Find out the essentials of trading the news with this introductory guide to forex news trading
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Wednesday, 1 December 2021
Japanese Yen Caught Out on Fed Hawkishness and Omicron. Will USD/JPY Break?
The Japanese Yen underperformed today as the US Dollar made some ground in the aftermath of the Fed ramping up hawkish rhetoric. Where to for USD/JPY?
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Crude Oil Price Outlook Turns to OPEC+ Meeting as Omicron Variant Threatens Demand
WTI crude oil prices are eyeing the OPEC+ meeting as the Omicron Covid-19 variant threatens demand. Will members slow output hikes and might this offer support to the commodity?
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Gold Prices Weighed Down on Falling Breakeven Rates as NFP Report Approaches
Gold rose overnight, but bulls are failing to drive prices higher in APAC trading. Bullion may fall if Friday's NFP report fuels rate hike bets, which would likely drag down gold-sensitive breakeve...
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AUD/USD Hits a Low as US Dollar Dominates. Will the Fed Weigh on the Aussie?
The Australian Dollar slipped to a new low for the year this week as the US Dollar found strength from a hawkish Federal Reserve. Will AUD/USD get a grip?
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S&P 500, Nasdaq 100 Sink on Omicron and Fed Risks. ASX 200 Reversal Signal in Focus
The S&P 500, Nasdaq 100 and Dow Jones sank as the Omicron Covid-19 variant was discovered in the United States. Will the ASX 200 follow lower? Eyes are on government responses.
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Australian Dollar Outlook: Omicron Volatility Weighs on AUD Ahead of Trade Data
The Australian Dollar fell versus the Greenback overnight as volatility picked up after the US announced the arrival of the Omicron variant. Will an upbeat Australia trade balance print help AUD/USD?
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Copper Breaks Through Key Support on Sustained Omicron Worries
Copper futures fell below a key support level as uncertainty continues to mount pertaining to the Omicron variant.
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Dow Jones Dives as CDC Confirms First Omicron Case in the US
U.S. stocks gave up the large gains posted in the morning and ended the day sharply lower amid strong risk aversion after the CDC confirmed the first Omicron variant case in the country.
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USD/CAD Rate Eyes September High as RSI Pushes into Overbought Zone
Recent developments in the Relative Strength Index (RSI) indicate a further appreciation in USD/CAD as the oscillator climbs above 70 to push into overbought territory.
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Omicron Lands in the U.S., Implications for the USD and S&P 500
The Omicron variant has now been identified in the United States, and this created a quick reaction across U.S. markets.
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Gold Price to Face Further Losses on Failure to Defend November Low
The price of gold may face a further decline over the coming days if it fails to defend the November low ($1759).
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USD, EUR/USD, Gold and Oil: Fibonacci for Price Action Levels
Markets can be messy, chaotic and difficult to forecast. But a trader's reactions are often the keys, and learning where or how to look for those reactions can be helpful.
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Canadian Dollar Price Forecast: USD/CAD Intra-Day Price Setup
CAD may surrender recent gains against the dollar as the drop in WTI and renewed bullish Fed tone opens the door to a USD/CAD bullish continuation
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USD Breaking News: Dollar Undeterred by Mixed PMI’s, NFP in Focus
Varied Markit and ISM U.S. PMI prints for November resulted in a slightly weaker dollar as the spotlight now shifts to NFPs on Friday.
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British Pound (GBP) Outlook: GBP/USD in The Grip of Lower Highs and Lower Lows
Cable is clawing back most of Tuesday's spike sell-off but the technical outlook for the pair remains weak.
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What Does a Forex Spread Tell Traders?
Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.
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S&P 500 Technical Set-Up Looking Ominous, Hawkish Fed a Headwind
S&P 500 monthly close sets up a technically weak outlook. Hawkish Fed a headwind.
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Ethereum/Bitcoin (ETH/BTC) Spread Hitting a Multi-Year High
Ethereum's out-performance against Bitcoin has seen the ETH/BTC spread hit levels last seen in May 2018 and one longer-term technical indicator remains positive.
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FTSE 100 Price Outlook: Bounce Likely to Continue as Omicron Fears Fade
Concerns about the impact of the Omicron variant of Covid-19 look to be dissipating, helping global stock indexes rally after their recent falls.
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...