Tuesday, 26 October 2021

Australian Dollar Jumps as RBA Preferred CPI Beats Estimates. Can AUD/USD Go Higher?

The Australian Dollar reacted to 3rd quarter CPI numbers by immediately testing the upper bound of the recent range. Will AUD/USD resume the trend?

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How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

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Nasdaq 100 Edges Higher as Microsoft, Alphabet, Twitter Report Earnings

Nasdaq 100 stocks continue to power higher as sentiment remains strong with earnings season in full swing.

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Dow Jones Ekes Out Record Close as Earnings Boost Optimism. Will the Rally Continue?

The Dow Jones could have more upside potential in the near term as the fundamental outlook becomes more positive and the technical picture remains bullish.

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NZD/USD Rate Rebound Mired by RSI Sell Signal

The Relative Strength Index (RSI) indicates a larger pullback in NZD/USD as the oscillator falls back from overbought territory to offer a textbook sell signal.

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Gold Price Forecast: Ahead of the Fed, the Gold Coil Continues

Gold prices are still digesting more than 14 months after setting the ATH. Next week's Fed meeting and the way that Gold behaves around that is key for future trends.

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EUR/USD Rate Consolidates with ECB Interest Rate Decision on Tap

The ECB interest rate decision may sway the near-term outlook for EUR/USD if the Governing Council adjusts the forward guidance for monetary policy.

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Return to Normalcy Harkens Shift in Retail Trading Era

It stands to reason that as we persist in a lower volatility environment, which incidentally may be good for a steady float higher in US equity prices, could also see the level of interest among re...

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USD Holds Steady, US Consumer Confidence Shows Surprise Increase

US Consumer Confidence Halts Three Month Decline. USD Steady Ahead of ECB, BoC and month-end

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Market Sentiment Positive, Stocks Benefit While US Dollar Eases | Webinar

Trader confidence remains high and that means current trends, in particular stronger stock markets and a weaker US Dollar, will likely persist for a while yet.

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USD Sold, GBP/USD Flips Net Long & CAD Buying Boosted – COT Report

USD sold for second consecutive week, asset managers seek GBP ahead of possible BoE rate rise. CAD longs jump.

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Canadian Dollar Outlook: Bank of Canada will Drive the Next Move in USD/CAD

The Bank of Canada is fully expected to leave rates untouched tomorrow, but traders should be wary of official inflation and bond-buying commentary.

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Crypto Update: Bitcoin (BTC) and Ethereum (ETH) Aim for ATH as Rally Continues

Cryptos are back on the rise as investors continue to buy the dip ahead of new all-time highs

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British Pound (GBP) Price Outlook: GBP/USD Gains Unlikely Ahead of BoE Rate Decision

GBP/USD continues to trade just under the psychologically important 1.38 level, with further upside limited ahead of the Bank of England’s next interest rate decision on November 4.

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Australian Dollar Skips Up on Soft US Dollar and Positive Risk. Will it Go Higher?

The Australian Dollar moved higher today as risk assets appreciated on solid company earnings reporting a thawing of China/US relations. Can AUD/USD keep going?

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Monday, 25 October 2021

Gold Prices Eye Consumer Confidence Data as Technical, Positioning Signals Clash

Gold prices rallied to wrap up Monday ahead of key US CB Consumer Confidence data. Technical analysis hints at near-term weakness, but retail trader positioning says otherwise.

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Copper Price Rallies on Shrinking Chinese Inventories, Supply Chain Bottlenecks

Copper prices declined on lower than expected inventories in Shanghai warehouses on Monday as fears over a global supply shortage take center stage.

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Nasdaq 100 Leads Monday Rebound as Facebook Posts Mixed Q3 Earnings

Tech stocks outperformed on Monday as Tesla shares gained over 12%, pushing the company's market capitalization over $1 trillion. Facebook missed analyst expectations on the top line.

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S&P 500 Notches Record Close as Strong Earnings Ease Worries, XOP hits 52-week high

S&P 500 closes at an all-time high, bolstered by solid corporate results ahead of big tech earnings. Meanwhile, the XOP ETF hits a 52-week high, boosted by strength in commodity prices.

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S&P 500 and Nasdaq 100 Gain for Fourth Day in a Row as Traders Await Key Earnings

S&P 500 closes at an all-time high, bolstered by solid corporate results ahead of big tech earnings. Meanwhile, the XOP ETF hits a 52-week high, boosted by strength in commodity prices.

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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...