Looming developments in the Relative Strength Index (RSI) may indicate a further decline in EUR/USD if the oscillator slips below 30 to push into oversold territory.
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Tuesday, 12 October 2021
Breaking News: IMF Economic Outlook Adds to Stagflation Fears, Growth Revised Lower
Inflation, climate change, COVID-19 and input headwinds are key issues identified by the International Monetary Fund (IMF) and Chief Economist Gita Gopinath in today’s economic outlook.
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Bitcoin (BTC) Rally Continues, Alt-Coins Remain Under Pressure
Bitcoin continues to out-perform the market as a whole and climbs back above $57k with little in the way of resistance before the May high just below $60k.
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More Scope for High Energy Prices to Weaken Stocks and JPY, Benefit USD and AUD | Webinar
Trader confidence has been hit hard by high energy prices, inflation fears and rising yields, and, despite the current pause for breath, there are few signs yet of confidence returning.
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US Dollar Winning Safe-Haven Battle vs JPY, CHF Risks Are Lower
Japanese Yen plummets across the board, CHF to see lagged weakness. USD consolidating.
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DAX 40 Pushes Aside Worsening ZEW as Equities Steady Ahead of US CPI
Investors eye the latest US CPI release to get further clarity on stagflation concerns
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British Pound (GBP) Price Outlook: GBP/USD Well Placed for More Gains
GBP is ignoring unhelpful market conditions as the prospect of a UK rate rise this year outweighs concerns about high energy prices leading to rising inflation and increasing bond yields.
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Nikkei 225 Index Ricochets Amid Crude Oil Volatility. Where Will the Index land?
The Nikkei 225 - Japans benchmark stock index - softened today as the impact of higher energy costs emerged in the producer price index. Meanwhile, a storm is brewing.
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Monday, 11 October 2021
Crude Oil, Coal Forecast: Prices Supported by Tightening Supply Outlook
Crude oil and coal prices hit fresh levels overnight as supply issues threaten to worsen an already fragile energy situation. Asia is particularly susceptible after regional flooding shuttered coal...
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Nasdaq 100 Falls Ahead of US CPI as Treasury Yields Rise, Hang Seng Index at Risk
The Nasdaq 100 fell as Treasury yields rose ahead of Wednesday’s US CPI data after last week’s non-farm payrolls report underscored inflationary pressures. The Hang Seng Index could be vulnerable a...
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What is Earnings Season & What to Look for in Earnings Reports?
Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.
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AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices
The Australian Dollar charged higher overnight as flooding across China forced mines to close on safety concerns. That sent coal prices in Asia surging higher alongside AUD/USD.
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How to Become a Stock Trader and Investor: Rose Rapson’s Story
Stock traders are often parodied as Wall Street whirling dervishes, moving from monitor to monitor, spewing expletives, buying and selling many times a day. Rose Rapson defies that stereotype.
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FX Week Ahead - Top 5 Events: US Inflation Rate; FOMC Minutes; Australia Jobs Report; China CPI, Loans; US Retail Sales
The turn through the middle of October sees a jampacked calendar in the second half of the week.
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USD/JPY Rate Rally Pushes RSI Into Overbought Territory
Recent developments in the RSI indicate a further appreciation in USD/JPY as it pushes into overbought territory for the first time since the first quarter of 2021.
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The CPI and Forex: How CPI Data Affects Currency Prices
Find out how to use the Consumer Price Index to make informed trading decisions.
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY, USD/CAD
There's a key inflation print being released on Wednesday and the US Dollar retains bullish breakout potential with a bull pennant formation.
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USD/CAD Susceptible to Larger Correction Ahead of US CPI, FOMC Minutes
Key developments coming out of the US may curb the recent decline in USD/CAD as signs of sticky inflation fuels speculation for an imminent shift in Fed policy.
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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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Australian Dollar Forecast: AUD/USD Breaks Technical Barrier, Upside for AUD/CHF
Mood music improves for Aussie. Eyes on AU Jobs and US CPI
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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Gold managed to trade higher on Tuesday, maintaining its bullish run ahead of key US growth and PCE inflation data. Subdued gold volatility ...