Thursday, 2 September 2021

Australian Dollar Technical Analysis: AUD/CAD, AUD/JPY, AUD/CHF, AUD/NZD

The Australian Dollar is pushing higher of late, reversing long-run trends. Here are technical setups for AUD/CAD, AUD/JPY, AUD/CHF, AUD/NZD

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4 Effective Trading Indicators Every Trader Should Know

Discover the best forex indicators for a simple strategy: Moving Average, MACD, Stochastic and RSI.

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Dow Jones Gains as Crude Oil Prices Boost Energy Stocks, Hang Seng Index Eyes NFPs

The Dow Jones gained, boosted by energy stocks as WTI crude oil prices almost touched a one-month high. The Hang Seng Index confirmed a breakout above a key falling trendline from June.

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How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions.

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Australian Dollar Forecast: AUD/USD Eyes Domestic Data Prints Ahead of NFP

The Australian Dollar is looking to close out a bullish week of trading, with several domestic data prints on deck for Friday's Asia-Pacific session. However, the US non-farm payrolls report is key...

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How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.

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Russell 2000 Extends Gains but Bullish Momentum Could Begin to Fade Soon

The Russell 2000 has rallied in recent days after climbing above the midpoint of a lateral trading range, but buying momentum could fade as price approaches a key resistance.

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NZD/USD Rally Spurs Test of 200-Day SMA Ahead of US NFP Report

The US Non-Farm Payrolls (NFP) report may sway the near-term outlook for NZD/USD as the Federal Reserve carries out an outcome-based approach for monetary policy.

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US Dollar Pre-NFP Price Action Setups: EUR/USD, GBP/USD, AUD/USD

Tomorrow is the big day and NFP will be released at 8:30 AM ET: Will the Fed get what they need to mark 'significant further progress' in the labor market?

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AUD/USD Breaks Out of Descending Channel to Trade Above 50-Day SMA

AUD/USD may stage a larger recovery over the remainder of the week as the exchange rate trades above the 50-Day SMA (0.7375) for the first time since June.

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NZD/USD Faces Key Resistance As Bullish Momentum Ripens

NZD/USD attempting to break out of its key resistance area after an impressive bullish run

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USD/ZAR Forecast: Rand Back on Top as Best Performing EM Currency

The rand has exhibited a strong few weeks as it becomes the best performing emerging market currency against the dollar YTD, but has this ZAR rally run out of steam? Markets look to NFP’s for guida...

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US Dollar Price Action: USD Selloff, AUD/USD Shorts Covered, EUR/USD Upside Stalls

USD selling off into NFP, AUD negatives in the price, EUR setting up for ECB dove trap?

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Bitcoin (BTC/USD) Punching Through $50k, Ethereum (ETH/USD) Hits Another Multi-Month High

The cryptocurrency market is in full swing with prices across the board showing hefty gains, led by Bitcoin breaking back above $50k.

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British Pound (GBP) Price Outlook: GBP/USD, EUR/GBP Both Close to Reversing

GBP continues to move in opposite directions against USD and EUR: gaining against the Dollar but weakening against the Euro. However, resistance is nearing and both trends could soon reverse.

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Australian Dollar Gassed Up But Iron Ore Drop Aborts Lift Off. Where To for AUD/USD?

AUD/USD tried to go higher today on good data news but iron ore is moving lower while other commodities firm up. Which way will AUD/USD go?

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Wednesday, 1 September 2021

Crude Oil Prices May Drop Back From $70 on US Jobs Report

Crude oil prices may turn lower having rebounded toward the $70/bbl figure if US jobs data flags a slowdown in hiring even as wage inflation remains elevated.

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Gold Price Forecast: XAU/USD Eyes Covid, Initial Jobless Claims as NFP Nears

Gold traders have the US jobs market in tight focus as rising Covid cases boost the yellow metal's safe-haven appeal. Initial jobless claims will offer the last hint on the US labor market before F...

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S&P 500 Supported by Real Estate, Nikkei 225 Eyes Falling Triangle Chart Pattern

The S&P 500 ended flat, supported by the real estate sector after a soft ADP jobs report sent investors into tech stocks. The Nikkei 225 is eyeing a Descending Triangle chart pattern.

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British Pound Technical Analysis: GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD

The British Pound has been mixed in 2021 against it’s G10 peers. Here are technical setups for GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD.

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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...