Friday, 3 December 2021

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

USD bulls have made another push this week, even after the Omicron-fueled scare from last week. EUR/USD, GBP/USD and AUD/USD are all nearing major inflection points.

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Red Hot Services PMI Data Reflects the Strength of the US’s Largest Sector

US Non-Manufacturing PMI data compiled by the ISM beat expectations by marking a new high for 2021

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NFP Disappoints, 235k v/s 550k, USD Bid After Pullback

This morning's NFP report had a disappointing headline figure to go along with Average Hourly Earnings. But, the unemployment rate dropped to 4.2%, beyond the Fed's threshold for 'maximum employment.'

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NFP and Forex: What is NFP and How to Trade It?

Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.

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Crude Oil Overview: OPEC+ Agrees on Output Increase, Oil’s Sharp sell-off Analyzed

Crude oil has recovered from yesterday’s sell-off however, volatility may return as official Omicron-related data is yet to filter through to markets

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US Dollar, EUR/GBP Price Action Setup Ahead of NFP

Non-Farm Payrolls in focus as tight jobs market is likely to reinforce Fed's faster taper signal

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Crude Oil Prices Eye US Jobs After OPEC+ Sparks Seesaw Volatility

Crude oil prices seesawed after OPEC+ pledged to boost output next month but warned it may yet pause the effort. All eyes now turn to US jobs data as markets mull “stagflation” risk.

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Thursday, 2 December 2021

How to Research Stocks: A Step by Step Guide

Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.

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Gold Price Forecast: XAU/USD Vulnerable Ahead of Non-Farm Payrolls, Watch Earnings

Gold prices face volatility risk ahead of non-farm payrolls. Strong earnings data could further boost Fed hawkish bets, placing XAU/USD at risk.

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Chinese Yuan Forecast: USD/CNH Eyes PMI Data as Prices Gyrate Near 2021 Low

The Chinese Yuan weakened versus the US Dollar overnight, but PMI data out of China and Hong Kong may influence USD/CNH in today's APAC session.

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

Swiss Franc strength sees multiple crosses on the backfoot. These are the key technical setups for CHF/JPY, AUD/CHF, EUR/CHF.

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Mexican Peso Outlook: USD/MXN Cascades Lower, but Omicron Poses Upside Risks

USD/MXN has begun to correct lower after its recent bullish burst, but the tide may turn again if the Omicron variant proves more contagious and deadly than previous Covid-19 strains.

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How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.

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Oil Price Defends August Low Even as OPEC Retains Production Schedule

Failure to test the August low ($61.74) may generate a near-term rebound in the price of oil as the RSI bounces back from oversold territory to indicate a buy signal.

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US Dollar Pre-NFP Price Action Setups: EUR/USD, GBP/USD, USD/CAD

Tomorrow brings NFP out of the United States and this print can create some volatility across global markets as the focus is now on the FOMC after Powell's comments this week.

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USD/JPY Rate Attempts to Defend November Low Ahead of US NFP Report

Fresh data prints coming out of the US may shore up USD/JPY as the Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market.

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XAU/USD Forecast: Gold Price Extends Decline as Real Yields Tick Higher

Gold prices are under pressure after markets reacted to the hawkish comments made by Fed Chair Powell earlier this week. XAU/USD testing 1775, NFP in focus.

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EUR/USD Contained Ahead of NFP but Remains Sensitive to ‘Hawkish/Dovish’ Narrative Swings

EUR/USD looks calmer before Friday’s US employment data but remains susceptible to near term volatility around Omicron and shifts in interest rate timelines

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Turkish Lira (TRY) Exposed Stocks to Watch as Volatility Reaches Crisis Highs

Turkish Lira volatility at crisis highs. Spain most exposed to Turkey.

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British Pound (GBP) Price Outlook: GBP/USD Challenging Support

Unease in the financial markets over the spread of the Omicron variant of Covid-19 and a more hawkish Federal Reserve will likely continue to weigh on GBP/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...