Sunday, 17 October 2021

Australian Dollar Under Pressure on China Data Miss. Can AUD/USD Hold Ground?

The Australian Dollar may struggle to hold higher ground as China GDP and industrial production disappointed markets. Retail sales was rosier. Will AUD/USD stay strong?

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US Dollar Outlook: USD/SGD, USD/THB Eye China GDP as USD/IDR Faces Energy Crunch

The US Dollar may be at risk against ASEAN currencies as an energy crunch benefits the Indonesian Rupiah. USD/THB and USD/PHP face loosening Covid restrictions. All eyes on China GDP.

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NZD/USD Rises After Q3 Inflation Bolsters RBNZ Rate Hike Outlook

The Kiwi Dollar is moving higher after New Zealand's third-quarter inflation data beat analysts' expectations. China GDP is in focus for APAC traders.

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Markets Week Ahead: Dow Jones, US Dollar, Yen, Crude Oil, Bitcoin Nears Record High, China GDP

The Dow Jones gained as the US Dollar and Japanese Yen weakened. Crude oil continues its ascent amid a global supply crunch. All eyes turn to Chinese GDP data. Bitcoin nears a record high as future...

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Weekly Fundamental Crude Oil Price Forecast: Bullish Outlook, For Now

Despite the ongoing bullish fundamental environment in the near-term, the narrative may soon begin to shift as traders look towards next year.

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S&P 500 & Nasdaq 100 Forecast: Netflix & Tesla Earnings to Set the Tone for the Market

Quarterly earnings from Netflix and Tesla, two big tech companies, will take center stage next week and could set the trading tone for the S&P 500 and the Nasdaq 100.

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US Dollar Outlook: USD Loses Momentum as Technical Levels Hold Firm

US Dollar loses steam as technical and fundamentals drive price action into critical resistance.

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Saturday, 16 October 2021

Euro (EUR) Price Forecast: More Falls Ahead for EUR/GBP, EUR/AUD, EUR/CAD

Relative stability in EUR/USD has masked weakness in the Euro against most other major currencies, and that weakness can be expected to persist in the week ahead and likely for longer.

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Gold Fundamental Forecast: Yield Curve Key to Bullion Prices as Q3 China GDP Nears

Gold prices moved higher last week, but an upbeat US retail sales report underpinned Treasury yields on Friday, which weighed on bullion. Chinese Q3 GDP is in focus for XAU traders.

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US Dollar Outlook: USD Upside Stalling, Risk of Larger Setback

US Dollar losing its appear demand picks up for major counterparts. Risk of larger setback as risk appetite stabilises.

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Bitcoin (BTC/USD) Surges Back to Multi-Month Highs on Renewed ETF Chatter

Bitcoin broke above $60k earlier in the session to a fresh multi-month high on the renewed expectation that the SEC will approve a futures-based Bitcoin ETF very soon.

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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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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...