Wednesday, 3 November 2021

AUD/USD Rises Post-FOMC as Australian Trade Data Approaches

The Australian Dollar is on the move higher against the US Dollar despite a hawkish FOMC signal. Australian trade data is in focus for today's APAC session.

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Copper Hugs Trendline Support as Market Conditions Remain Tight

Copper prices continue to oscillate around trendline support as market participants continue to gauge the longer-run impact of China's recent slowdown.

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Russell 2000 Explodes to Record High as Fed Taper Fails to Dent Risk Appetite

Russell 2000 charges higher and sets a new all-time high, supported by improving U.S. economic data and signs that the Fed will not rush to raise interest rates despite elevated inflation.

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Federal Reserve: FOMC Announces Taper at November Rate Decision

The Federal Reserve announced a start to tapering asset purchases at today's rate decision, a move that was well-telegraphed ahead of time.

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USD/JPY Trades in Bull Flag Formation Ahead of FOMC Rate Decision

USD/JPY may attempt to break out of a bull flag formation if the Federal Reserve starts to scale back monetary support.

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US ISM Services Data Posts Positive Surprise, Beats Estimate

US ISM data for the services sector showed a massively improved economic environment. Prices continue to rise but employment lags

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Gold Slides as Markets Mull Over Timeline Between Taper and Tightening

Bullion has slipped of recent on the back of an expectant hawkish Fed. Specifics around the Fed’s announcement later today should prompt XAU/USD to confirm a bullish/bearish bias either side of $1800.

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Bank of England Preview: How Will The Pound (GBP) React

Bank of England rate hike a close call. Aggressive market pricing raises bar to surprise on the hawkish side.

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Crude Oil Outlook: Oil Prices Slump as API Inventories Rise Ahead of OPEC+

Oil prices give back a portion of their recent gains as inventories rise according to the API report. FOMC and OPEC+ remain at the forefront of risk sentiment for now.

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US Dollar Setup: USD/JPY, USD/CAD, EUR/USD Ahead of FOMC

The US Dollar is hovering near its peak as investors await Fed’s views on market conditions

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Gold Technical Outlook: Short-Term Range Remains in Place Ahead of The Fed

The latest FOMC decision will set the tone for the US dollar in the months ahead and that will have an impact on the price of gold.

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Altcoin SQUID sees Collapse after 310,000% Jump in Value. Here’s What We Learned

You don't trust people because they are trustworthy - Squid Game.

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Petrocurrencies RUB, CAD and NOK at Risk as Oil Price Outlook Worsens

Rising inventories and a likely OPEC+ output increase are bad news for crude oil prices, and that’s negative for petrocurrencies like the Russian Ruble, Canadian Dollar and Norwegian Krone.

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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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US Dollar Flexes Against British Pound Ahead of the Fed and BoE. Where to for GBP/USD?

The US Dollar has been moving higher against Sterling for most the week ahead of the Fed policy call today and the Bank of England tomorrow. Will GBP/USD continue lower?

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Tuesday, 2 November 2021

How to Research Stocks: A Step by Step Guide

Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.

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Crude Oil Forecast: EIA Inventory Eyed After API Stocks Build, China Inventory Releases

Oil prices are falling through the Asia-Pacific trading session after a US inventory report showed a larger-than-expected build in stockpiles. Meanwhile, China is expected to open the tap on reserves.

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Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

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NZD/USD Bounces on Strong Q3 Jobs Report, China PMI and Fed in Focus

The New Zealand Dollar caught a bid against the US Dollar on a stronger-than-expected New Zealand jobs report after dropping overnight. The Fed interest rate decision and China PMI data are in focus.

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Hang Seng Under Pressure as Fears Mount Over China Slowdown

The Hang Seng Index continues to slide as soaring commodity prices, regional Covid breakouts, and regulatory pressure continues to weigh on shares.

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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...