Friday, 15 October 2021

Australian Dollar Outlook: AUD/USD Back on the Offensive as Covid Restrictions Ease

The Australian Dollar is seemingly back on the offensive as lockdowns ease in Sydney and Melbourne. Improving sentiment may allow AUD/USD to capitalize on rising equities and commodity prices.

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GBP/USD Rate Rally Susceptible to Slowdown in UK CPI

The update to the UK Consumer Price Index (CPI) may undermine the recent rally in GBP/USD as the report is anticipated to show a slowdown in the core rate of inflation.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar has pulled back to test support at prior resistance, and next week sees a heavy focus on inflation numbers outside of the states as rates continue to drive market flows.

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Michigan’s Consumer Sentiment Data Disappoints, DXY Largely Unchanged

The preliminary data for the University of Michigan's consumer confidence survey missed expectations

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China GDP, Bitcoin (BTC) & S&P 500 INDEX (SPX) – FinTwit Trends to Watch

Fintwit is alive this week as Bitcoin hits $60000, U.S. earnings season begins and boosts the S&P 500 index (SPX) while global markets anticipate next week’s China GDP data announcement.

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Why Most Traders Fail and How to Increase Trading Success

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.

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S&P 500, DAX 40, FTSE 100 Forecasts: Bank Earnings Trigger Risk-on Mood

Investors are setting aside their concerns about stagflation as US earnings kick off with a positive tone

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Japanese Yen Capitulates, USD/JPY Soars, Significant GBP/JPY Bullish Break

JPY selling relents across the board with little sign of a reversal.

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Stocks at Risk as China-Taiwan Tension Eclipses Xi-Biden Summit

Stock markets may be vulnerable to political volatility as China flexes its military might against Taiwan ahead of the Biden-Xi summit. Will reconciliation yield to rockets?

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Bitcoin (BTC/USD) Breaks $60k on Growing Futures-Based ETF Expectations

Bitcoin broke through $60k earlier today on growing confidence that the SEC will sign-off on a BTC futures-based ETF in the very near future.

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Thursday, 14 October 2021

How to Short Sell a Stock When Trading Falling Markets

Short selling is a great way to trade on a falling market. Learn how to short stocks

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Gold Prices Rise Within Ascending Channel, is XAU/USD’s Next Leg Lower?

Gold prices seem to be pointing higher in the near term as XAU/USD rises within an Ascending Channel. Its next leg could be lower though. Eyes turn to US retail sales.

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Natural Gas Holds Key Technical Support, Path of Least Resistance Remains Higher

Natural gas futures held a key technical level this week, potentially paving the way for another run at the 2014 high.

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NZD/USD Outperforms as RBNZ Rate Bets Tighten, Business PMI Improves

The New Zealand Dollar is receiving strong inflows against the US Dollar as traders price in a more aggressive rate hike path for the RBNZ. Chinese FDI data is slated to drop in the coming days.

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Mexican Peso Outlook: USD/MXN Bullish Impetus Wanes as Yields Retreat. New Trend?

The pullback in U.S. Treasury yields has neutralized USD/MXN's bullish momentum, but price remains biased to the upside from a technical perspective following the development of a golden cross.

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S&P 500, Nasdaq Rip as Yields Dip, Focus Shifts to Retail Sales

Stocks ripped higher today and this was a very encouraging move for bulls, but they had some help from bonds and tomorrow brings retail sales - can bulls hold the bid?

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British Pound Technical Analysis: GBP/AUD, GBP/CAD, GBP/NZD Rates

BOE rate hikes may have risen, but the Sterling is still struggling against the major commodity currencies.

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Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

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Canadian Dollar Price Forecast: USD/CAD, CAD/JPY, EUR/CAD

The Canadian Dollar has continued to show strength particularly in pairs like CAD/JPY or EUR/CAD.

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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

The RBNZ has already hiked rates, while the BOC is turning more hawkish. Meanwhile, the RBA remains on hold.

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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...