A bear flag formation has taken shape in USD/CAD as the exchange rate struggles to trade back above the 200-Day SMA (1.2472).
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Wednesday, 10 November 2021
Amazon and Ford backed ‘Rivian’ Gears up for Nasdaq Debut, Tesla Bounces Back
Tesla rival ‘Rivian Automotive’ (RIVN) makes it’s eagerly awaited debut on the Nasdaq Stock Exchange as Tesla selling abates
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Gold Price Forecast: XAU Spikes on 6.2% CPI - Gold Four-Month Highs
Gold prices broke out to a fresh four month high this morning, pushed along by a really strong CPI read. It appears that both fundamental and technical backdrops are lining up.
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Crude Oil Outlook: Oil Prices Rise as Inflation Jitters Loom
Oil prices continue to rise as fundamental factors weigh on supply. Rising channel continues to hold bulls at bay
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USD Breaking News: Hawkish Pressure Increases as CPI Beats Estimates, DXY Higher
U.S. CPI data came in above estimates with both core and headline inflation exceeding expectations. The U.S. dollar has moved marginally higher post-announcement as the DXY looks to target swing hi...
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Gold Price Running Into Resistance Ahead of US Inflation Data
The precious metal is heading towards a zone of resistance in advance of the latest US inflation release.
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USD & Cross Asset Reaction to US CPI, AUD Headwinds Ahead of Jobs Report
FX implied volatility remains subdued, despite noteworthy inflation data. Soft iron ore prices weigh on AUD.
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Tesla (TSLA) Shares Slump Further – Down 17% in Less Than a Week
Tesla CEO Elon Musk is back in the news again with Twitter polls, stories about his brother selling Tesla stock, and Michael Burry�s suggestions hitting the stock price hard.
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British Pound (GBP) Price Outlook: GBP/USD Shrugs Off Row Over MPs' Second Jobs
Political turmoil in Westminster over Members of the UK Parliaments’ second jobs has failed to damage GBP/USD so far, suggesting underlying support for the pair.
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Crude Oil Prices Jump as US Holds Reserves and Ahead of US CPI. Where To from Here?
WTI oil squeezed up on news that the US will not release strategic reserves and inflation data gives markets much to mull over. Can crude continue to climb?
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Tuesday, 9 November 2021
Forex Vs Stocks: Top Differences & How to Trade Them
Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.
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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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Posts (Atom)
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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....