Tuesday, 16 November 2021

AUD/USD Eyes Australian Wage Data After US Dollar Strengthens on Retail Sales

AUD/USD fell overnight after a better-than-expected US retail sales report lifted Treasury yields. Meanwhile, natural gas prices surged following a regulatory spat of Europe's Nord Stream 2 pipeline.

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New Zealand Dollar Technical Analysis: EUR/NZD, NZD/CAD, NZD/JPY

Multiple New Zealand Dollar crosses look set for explosive moves out of flag formations. These are the technical setups that matter for EUR/NZD, NZD/CAD, NZD/JPY.

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S&P 500 Flirts with Record Close as Consumer Strength Boosts Confidence in the Economy

Strong U.S. retail sales data bolsters confidence in the economic recovery and increases appetite for risk assets, pushing the S&P 500 closer to its record high.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY

King Dollar is the freight train that hasn't stopped, helped along by a nasty spill in the Euro which still hasn't found support.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

Rates markets continue to get more aggressive with respect to the Fed’s taper and hike cycle – which is good news for the US Dollar.

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Top 8 Forex Trading Strategies and their Pros and Cons

Compare the pros and cons of different forex strategies, from day trading to position trading.

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Euro Forecast: Bearish Momentum Accelerates in EUR/GBP, EUR/JPY, EUR/USD

A plethora of negative developments in recent days has been plaguing the Euro.

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NZD/USD Rate Weakness Generates Negative Slope in 50-Day SMA

NZD/USD may continue to give back the advance from the October low (0.6877) as it trades back below the 50-Day SMA, with the indicator starting to reflect a negative slope.

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Market Sentiment Strong, Stocks Higher, Yet USD Firmer Too | Webinar

Traders remain very confident about the outlook for markets, with many stock indexes at or near all-time highs, yet the USD is climbing too.

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US Dollar Upside Maintained Amid Retail Sales Beat

US Dollar upside persists following another round of firm retail sales.

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Japanese Yen Outlook: USD/JPY Breakout Potential, Inflation in Focus

The Japanese Yen looks primed to breakout out of the unfolding bull flag pattern while weak GDP and upcoming inflation could see further weakness. A hawkish Fed may also add further bullish impetus...

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Walmart and Home Depot Earnings Snapshot: Strong Figures Ahead of the Holiday Period

Walmart and Home Depot reported strong earnings despite supply chain disruptions, labor shortages and increasing prices.

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Australian Dollar Forecast: Wages Key to AUD/USD and RBA Outlook

Australian Dollar eyes key wage data. AUD/NZD elevated relative to bond spreads.

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Canadian Dollar (CAD) Strength Underpinned by Rate Hike Expectations

The Canadian dollar remains strong, with money markets pricing in a handful of interest rate hikes in 2022 supporting the move.

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British Pound (GBP) Price Outlook: GBP/USD Rallying After Strong UK Jobs Data

A strong UK employment report has effectively made an interest rate increase by the Bank of England next month a certainty, with the only question being how large it will be.

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Dow Jones Industrial Average Steadies on Biden–Xi Non-Event. Will US Stocks Make a New High?

The Dow Jones Industrial Average consolidated into the week as strong manufacturing data was unable to lift equities. Can US stocks look to challenge the peak?

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Monday, 15 November 2021

Gold Price Forecast: XAU/USD Eyes US Retail Sales for Direction

Gold moved higher last week despite rising yields and a stronger US Dollar. Bullion traders are watching an incoming US retail sales report, which may provide further direction for the yellow metal.

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Australian Dollar Forecast: AUD/USD Rises Ahead of RBA Minutes, Lowe Speech

AUD/USD moved higher overnight despite souring sentiment on Wall Street. The RBA’s latest meeting minutes and a speech from Governor Lowe may provide direction for the Aussie Dollar today.

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Swiss Franc Technical Analysis: CHF/JPY, EUR/CHF, GBP/CHF

Multiple Swiss Franc crosses are approaching key technical levels following reversals of recent trends. These are the levels that matter for CHF/JPY, EUR/CHF, GBP/CHF.

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British Pound Technical Analysis: GBP/AUD, GBP/CAD, GBP/NZD Rates Outlook

Incoming UK economic data may help spark a turnaround by the British Pound versus the commodity currencies.

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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...