Monday, 9 May 2022

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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Energy Stocks Lead Rout as Oil, Natural Gas Dive; Exxon, Chevron in Free-Fall

Energy stocks sell off on Monday, leading the decline on Wall Street amid a sharp pull back in oil and natural gas prices. Despite the retreat, energy stocks maintain a bullish outlook.

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EUR/USD Forecast: Euro Looks To Re-Test April Swing Lows, U.S. CPI in Focus

Dollar remains the darling amongst major currencies with a weakening Euro now down 7.2% against the USD YTD. Spotlight now turns to U.S. CPI for further guidance.

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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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Sunday, 8 May 2022

DAX 40 Crunched in Market Rout as Risk Assets Come Under Pressure

Germany's DAX 40 index went lower today as risk appetite evaporated as structural weaknesses are spelled out. New lows for DAX?

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The CPI and Forex: How CPI Data Affects Currency Prices

Find out how to use the Consumer Price Index to make informed trading decisions.

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AUD/USD Eyes Chinese Trade Balance as Zero-Covid Strategy Continues

China's trade balance for April is due out this week and may set the tone for today's Asia-Pacific trading session. Later in the week, traders will have their eyes on inflation data out of China an...

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Markets Week Ahead: Dow Jones, US Dollar, Gold, Euro, Fed, CPI, China

Inflation is in focus this week, with the United States and China set to report CPI data. Central bank rate hike bets are being monitored after last week's wave of risk aversion. Will markets rebound?

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S&P 500 and FTSE 100 Forecasts for the Week Ahead

Equities crushed as bear market rallies are faded. Stagflation fears weigh on FTSE 100.

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Saturday, 7 May 2022

Crude Oil Rises as Talks Around Russian Oil Embargo Trumps Dollar Rally

Brent crude extends its rally breaking through a key technical pattern, now looking to push higher, while the ban on Russian oil by the EU bolsters bullish bets.

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Euro Weekly Fundamental Forecast: ‘Sell the Rally’ Mentality Still Valid?

The euro continues to lag major central banks as far as rate hikes are concerned, leaving it vulnerable over the medium term despite warnings from ECB officials

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Gold Price Rebound Vulnerable to Slowdown in US Consumer Prices

The update to the US Consumer Price Index (CPI) may rattle the recent rebound in the price of gold as inflation is expected to slow for the first time since August.

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US Dollar Forecast: Focus Now Shifts to CPI Data and a Slew of Fedspeak Ahead

The US Dollar may remain on the offensive with Fed balance sheet tightening just around the corner. Ahead, all eyes are on US CPI and a slew of Fedspeak amid jittery markets.

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Friday, 6 May 2022

Australian Dollar Outlook: RBA Action Does Little to Boost AUD

The Australian Dollar got an initial kick from an RBA rate lift-off, but the Fed outdid them and the US Dollar soared. Will AUD/USD make new lows?

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USD Needs a 100 Point Hike | tastytrade clips

"Even a 75-basis-point hike wouldn't've been enough". Tom Sosnoff, Chris Vecchio and Victor Jones talk about inflation's state of play, the Fed's dovish behavior and the need for more aggressive ac...

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GBP/USD, FTSE: Taking Stock of the Post-FOMC Relief Rally Reversal

Markets erased prior gains in the wake of Wednesday’s Fed rate hike as sterling continues its dovish repricing and FTSE succumbs to global equity sell-off theme

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Thursday, 5 May 2022

Euro Leaps as British Pound Sinks and Rate Hikes Rattle Markets. Where to For EUR/GBP?

The Euro managed to avoid a rout as the US Dollar took flight on Fed hawkishness that pummelled Sterling. Will EUR/GBP continue to make new highs?

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Gold Price Outlook Glued to Non-Farm Payrolls as US Dollar Gains After the Fed

Gold prices reversed intraday gains as the US Dollar climbed in the aftermath of this week’s Fed hike. XAU/USD is eyeing US non-farm payrolls for its next move before the weekend.

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USD/CAD Rate Outlook Mired by Failure to Test 2021 High

The opening range for May warns of a larger pullback in USD/CAD amid the failed attempt to test the 2021 high (1.2964).

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Bitcoin Eyes 2022 Low After Breaking Key Fib Level Amid Risk-Off Move as NFP Nears

Bitcoin prices fell sharply moving into Friday's Asia-Pacific session amid a broader risk-off move. Risk assets look poised to continue dropping as traders eye the US jobs report due out tonight.

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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...