The Australian Dollar made an 18-month low in January, eclipsing the November 2020 nadir of 0.6991 by a small margin.
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Wednesday, 27 April 2022
Japanese Yen Falls, USD/JPY Soars as Bank of Japan Commits to Defending 10Y JGB Target
The Japanese Yen weakened as the Bank of Japan maintained benchmark lending rates and the 10-year bond yield target despite boosting inflation estimates. Where to for USD/JPY?
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Crude Oil Price Reversal Emerges Ahead of April Low
The price of crude oil appears to be reversing course ahead of the monthly low ($92.93) as it extends the series of higher highs and lows from earlier this week.
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Gold Price Outlook Mired by Failure to Defend March Low
Failure to defend the March low ($1890) raises the scope for a further decline in the price of gold as it trades below the 50-Day SMA ($1939) for the first time since February.
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NASDAQ's Slide: Find a Short Position | tastytrade clips
Chris and Victor talk about avoiding a "long-only" mentality, the likelihood of the Nasdaq continuing to move down and some of Chris' long and short positions through 2022.
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Tuesday, 26 April 2022
Australian Dollar Soars as CPI Shoots Past Expectations Ahead of RBA Next Week. Where to for AUD/USD?
The Australian Dollar firmed after the much-anticipated Q1 CPI came in way above expectations at 5.1%. Will the RBA be ready for action?
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Gold Price Forecast: XAU Rebound is Likely a Fake-out as US Dollar, Fed Pressures Mount
Gold prices are trading modestly higher in the APAC hours following a sharp drop earlier this week. However, the lackluster rebound isn't inspiring confidence as bullion headwinds strengthen.
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EUR/USD Rate Clears 2020 Low Ahead of Euro Area Inflation Report
The update to the Euro Area’s Consumer Price Index (CPI) may generate a rebound in EUR/USD as inflation is expected to increase for the third consecutive month.
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S&P 500 and Nasdaq 100 Pummeled as Tesla Sinks 12%, Economic Worries Mount
U.S. stocks plummet across the board on Tuesday, with technology stocks bearing the brunt of the sell-off on growing fears that the U.S. economy is headed for a hard landing.
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Alphabet Q1 Earnings: Google Stock Drops on Disappointing Earnings Report
Alphabet, Inc., Google's parent company, reported disappointing earnings numbers for the first quarter after today's closing bell, sending share prices lower in after-hours trading.
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Japanese Yen Forecast: USD/JPY Susceptible to RSI Sell Signal
Looming developments in the Relative Strength Index (RSI) may warn of a larger pullback in USD/JPY if the oscillator falls below 70 to indicate a textbook sell signal.
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How to Short Sell a Stock When Trading Falling Markets
Short selling is a great way to trade on a falling market. Learn how to short stocks
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Monday, 25 April 2022
Canadian Dollar Forecast: USD/CAD Rally Materializes Ahead of April Low
USD/CAD appears to have reversed course ahead of the April low (1.2403) as the exchange rate extends the series of higher highs and lows from last week.
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USD/CNH Price Forecast: Beijing Lockdowns Pressure Yuan as PBOC Monitors
The Chinese Yuan fell sharply versus the US Dollar overnight, extending its slide as Beijing expanded its Covid lockdown to additional districts. Japan's March unemployment rate is due out this mor...
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Earnings Preview – Will Microsoft and Alphabet Rescue the Nasdaq 100 and S&P 500?
Microsoft and Alphabet will announce corporate results on Tuesday. Their quarterly performance and, more importantly, earnings guidance may set the tone for the broader market in the near term.
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Chinese Yuan (CNH) Sell-Off Adds to Market Turmoil, EUR/GBP Tests Key Pivot
Chinese Yuan posts largest weekly drop since currency devaluation.
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Long USD/ZAR: Top Trade Opportunities
After a strong Q1 in 2022 for the ZAR (which has been the trend over the past few years), the rand could be in for a turnaround. Before delving into potential Q2 influences it is important to remin...
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S&P 500 and FTSE Prepare for Major Earnings Reports
UK and US equities have struggled recently, in light of aggressive rate hike paths and lower forecast GDP data. FTSE and S&P 500 levels considered ahead of major earnings
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US Dollar Strength Sends EUR/USD, GBP/USD to Fresh Two-Year Lows
The US dollar continues to run amok in the FX market, racking up impressive gains across the board. Is the move starting to look stretched?
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Sunday, 24 April 2022
Copper Trading: Copper Trading Tips and Strategies
Copper may not be the world's most popular metal but it certainly is one of the more important.
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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....