Wednesday, 9 June 2021

British Pound (GBP) Price Outlook: GBP/USD Up Modestly as Haldane Hints at Tapering

The outlook for GBP/USD has improved marginally after comments by Bank of England Chief Economist Andy Haldane hinting at a reduction in UK monetary stimulus.

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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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Tuesday, 8 June 2021

Gold Prices Eye $1900 as Chinese PPI Beat Signals Building Price Pressures

Gold prices edged slightly higher as Chinese PPI surged to the highest level since 2008, hinting at further price pressures. Traders are eyeing the $1,900 mark ahead of Thursday’s US inflation data.

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Three Women Leaders Changing Finance, Economics and Business

To mark International Women’s Day on March 8, we are highlighting three women leaders who are steering financial, economic and business organizations through unprecedented change.

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Crude Oil Forecast: EIA Inventory Stocks In Focus Following Bullish API Print

Crude oil broke above the 70 handle, with energy traders focused on Wednesday's EIA inventory figures following a bullish draw in Tuesday's API numbers.

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Dow Jones in Tight Range, Hang Seng, ASX 200 May Edge Higher

Wall Street stocks closed mixed as traders awaited the US CPI data. The Russell 2000 outperformed large-cap indexes amid a volatile session. APAC markets opened mixed ahead of China inflation data.

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Euro Forecast: EUR/AUD, EUR/CAD, EUR/NZD Rates Outlook

The Euro has been experiencing a countertrend rally against the trio of commodity currencies in recent weeks. Longer-term technicals remain bearish, however.

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Nasdaq 100 Price Forecast for the Week Ahead

The Nasdaq 100 awaits an update on the domestic inflation situation as seasonal headwinds weigh on price action. A data surprise could revive volatility.

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Fame, Fortune & Finance

Starstruck by big-name athletes and entertainers, investors stock up on special-purpose acquisition company stocks

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Gold Price Chart Posts Bullish "Golden Cross" Formation, Will it Rally?

Gold posted a bullish technical pattern that could hint a continuation higher is in the works. That said, bulls will still need to negotiate the upcoming Fed meeting and overhead resistance.

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S&P Stirs Near Highs, Russell 2000 Breakout Ahead of Inflation, FOMC

Stocks are bid ahead of a couple of big drivers on the economic calendar over the next week.

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EUR/USD Rate Rebound Stalls Ahead of ECB Rate Decision

The recent rebound in EUR/USD appears to be stalling ahead of the ECB meeting as it struggles to extend the series of higher highs and lows from the monthly low (1.2104).

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Crude Oil Price Forecast: Traders Set Sights Above $70 With Uptrend Intact

Crude oil trades at its highest level since late 2018 and could look to continue higher with sparse resistance overhead and a plethora of support beneath. A break above $70 would be a strong initia...

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A to Z Crypto: Demystifying the Top Cryptocurrency Jargon

As cryptocurrencies gain popularity, so does the terminology and jargon associated with it. Here is a guide to the most popular crypto terms, definitions and acronyms.

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Gold Price Forecast: RSI Sell Signal Takes Shape Ahead of US CPI

The technical outlook for the price of gold is clouded with mixed signals as the RSI falls back from overbought territory to display a textbook sell signal.

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EUR/GBP Price Outlook: Potential GBP Vulnerability Ahead of EU-UK Talks

A sub-optimal resolution on the UK’s challenges in Northern Ireland may hurt the Pound as EC Vice-President and UK’s Brexit minister prepare for talks.

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Market Positioning Data Sending Bearish Signals for US Dollar | Webinar

Stock markets worldwide remain strong but IG client sentiment data are sending out bearish signals for the US Dollar against many other major currencies.

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BTC/USD Outlook: Bitcoin Nearing Bearish Breakout

Bitcoin continues to struggle as sellers aim towards the May low at 30,000

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USD/ZAR Outlook: Can SA GDP Figures Unsettle Recent Rand Strength?

Unsurprising South African GDP data has not swayed recent Rand strength but with more hard hitting U.S. CPI data later this week, will risk sentiment adjust?

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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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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...