Tuesday, 9 November 2021

How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.

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Gold Prices Up as US Dollar and Yields Dip Ahead of US CPI. Can XAU/USD Go Higher?

Gold prices have moved higher on US Dollar weakness and lower yields as inflation may not be playing a direct role for it. Has gold got legs for a break higher?

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AUD/USD Clings to Support After Chinese CPI and PPI Surge Higher

AUD/USD remained depressed after China reported higher consumer and factory gate prices for October. The 50-day SMA is underpinning prices through Wednesday's session.

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Sentiment Indicators: Using IG Client Sentiment

IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.

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New Zealand Dollar Forecast: NZD/USD Falls as Traders Eye Chinese Inflation Data

The New Zealand Dollar fell overnight versus the US Dollar as Wall Street stocks broke a multi-day winning streak. APAC traders are watching the wires for Chinese inflation data.

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Hang Seng Outlook Remains Cautious with Mixed Signals from Wall Street, Fed

The Hang Seng Index continues to look for clear direction as sentiment remains mixed following the Fed's financial stability report and strong US earnings.

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S&P 500 Falls from Record High Ahead of US CPI Data; PayPal Sinks on Weak Guidance

S&P 500 snaps winning streak and retreats from record high on profit-taking after failing to clear cluster technical resistance ahead of Wednesday's U.S. inflation data.

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Trading Earnings Season: 3 Steps for Using Earnings Reports

Read on for our 3 steps to follow when using earnings reports for trading.

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Coinbase, DoorDash, Aurora Cannabis – Quarterly Earnings Results

Coinbase, DoorDash and Aurora Cannabis reported quarterly earnings results after the bell. Here are the numbers.

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US Dollar Price Action Pre-CPI: EUR/USD, GBP/USD, USD/JPY

Inflation is expected to print at 5.8% tomorrow. How will the US Dollar respond?

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AUD/USD to Defend Monthly Opening Range on Upbeat Australia Jobs Report

AUD/USD may attempt to defend the monthly low (0.7360) as Australia’s Employment report is anticipated to show the economy adding 50K jobs in October.

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USD/JPY Outlook: Bull Flag Pattern Unravels Following Four Day Decline

The bull flag formation carried over from last month may continue to unravel with USD/JPY on track to mark a four day decline for the first time since August.

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Central Bank Watch: BOE & ECB Interest Rate Expectations Update

Rate hike odds are normalizing for the BOE after the November meeting, while the market seems to be ignoring the ECB’s guidance.

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Bitcoin (BTC/USD) & Ethereum (ETH/USD) Break ATH as Inflation Fears Rise

Bitcoin prices have retreated from the recent fresh ATH as the battle between inflation and employment persists.

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USD/ZAR Outlook: Rand Testing Key Levels as Focus Shifts to MTBPS

The rand has been on an upward trajectory of recent but the forthcoming MTBPS speech by Finance Minister Enoch Godongwana has the potential to challenge USD/ZAR bears.

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GBP/USD Price Outlook: Sterling Looks to Make up Lost Ground as Dollar Declines

The Pound looks to regain some strength against the dollar after last week’s massive Sterling sell-off due to overly-optimistic rates expectations

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EUR/USD Outlook Stable Around 1.1600 For Now

EUR/USD price action is currently being directed by the greenback and this looks set to continue in the near term.

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Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.

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Gold Price Forecast: Gold Bulls Face Significant Hurdle, Brainard Bullish for Gold

Rising odds of Brainard as Fed Chair underpins the precious metal

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US Dollar Hit as Treasury Yields Fall. Fed Warns of Risky Asset Price, Will USD Rally?

The US Dollar gave up ground on the Federal Reserve's concern for risky asset prices and speculation of a change in leadership at the Fed. Where to for USD?

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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...