Thursday, 6 January 2022

Euro Forecast: Dollar Fundamentals in Focus, EUR/USD Hovers Near 1.13

Markets lie in wait as tomorrow’s NFP data could give EUR/USD traders insights into directional bias. The Euro remains flat today while ISM services data could move markets later today.

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Wednesday, 5 January 2022

What Is The Metaverse Anyway?

Facebook announced it's changing its name to "Meta", signaling that 3D virtual reality platforms are about to expand in a big way.

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Oil Price Forecast: Crude on Track to Fill November Price Gap

The price of oil appears to be on track to fill the price gap from November as it clears the December high ($77.44).

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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

At the start of 2022, central banks appear ready to move aggressively on rate hikes.

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Australian Dollar Technical Analysis: AUD/USD, AUD/JPY

The Aussie continues to trend with a full head of steam: AUD/USD is approaching a big spot of resistance and bulls may see favor here, but AUD/JPY may be more attractive on the long side.

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Euro Technical Analysis: EUR/JPY Heads Towards Range Top; EUR/USD Consolidates; EUR/GBP Breaks Support

The three major EUR-crosses each have a unique story to tell.

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EUR/GBP Price Outlook: EURGBP Grinds Lower after EU PMI Disappoints

The Euro continues to underperform when compared to the more hawkish BoE-backed Sterling. Policy divergence continues into 2022

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Tuesday, 4 January 2022

AUD/USD Gains Beside Dow Jones Ahead of RBA Chart Pack

AUD/USD gained alongside the cyclically-sensitive Dow Jones overnight, but the currency pair faces technical obstacles if prices are to rise further. The RBA's latest chart pack is set to cross the...

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Q1 2022 Top Trade Opportunities

Analysts at DailyFX and tastytrade share their top trade opportunities across forex, commodities, and indices for Q1 2022.

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Dow Jones Shines but ARKK Flops as Divergence Between Value & Growth Widens

The transition to higher rates may hurt growth and tech plays in 2022, but the value segment can withstand this headwind, leaving the Dow Jones well-placed to outperform other equity indices.

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Currency Carry Trade: What is it and how does it work?

Learn how to calculate and implement currency carry trades in your forex trading strategy.

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British Pound Technical Analysis: GBP/USD, GBP/JPY

What a difference a month can make: After limping into December trade the beleaguered British Pound has found a new lease on life after the BoE hike last month.

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USD Breaking News: U.S. Dollar Fades on ISM Manufacturing PMI Miss

The ISM Manufacturing PMI slip followed that of the IHS Markit print yesterday but employment and pricing measures may provide upside support for the U.S. dollar.

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Monday, 3 January 2022

US Dollar Jumps Up as Treasury Yields Leap on Fed Expectations. Where To From Here?

The US Dollar index benefitted from the market raising bets on rate hikes by the Federal Reserve beyond what was already priced in. Will USD continue higher?

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Gold Price Slips as US Dollar Roars on Higher Treasury Yields. Where to for XAU/USD?

Gold prices made a 6-week high before collapsing to kick-off the year, as higher interest rates lifted the US Dollar. Will XAU/USD continue lower?

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Copper Prices Pullback on Surging US Treasury Yields, Stronger Greenback

Copper prices came under pressure as rising US Treasury yields reflected a strong bout of risk-on sentiment to kick off 2022.

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Nasdaq 100 Starts the Year with a Bang as Tesla Gains 13%, Reopening Stocks Surge

US stocks start of the new year on the front foot, with the reopening basket and cyclicals leading the charge higher, as investors bet the economy will soon overcome the COVID-19 crisis.

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Canadian Dollar Technical Analysis: USD/CAD, CAD/JPY

Major support levels are taking a toll in the Canadian Dollar, with a strong bounce in USD/CAD showing as CAD/JPY is testing a key area on that chart.

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3 Trading Exit Strategies – How to Exit a Profitable Trade

Explore 3 trading exit strategies that traders should consider when looking to get out of a trade.

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What Type of Forex Trader Are You?

What forex trading style best suits your personality? Read on to find out.

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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...