Saturday, 5 February 2022

US Dollar to Stage Larger Recovery on Another Rise in US CPI

The US Dollar Index (DXY) bounces back from a fresh monthly low (95.14) following the 467K rise in Non-Farm Payrolls (NFP), and the update to the Consumer Price Index (CPI) may fuel the recent rebo...

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Bitcoin (BTC), Ethereum (ETH) Pushing Higher Into Weekend on Robust NFP Release

The US jobs market is seemingly buoyant with this month's NFP Report beating market expectations by a wide margin. And that may spell trouble for the cryptocurrency market.

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Friday, 4 February 2022

Australian Dollar Outlook: The RBA Tightens Quantitatively but Hesitates on Rates

The Australian Dollar has found strength despite a dovish RBA swimming against global hawkishness as the US Dollar commands control.

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S&P 500, Dow Jones Whipsaw May Continue: Earnings Outlook - Disney, Twitter, Uber, Alibaba

US markets may whipsaw this week on another round of high-profile earnings after Meta and Amazon sent investors on a roller coaster. Disney, Twitter, Uber and Alibaba are set to report - here is wh...

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Thursday, 3 February 2022

Nasdaq 100 Futures Rebound on Amazon Earnings, APAC to Open Mixed

Nasdaq 100 index futures rebounded 1.9% after falling over 4% as Amazon delivered strong Q4 earnings. It’s share price soared 14% during after-hours trade. APAC markets to open mixed with investors...

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AUD/USD Eyes RBA Policy Statement After US Tech Earnings Boosts Sentiment

AUD/USD is slightly higher in early Asia-Pacific trade after a set of positive tech earnings on Wall Street boosted market sentiment. The RBA policy statement is now in focus, along with the US NFP...

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EUR/USD Post-ECB Rally Eyes January High with US NFP Report on Tap

EUR/USD may trade to fresh yearly highs as the exchange rate appears to be on track to test the January high (1.1483).

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S&P 500 Body-Slammed as Meta’s Plunge Sparks Major Tech Rout, NFP in Focus

The S&P 500 falls on Thursday ahead of the January NFP report, amid widespread weakness in the technology sector triggered by a significant drop in Meta Platforms stock prices.

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Snap and Pinterest Soar as Facebook Flags - Nasdaq Set to Rise Friday

Snap shares surged more than 50% higher in after-hours trading, an impressive move brought on by the company's first quarterly profit. Pinterest is also rising on a rosy earnings report.

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Amazon Stock Surges on Rosy Earnings Report – Stock Price Rises Over 14%

Amazon stock surged in after-hours trading after the company reported impressive fourth-quarter earnings results, sending share prices over 14% higher.

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Gold Price Rebound Stalls Ahead of US Non-Farm Payrolls (NFP) Report

The recent advance in the price of gold appears to be stalling ahead of the US NFP report as the update is anticipated to show a further improvement in the labor market.

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Wednesday, 2 February 2022

Crude Oil Price Susceptible to Larger Pullback on RSI Sell Signal

Looming developments in the RSI may indicate a larger pullback in the price of oil if the oscillator falls back from overbought territory to offer a textbook sell signal.

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Why Most Traders Fail and How to Increase Trading Success

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.

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Value Stocks Remain Attractive but Risks Begin to Rise, Dow Jones Key Technical Levels

Value stocks remain better positioned than growth and tech shares to command strength over the coming months, but the outlook may change if the economy falters and downshifts rapidly

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Facebook Parent Meta Q4 Earnings Results – Stock Sinks 20% After Hours

Meta, Facebook's parent company, reported fourth-quarter earnings and weak guidance after the closing bell, sending share prices sharply lower in after-hours trading.

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New Zealand Dollar Forecast: NZD/USD Rebound Eyes Former Support Zone

The recent rebound in NZD/USD may turn out to be a correction in the broader trend if the former support zone around the December low (0.6701) acts as resistance.

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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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Tuesday, 1 February 2022

USD/CAD Post-Fed Rally Unravels amid Failed Test of January High

USD/CAD may continue to depreciate over the coming days as the exchange rate reverses course ahead of the January high (1.2814).

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British Pound Price Analysis: GBP/USD Lacks Momentum Prior to BoE

The British Pound (GBP) has edged slightly higher as investors await the BoE and other major risk events

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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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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...