Friday, 10 December 2021

U.S. Consumer Sentiment Sees Small Gains Through Holiday Season

U.S. Consumer Sentiment saw a jump from November’s 67.4 to 70.4, above the forecasted level of 67.1.

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USD Dips, Gold Picks Up on 40yr High Inflation Having Matched Estimates

US CPI hits 40yr high, USD dip to be transitory amid FOMC next week

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Trading Forex at the News Release

Learn how to trade forex news at the release with our top news trading strategies

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Chinese Yuan (CNH) Latest: PBoC Signals Unease With CNH Rise, Reversal May Boost USD

Chinese Authorities Take Action to Curb Yuan Strength

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Gold Price Outlook – Support Looks Vulnerable if US Inflation Runs Hot

Gold continues to trade in a tight range and sits just above an important support level ahead of the latest look at runaway US inflation

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UK GDP Prints Slightly Below Expectations In a Quarter Likely to be Affected by Omicron

The October GDP miss is mainly attributed to weakness in manufacturing, construction and industrial sectors with total GDP now just 0.5% off pre-pandemic levels

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Thursday, 9 December 2021

NZD/USD Eyes Channel Break. Chinese Stocks Set to Outpace on FX Reserve Ratio Hike

NZD/USD may aim higher as prices attempt to break channel resistance. Meanwhile, Chinese equities may be positioned to outperform following a move by the PBOC to cut Yuan strength.

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How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions.

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US Dollar (DXY) Treading Water as US Inflation Report Nears

The US dollar is quiet ahead of Friday's US Inflation Report which is expected to show price pressures in the US hitting another three-decade high.

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Pound Sterling Price Analysis: GBP/USD Selling Pressure Continues as Institutions Weigh-in

An already underperforming Pound Sterling has been hit by the UK gov’s enhanced restrictions dubbed “Plan B”. Key Technical levels considered.

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Australian Dollar Forecast: Aggressive AUD/USD Rebound Facing Topside Hurdle

Sharp AUD/USD Rebound To Face Marginal Pullback as Risk Appetite Sours

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Trading Journal: What it is and How to Create One

Explore the benefits of a trading journal and how to create one that aligns with your strategy.

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FTSE 100 Price Outlook: London Stocks to Advance Further as UK Rate Hike Fears Fade

The Bank of England looks increasingly unlikely to increase UK interest rates next Thursday, and that’s positive for the FTSE 100 index of the major London-listed stocks.

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Wednesday, 8 December 2021

Canadian Dollar Price Action post-BoC: USD/CAD, CAD/JPY, Eyes on Oil

USD/CAD is bouncing from support as CAD/JPY tests a big spot of resistance. Friday's CPI print combined with recovery in Oil prices can keep these pairs on the move ahead of FOMC next week.

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Bank of Canada Disappoints Canadian Dollar Bulls

BoC maintains view on economic slack assessment, CAD pulls back

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EUR/USD Ongoing Weakness, EUR/GBP Aided by UK Political Shambles, EUR/CAD Eyes BoC

Euro traders have plenty to look at currently, aside from Omicron cases, with politics and central bank decisions foremost.

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Bank of Canada Preview: How Will the Canadian Dollar (CAD) React?

Canadian Dollar Reaction Dependent on BoC's Economic Slack Absortion Assessment

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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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British Pound (GBP) Price Outlook: Downside Pressure on GBP/USD Persists

GBP/USD continues to make little headway to the upside, despite Omicron optimism, with the previous channel support now looking increasingly like resistance.

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Tuesday, 7 December 2021

10 Trading Mistakes to Avoid in Forex Trading

Human error in the FX market is common and can lead to common trading mistakes. See the top 10.

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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...