Thursday, 16 September 2021

Bitcoin Outlook: Crypto Adoption to Become Widespread in Wake of El Salvador, AMC?

Crypto adoption appears to finally be moving mainstream as El Salvador recognizes Bitcoin as legal tender and AMC announces its intention to accept Ether and Litecoin.

from DailyFX - Market News https://ift.tt/3hCbkkI
via IFTTT

AUD/USD Outlook Mired by Deviating Paths Between RBA & FOMC

AUD/USD extends the decline following the contraction in Australia employment as fresh US data prints fuel speculation for an imminent shift in Fed policy.

from DailyFX - Market News https://ift.tt/3Ak7ELt
via IFTTT

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

The US Dollar spiked up to a fresh September high today, but can bulls maintain the move with the FOMC scheduled for next week?

from DailyFX - Market News https://ift.tt/3CgKkPs
via IFTTT

Gold Price Reversal From July High Unfolds During Fed Blackout Period

The price of gold may face a further decline ahead of the Federal Reserve interest rate decision on September 22 amid broad based weakness across precious metals.

from DailyFX - Market News https://ift.tt/3zh0mXB
via IFTTT

US Dollar Spikes on Stellar Retail Sales, Gold Breaks Down to Key Support

USD surge on retail sales, hawkish Fed up next?

from DailyFX - Market News https://ift.tt/3hDurL6
via IFTTT

Bitcoin (BTC/USD) Forecast: Bitcoin bulls march towards $50,000

Bitcoin (BTC) prices edge towards $50,000 but bulls need to clear a few hurdles first.

from DailyFX - Market News https://ift.tt/2Xzpo7v
via IFTTT

Gold Price Forecast: XAU/USD Slides Back to Recent Support

XAU/USD is unable to break higher despite softer US CPI and economic slowdown

from DailyFX - Market News https://ift.tt/2Xlb1DA
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3Cw7ba3
via IFTTT

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?

from DailyFX - Market News https://ift.tt/2YSqUC0
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3nTLr0h
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3zeL9X8
via IFTTT

Moving Average (MA) Explained for Traders

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

from DailyFX - Market News https://ift.tt/2VP0mNf
via IFTTT

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.

from DailyFX - Market News https://ift.tt/398dNP0
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2XxVUH7
via IFTTT

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.

from DailyFX - Market News https://ift.tt/39cKkmY
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3AfpiAd
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3zcrAyM
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3EitrWp
via IFTTT

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

from DailyFX - Market News https://ift.tt/3e44of9
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3EnUK1q
via IFTTT

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...