Friday, 10 September 2021

British Pound (GBP) Price Outlook: EUR/GBP May Rally, UK Inflation Looms

After Friday’s mixed bag of UK economic data, next week’s UK inflation numbers will be the likely focus for EUR/GBP traders. Inflation may well undershoot, prompting a move higher for the cross.

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Hang Seng Index Higher as Risk Turns On But AUD/USD Can’t Catch A Bid. Where To From Here?

Asian equities gained as markets turned upbeat after the leaders of the US and China had a phone call. The Australian Dollar remained trapped. Will AUD/USD continue lower?

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Thursday, 9 September 2021

Trading Forex at the News Release

Learn how to trade forex news at the release with our top news trading strategies

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New Zealand Dollar Forecast: NZD/USD May Fall After Weak Economic Data

The New Zealand Dollar may see some weakness versus the US Dollar after data showed that electronic card spending fell in New Zealand last month as Covid lockdowns hit consumption.

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New Zealand Dollar Technical Analysis: AUD/NZD, EUR/NZD, GBP/NZD

NZD strength sees many Kiwi pairs making swift moves lower. These are the technical setups for AUD/NZD, EUR/NZD, GBP/NZD.

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Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important.

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Mexican Peso Outlook: Choppy Price Action Likely Near-Term in USD/MXN

USD/MXN could remain anchored around current levels and trade directionless for the next couple of weeks unless a risk-off episode sparks volatility and boosts demand for safe-haven assets.

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Euro Forecast: After ECB, Ranges Prevail in EUR/GBP, EUR/JPY, EUR/USD

The Euro is slightly weaker after the ECB’s ‘readjustment,’ except against the US Dollar.

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Oil Price Trades in Monthly Opening Range as Ida Hits US Crude Data

The price of oil may continue to track the opening range for September as it struggles to push back above the 50-Day SMA ($69.93).

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How to Trade Forex News: An Introduction  

Find out the essentials of trading the news with this introductory guide to forex news trading

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USD/ZAR Breaking News: Missed SA Manufacturing Data Halts Rand Gains

A plethora of economic data today ended in a win for rand bulls as USD/ZAR eyes 14.000, while focus shift towards Fed speeches later today.

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Gold Price Reverses Ahead of July High to Trade Back Below 200-Day SMA

The failed attempt to clear the July high ($1834) undermines the recent recovery in the price of gold as it trades back below the 200-Day SMA ($1809).

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Crude Oil Prices Drop as China Releases National Reserves

Crude oil prices have fallen back on news that China has released crude from its reserves to reduce the pressure on its companies from rising raw material prices.

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Breaking: ECB to Slow PEPP Purchase Pace, EUR/USD and Bund Yields Muted

ECB to slow PEPP purchases as expected. Euro and Bund yields see muted reaction in light of expected decision.

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Solana (SOL/USD) Continues to Soar, Ethereum (ETH/USD) Consolidating Recent Flash Crash

The alt-coin market is shaking off this week's heavy sell-off with multiple coins making double-digit gains.

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Euro Setup: EUR/USD, EUR/GBP Ahead of ECB

Euro traders keeping an eye on ECB as expectations for a hawkish tilt rise

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Chinese Property Giant Evergrande’s Debt Fears, Ongoing Gaming Market Shake-Up

Chinese property giant Evergrande is back in the news as fears over the size of the companies debt pile and the possible wider spread contagion effect increase.

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British Pound (GBP) Price Outlook: GBP/USD Downturn to Persist

GBP/USD continues to edge lower, partly on a firm US Dollar and partly on speculation that the Bank of England may decide to offset the fiscal tightening announced by the UK Government.

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Gold Prices Erase Two-Week Rise in a Day on Fed Outlook Rethink

Gold prices tumbled, erasing two weeks of gains in a single day as the markets recalibrated Fed policy bets. The spotlight now turns to the ECB.

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Australian Dollar Hit as Market Mood Sours, ECB Taper Talk Eyed. Will Risk Appetite Return?

The Australian Dollar fell as the Fed’s Beige Book got a sombre response and a taper-minded ECB meeting came into view. Will it bring risk assets like AUD/JPY some reward?

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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...