Friday, 3 September 2021

British Pound (GBP/USD) Latest: NFPs the Near-Term Driver, UK Tax Hike Talk

As traders sit and wait for the latest US jobs report, UK PM Johnson is said to be mulling a National Insurance hike.

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AUD/USD Moving From One Extreme to the Next, a Classic Case of Trading NFP

AUD/USD Short Squeeze Wipes Out Bears, Eyes on RBA

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Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

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US Dollar Setup: USD/JPY, USD/CAD, EUR/USD Ahead of NFP

Bearish US Dollar positioning heading into the NFP release as ADP disappoints

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Nikkei 225 Up as Japan PM Suga Quits, US Jobs Data Due. Where To For USD/JPY?

The Nikkei 225 Japanese stocks index rose while the Yen initially weakened on the news of Prime Minister Suga’s resignation. Where to for USD/JPY?

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Gold Prices May Fall on US Jobs Data Even If Payrolls Disappoint

Gold prices may drop even if nonfarm payrolls growth proves soggy as long as wage inflation remains elevated, beckoning the Fed to scale back QE and boosting the US Dollar.

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Thursday, 2 September 2021

How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

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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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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...