Thursday, 21 October 2021

USD/TRY Spikes After Turkish Central Bank Delivers Larger Than Expected Cut

USD/TRY hits a fresh record high after a 200bps rate cut vs 50-100bps cut expected.

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Bitcoin’s All-Time High Sparks Life Into The Alt-Coin Market, Solana Pumps

The alt-coin market is registering strong gains this morning after Bitcoin's recent ATH lifts the market across the board.

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Australian Dollar Forecast: AUD/USD Reversal Levels, AUD/JPY at the Extremes

Further AUD/USD upside facing challenges, AUD/JPY extreme raises the risk of a pullback.

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Equities Q4 Fundamental Forecast: Short-Term Uncertainties But Longer-Term Fortunes

Throughout the third quarter, there had been somewhat of a reversal in the reflation trade as concerns over the peak in the global growth lingered, alongside the continued spread of the Delta variant.

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British Pound (GBP) Price Outlook: GBP/USD Struggling to Break Above 1.38

GBP/USD continues to wrestle with the psychologically-important 1.38 level, which is providing near-term resistance. Meanwhile, UK public sector net borrowing (PSNB) data were better than expected.

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Japanese Yen Leaps Higher as Nikkei Falls and China Looks for Energy Answers. Will the Trend Resume?

The Japanese Yen paused on its recent weakening trend and the Nikkei 225 responded by selling off. Will USD/JPY keep the trend intact?

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Wednesday, 20 October 2021

AMD Share Price: What to Expect from Q3 Results

AMD’s share price has surged close to 9.5% over the past week. Can its upcoming Q3 results lead to a new record high for its share price?

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Crude Oil Forecast: Price Sets Fresh High as Bulls Eye More Upside

Crude oil is breaking into fresh seven-year highs as supply continues to tighten amid rising demand. Bulls are in firm control with their sights set higher.

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Gold Prices Drives Up the Range as US Dollar Wallows. Can XAU/USD Make a Breakout?

Gold prices have moved slightly higher on US Dollar weakness, but face headwinds as other assets become attractive. Is there enough lustre for gold to go higher?

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How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions.

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New Zealand Dollar Forecast: NZD/USD Drives Higher on Buoyed Risk Sentiment

The New Zealand Dollar moved higher overnight after Wall Street traders pushed US stocks higher. Meanwhile crude oil prices gained on a surprise inventory draw, per EIA figures.

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How to Become a Day Trader: Lyss Tj Roberts’ Story

Lyss Tj Roberts started trading in 2012 and quit a year later when all of the small cap stocks she had invested in went bankrupt.

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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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Dow Jones Hits Intraday Record as Risk-on Mood Lifts All Boats Including Bitcoin

The Dow Jones rises for the fourth consecutive day and briefly marks an intraday high, supported by risk-on mood in response to positive corporate earnings and constructive profit guidance.

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Tesla Q3 Earnings Report: Revenue and EPS Beat, Stock Unfazed After Hours

Tesla beat analysts' expectations for the third quarter, but prices failed to move higher in after-hours trading. Supply chain issues will be under the microscope on this evening's earnings call.

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

The CAD rip has continued against both the US Dollar and the Japanese Yen, but for how long can overbought conditions remain before a pullback comes into play?

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NZD/USD Rate Clears September High to Trigger Overbought RSI Reading

Recent developments in the RSI indicate a further appreciation in NZD/USD as the oscillator pushes into overbought territory for the first time since February.

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Gold Price Eyes 200-Day SMA Again During Fed Blackout Period

The price of gold may stage a larger recovery during the Federal Reserve’s blackout period as it extends the series of higher highs and lows from the start of the week.

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Canadian Dollar Forecast: Inflation Beat, USD/CAD Continuing to Slide

CAD rate to remain on the frontfoot heading into Bank of Canada Meeting. CPI prints above estimates.

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FANG Stocks Update: Netflix Earnings Buzz, Facebook Rebrand & Margin Woes

The grouping of tech giants, commonly known as ‘FANG’, soared to an all-time high yesterday on Netflix earnings hype and increased earnings optimism

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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...