prices stall below $70.00 despite Hurricane IDA threatening supply, OPEC+ expected to meet on Wednesday.

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USD/MXN Slides on Lower US Treasury Yields, Market Focus Turns to NFP Data

USD/MXN extends Friday's decline and falls moderately on Monday as U.S. Treasury yields lose further ground following Powell's dovish remarks at Jackson Hole.

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USD/JPY Rate Defends Defined Range Ahead of US NFP Report

USD/JPY may face range bound conditions ahead of the US Non-Farm Payrolls (NFP) report amid the lack of momentum to hold above the 50-Day SMA (110.12).

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Canadian Dollar Price Forecast: USD/CAD Sinks to Support - Loonie Levels

USD/CAD held support at a big spot last week, even as USD was pushing lower. Can USD/CAD bulls hold the line even as Oil prices threaten a breakout?

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Natural Gas Surge to Multi-Year Highs as US Production Restored after Ida

US production of natural gas shuddered ahead of Hurricane Ida is reopening and the alleviation of the temporary supply constraint has pulled futures prices back from their highest levels since Dece...

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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.

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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.

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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

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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.

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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?

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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?

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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.

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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.

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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.

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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

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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...