Sunday, 10 October 2021

Oil Price Rally to Persist amid Tepid Recovery in US Crude Output

The price of oil clears the $80 handle as OPEC remains reluctant to boost production, and current market may keep crude prices afloat amid the tepid recovery in US output.

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Saturday, 9 October 2021

EUR/USD Forecast: What's the Incentive to Buy the Euro?

The problem for Euro bulls is that it’s hard to think of any good reason to buy it; not just EUR/USD but the Euro crosses too.

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Gold Prices Eye CPI as Non-Farm Payrolls Miss, Rising Wages Complicate Fed Outlook

Gold prices remain vulnerable despite a headline non-farm payrolls miss. Rising wages could mean that inflation remains high, complicating the Fed's outlook. XAU/USD eyes CPI data.

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Weekly Fundamental US Dollar Forecast: November Taper on Track After NFP

Despite a disappointing headline figure, the September US NFP report was another milestone on the road to the Fed tapering asset purchases.

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Friday, 8 October 2021

Bitcoin (BTC) Grinding Back to Multi-Month Highs, Volt ETF Offers Crypto Diversification

Bitcoin is up over $8k on the week with hardly a pullback seen during the latest move. The market leader looks strong but overbought, according to one technical indicator.

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Australian Dollar Outlook: Energy Burst Boosts Markets. Can it Drive AUD/USD Up?

The Australian Dollar is subject to external forces as commodities roar and risk sentiment sways under Chinese outcomes. Where to next for AUD/USD?

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GBP Forecast: BoE Rate Rise This Year? Don’t Bank on It

UK Labour and BoE speeches in focus. Aggressive tightening bets raise GBP sensitivity.

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NZD/USD to Stage Larger Recovery on Break of October Opening Range

NZD/USD may stage a larger recovery over the coming days if the exchange rate clears the opening range for October.

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Gold Jumps, US Dollar Drops on NFP Miss, Fed Tapering Still a Done Deal

NFP headline miss weighs on USD, however, this is unlikely to deter the Fed away from tapering.

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Australian Dollar Has Breakout Potential, S&P 500 Turning a Corner

AUD Approaching Pivotal Resistance. S&P 500 Tracking Seasonal Pattern. Eyes on US Yields

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NZD/USD Outlook: US NFP, RBNZ Rate Hike Expectations, Market Sentiment

NZD/USD is keeping near its key support area as investors look for guidance in the latest NFP report

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US Dollar Strength Underpinned by Higher Treasury Yields, Non-Farm Payrolls Near

The benchmark US 10-year bond is now quoted with a yield around1.60%, a new 4-month high, ahead of the latest look at the US jobs market.

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Japanese Yen Under Pressure as Energy Ramps Up Again. Will USD/JPY Break Higher?

The Yen has weakened as Japans reliance on imported energy takes its toll and the Nikkei 225 stock index tanks. Can USD/JPY make a new high?

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Crude Oil Prices Eye $80 as All Eyes Turn to US Jobs Data

Crude oil prices are hovering at seven-year highs just below the $80/bbl figure as all eyes turn to September’s US labor market data.

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Thursday, 7 October 2021

Gold Prices May Fall on Rosy NFPs after US Senate Temporarily Lifted Debt Ceiling

Gold prices could fall if a rosy non-farm payrolls report further boosts Treasury yields after the US government temporarily raised the debt ceiling through early December.

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The Most Volatile Currency Pairs and How to Trade Them

Find out what currency pairs may show the most volatility, and how you can tailor your strategy to capitalize on market volatility.

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AUD/USD Higher on US Debt Ceiling Deal – Focus Turns to Chinese PMIs, US NFPs

The Australian Dollar moved higher versus the US Dollar overnight as US lawmakers advanced negotiations over raising the debt ceiling. APAC traders await Chinese PMIs and US NFP data.

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Dow Jones Outlook: Stocks Push Higher Following Jobless Claims, NFPs Eyed

The Dow Jones Industrial Average pushed higher on Thursday as the number of people filing for unemployment fell to 326,000, a decrease of 38,000 from the previous week.

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Mexican Peso Outlook: USD/MXN Gains as Traders Eye NFP for Fed’s Path Ahead

USD/MXN could maintain near-term upside momentum if the NFP report shows strength and reinforces the upward trajectory of U.S. Treasury yields.

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Sentiment Indicators: Using IG Client Sentiment

IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.

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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...