Thursday, 4 November 2021

Oil Fails to Fill Price Gap Even as OPEC+ Retains Production Schedule

The price of oil may face a further decline over the coming days as it struggles to fill the price gap from earlier this week.

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British Pound Price Action Setups: GBP/USD, GBP/JPY, EUR/GBP

The British Pound is getting crushed today after the BoE did not hike rates as many had expected. But which GBP pairs are prime for bearish continuation and which are optimal for a bounce?

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USD/CAD Rate to Face US and Canada Employment Reports

USD/CAD is likely to face increased volatility later this week as both the US and Canada are slated to releases updated figures surrounding the labor market.

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Gold Prices React to the Fed, Yields & Non-Farm Payrolls (NFP)

Gold prices have recovered a portion of losses after Fed rate decision. NFP remains a key catalyst for the imminent move.

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GBP/USD Tumbles After Bank of England Leaves UK Interest Rate Unchanged

The Bank of England’s monetary policy committee has unexpectedly left UK Bank Rate at 0.1%, sending GBP/USD sharply lower as a 15 basis point rate hike had been fully priced in by the markets.

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Japanese Yen Outlook: USD/JPY Consolidating, NFP Could Shake Things Up

The threat of tightening by the Fed has been suppressed for now leaving the U.S. dollar against the Japanese Yen in limbo as attention shifts to NFP data tomorrow. Fundamentals to dictate USD/JPY b...

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Crypto Update: Bitcoin (BTC) Struggles to Push Higher as Ethereum (ETH) Takes the Spotlight

Bitcoin hovers within a triangle pattern as Ethereum outperforms on the back of surging alt-coins

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US Dollar (DXY) Pushing Higher as The Fed Starts to Tighten

The Federal Reserve announced that they would start withdrawing their extraordinary stimulus measures this month, as expected, giving the greenback a mild bid.

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Bank of England Preview: How Will The Pound (GBP) React

Bank of England rate hike a close call. Aggressive market pricing raises bar to surprise on the hawkish side.

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GBP Price Outlook: GBP/USD Downside Beckons Despite Likely UK Rate Hike

The Bank of England is expected to raise UK interest rates today but GBP/USD will still likely lose ground as a 15bps increase to 0.25% has been fully priced in by the markets already.

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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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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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Crude Oil Tanks Ahead of OPEC+ and Against Upbeat Tone Post FOMC. Can WTI Get a Grip?

Oil prices went lower today as stockpiles in the US were higher than anticipated and possible supply from Iran soothed markets. Will crude hold lofty levels?

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Wednesday, 3 November 2021

How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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Gold Prices Eye NFP Report After FOMC Decision Weighs on Yield Curve, US Dollar

Gold moved higher following the Fed's interest rate decision as the yield curve flattened. Friday's US non-farm payrolls report shifts into focus for bullion traders.

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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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AUD/USD Rises Post-FOMC as Australian Trade Data Approaches

The Australian Dollar is on the move higher against the US Dollar despite a hawkish FOMC signal. Australian trade data is in focus for today's APAC session.

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Copper Hugs Trendline Support as Market Conditions Remain Tight

Copper prices continue to oscillate around trendline support as market participants continue to gauge the longer-run impact of China's recent slowdown.

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Russell 2000 Explodes to Record High as Fed Taper Fails to Dent Risk Appetite

Russell 2000 charges higher and sets a new all-time high, supported by improving U.S. economic data and signs that the Fed will not rush to raise interest rates despite elevated inflation.

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Federal Reserve: FOMC Announces Taper at November Rate Decision

The Federal Reserve announced a start to tapering asset purchases at today's rate decision, a move that was well-telegraphed ahead of time.

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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...