Thursday, 16 September 2021

British Pound (GBP) Price Outlook: GBP/USD Edging Lower But Range Holds

GBP/USD is a little weaker in early European hours Thursday but continues to trade within a relatively narrow range, unaffected by Wednesday’s UK Cabinet reshuffle.

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Japanese Yen Gains as Sentiment Sours, AUD/NZD Loses Ground After Kay Data

The anti-risk Japanese Yen appreciated during Thursday’s Asia Pacific trading session while AUD and NZD reacted to key data. Will USD/JPY break out?

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Wednesday, 15 September 2021

Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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AUD/USD Strength Dented on Big Jobs Report Miss, RBA Q3 Contraction View Bolstered

The Australian Dollar took a hit but remained higher on the day versus the US Dollar after a big jobs report miss. The 146k jobs lost in August bolsters calls for a Q3 economic contraction.

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Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

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Nasdaq 100 Outlook: Risk Assets Turn Higher on APAC Data, Australian Jobs Report Eyed

A comeback in US equities is helping to lift sentiment in Thursday's APAC session. A blowout GDP report out of New Zealand bolstered the risk-taking mood as traders eye the Australian jobs report.

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NZD/USD Analysis: Kiwi Dollar Pushes Higher on Strong Q2 GDP Data

New Zealand posted GDP growth for Q2, with a record print for YoY growth propelling the Kiwi higher in immediate trade.

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ASX 200 Forecast: Aussie Equities Looking for Relief after Tough Start to September

The fundamental outlook for Australian equities remains bleak as China continues to weaken, iron ore prices continue to fall, and tensions rise over Covid restrictions.

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Oil Price Breaks Out of Descending Channel to Approach August High

The price of oil appears to be on track to test the August high ($73.95) as crude breaks out of the descending channel from earlier this year.

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Is Russell 2000 About to Stage a Comeback? Will a Cyclical Relief Help IWM?

Cyclical relief could come soon, once the economic recovery stabilizes. This dynamic should benefit small caps and thus the Russell 2000 over the medium term.

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S&P 500 Bounces from Low but is Evergrande, FOMC Pushing a Possible Turn?

Markets have so far taken news around Evergrande in stride, but there's possible risk here, and the Fed is at a potential turn, making for tough timing.

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Fibonacci Confluence on FX Pairs

Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight

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NZD/USD Bull Flag Formation Emerges Amid Failure to Test Monthly High

NZD/USD appears to be trading within bull flag formation as it tracks the monthly opening range for September.

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Canadian Dollar Latest: CPI Higher, CAD Faces Upside Risks

Canadian Inflation Edges Higher, CAD Muted But Oil Signals Upside

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ZAR Price Forecast: USD/ZAR Reversal Threatens Impressive YTD Performance

Bullish engulfing in USD/ZAR yesterday raises questions of a potential reversal in one of the strongest performing EM currencies this year

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USD/JPY Technical Setup Dragging Along

USD/JPY is struggling to consolidate the final leg off its symmetrical pattern

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Crude Oil Prices Struggle to Make Good on Supportive Backdrop

Crude oil prices are struggling to make lasting headway despite seemingly supportive macro news-flow and signs of an upside breakout in technical positioning.

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British Pound (GBP) Price Outlook: GBP/USD Advancing After UK Inflation Data

UK inflation recorded its highest jump on record last month, boosting GBP/USD as the figures focused attention again on whether and when the Bank of England will taper UK monetary policy.

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US Dollar Solid as Weak Data Weighs on Risk Assets in Asia. Will EUR/USD Move Lower?

The US Dollar continued to find firmer footing following soft US CPI amid weak data through the Asian session. Will EUR/USD stay in the range or break lower?

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Tuesday, 14 September 2021

How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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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...