Fully Regulated Australian Specialist Broker

Wednesday, 31 August 2022

Commodities Technical Round-up: Gold, Silver and WTI Drop

The technical landscape for the commodity complex in general appears vulnerable to continued bearish price action. Key levels analyzed Via DailyFX - Market News https://ift.tt/RPxQ6lY

FTSE 100 Outlook: Risk Sentiment Sours, FTSE 100 Eyes Support

FTSE 100 not helped by weaker Chinese Yuan Via DailyFX - Market News https://ift.tt/RPxQ6lY

Euro (EUR) Breaking News: Record Inflation Print Turns Up Heat on the ECB

Eurozone inflation posts a new record high of 9.1% in August as food, alcohol and tobacco prices accelerate. Via DailyFX - Market News https://ift.tt/RPxQ6lY

Gold Price Continues to Test Support Levels, Eyes sub-$1,700

The precious metal is heading for a fifth consecutive monthly loss and is now nearing an important, longer-term zone of support. Via DailyFX - Market News https://ift.tt/RPxQ6lY

British Pound (GBP/USD) Forecast: Nord Stream Shutdown Adds Fuel to Energy Crisis

GBP headwinds intensify as a major Russian pipeline stops gas flows to Europe leaving the pound vulnerable to further downside. Via DailyFX - Market News https://ift.tt/RPxQ6lY

USD/CAD Rate Eyes Yearly High Ahead of Canada GDP Report

USD/CAD may stage another failed attempt to test the yearly high (1.3224) as Canada’s Gross Domestic Product (GDP) report is anticipated to show a pickup in the growth rate. Via DailyFX - Market News https://ift.tt/7fmxRj2

New Zealand Dollar Eyes Chinese Economic Data as APAC Markets Prep for Risk-Off Move

Via DailyFX - Market News https://ift.tt/7fmxRj2

Tuesday, 30 August 2022

Bank of Japan (BoJ) - Foreign Exchange Market Intervention

As interest rate differentials widen between Japan and other major economies, the Japanese Yen continues to weaken. Via DailyFX - Market News https://ift.tt/7fmxRj2

Euro Breaking News: EZ Consumer Confidence Meets Expectations, EUR Bid

EUR/USD found some support after a mixed consumer confidence report, while ECB officials stay on their hawkish path. Via DailyFX - Market News https://ift.tt/7fmxRj2

Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal. Via DailyFX - Market News https://ift.tt/7fmxRj2

British Pound Latest: GBP/USD Still Looks Likely to Re-Test Lows

The overnight weakness in the US dollar has given cable a short-term reprieve and slowed the multi-month sell-off. But for how long? Via DailyFX - Market News https://ift.tt/7fmxRj2

US Dollar Resting Near Historical Highs as Markets Digest Fed Stance. New Peak for DXY?

The US Dollar gave up some ground today but remains at elevated levels. Crude oil prices rose on supply woes as EU energy crisis continues to play out. Will DXY make a new high? Via DailyFX - Market News https://ift.tt/nIXROlE

Crude Oil Price Lifted by Supply Constraints in Several Key Markets. Where to for WTI?

Crude oil squeezed higher as several countries faced difficulties getting production to market as the US-Iran deal faltered. Will the impending Northern winter push WTI higher? Via DailyFX - Market News https://ift.tt/nIXROlE

EUR/USD Rate Outlook: Euro Area CPI Report in Focus

Fresh data prints coming out of the Euro Area may generate a rebound in EUR/USD as the Consumer Price Index (CPI) is anticipated to show higher inflation. Via DailyFX - Market News https://ift.tt/nIXROlE

Japanese Yen Under Pressure as USD/JPY Climbs After Jackson Hole, Will Nikkei 225 Slump?

The Japanese Yen resumed its slide against the US Dollar as traders continued bidding up USD/JPY after Friday’s Jackson Hole Economic Symposium. Will the Nikkei 225 extend its slump ahead? Via DailyFX - Market News https://ift.tt/nIXROlE

Monday, 29 August 2022

The Psychology of Speculation in the Forex Market

Find out how to develop a positive trading mindset to speculate on forex like a professional. Via DailyFX - Market News https://ift.tt/nIXROlE

WTI Crude Oil Edges Higher, Buoyed by Potential OPEC Supply Cuts

Crude oil prices on the front foot as expectations grew regarding potential supply cuts while demand received a boost as natural gas prices in Europe soar. Via DailyFX - Market News https://ift.tt/nIXROlE

British Pound Forecast: Goldman Sachs UK Outlook Hurts GBP on Summer Bank Holiday

GBP/USD hits fresh lows for 2022 and may be the start of further decay as Goldman Sachs anticipates UK recession in Q4. Via DailyFX - Market News https://ift.tt/nIXROlE

When Can S&P 500 Volatility Break a Stock Diversification Strategy? Analyzing the VIX

When S&P 500 volatility is too high, a stock sector diversification strategy can fail. Using the VIX, what levels should traders watch for to identify this risk and what can be done about it? Via DailyFX - Market News https://ift.tt/nIXROlE

Dax 40 Dives as Equity Rout Widens After Fed Chair Powell Returned to Hawkish Script

Reserve Chair recalibrated markets into a higher for longer interest rate mindset. Will the Dax go lower? Via DailyFX - Market News https://ift.tt/nIXROlE

Sunday, 28 August 2022

Markets Week Ahead: Nasdaq 100, S&P 500, US Dollar, Gold, Fed, China PMI, Volatility

The Nasdaq 100 and S&P 500 faltered as market volatility returned. Hopes of a Fed pivot were increasingly extinguished by Chair Jerome Powell. The US Dollar gained as gold suffered. Now, all eyes t...

Markets Week Ahead: Nasdaq 100, S&P 500, US Dollar, Gold, Fed, China PMI, Volatility

The Nasdaq 100 and S&P 500 faltered as market volatility returned. Hopes of a Fed pivot were increasingly extinguished by Chair Jerome Powell. The US Dollar gained as gold suffered. Now, all eyes t... Via DailyFX - Market News https://ift.tt/q1QNIzH

Dow Jones and S&P 500 Cratered on Powell Comments - APAC and EU Stocks Likely to Follow

The Dow Jones Industrial Average and S&P 500 cratered after Fed Chair Powell's Jackson Hole speech. Asian and European stocks are likely to feel the pressure this week.

Dow Jones and S&P 500 Cratered on Powell Comments - APAC and EU Stocks Likely to Follow

The Dow Jones Industrial Average and S&P 500 cratered after Fed Chair Powell's Jackson Hole speech. Asian and European stocks are likely to feel the pressure this week. Via DailyFX - Market News https://ift.tt/q1QNIzH

Canadian Dollar Forecast: USDCAD Points Higher Following Jerome Powell’s Jackson Hole Speech

Following Jerome Powell's hawkish Jackson Hole speech, USDCAD points higher toward 1.3100. Upside could be limited on oil strength.

Canadian Dollar Forecast: USDCAD Points Higher Following Jerome Powell’s Jackson Hole Speech

Following Jerome Powell's hawkish Jackson Hole speech, USDCAD points higher toward 1.3100. Upside could be limited on oil strength. Via DailyFX - Market News https://ift.tt/q1QNIzH

Euro Price Forecast: Hawkish Powell Sees Reemergence of Central Bank Divergence Narrative for EUR/USD

EUR/USD goes into the week with markets knowing the Fed's aggressive outlook while the EU continues to be plagued by an energy crisis as we head into winter.

Euro Price Forecast: Hawkish Powell Sees Reemergence of Central Bank Divergence Narrative for EUR/USD

EUR/USD goes into the week with markets knowing the Fed's aggressive outlook while the EU continues to be plagued by an energy crisis as we head into winter. Via DailyFX - Market News https://ift.tt/kRzaOFD

Saturday, 27 August 2022

US Dollar Forecast: Will Another Non-Farm Payrolls Print Offer a Tight Labor Market?

The US Dollar is regaining upside moment against the backdrop of Fed hawkishness, quantitative tightening and market volatility. Another tight non-farm payroll report may offer the same. Via DailyFX - Market News https://ift.tt/kRzaOFD

US Dollar Forecast: Will Another Non-Farm Payrolls Print Offer a Tight Labor Market?

The US Dollar is regaining upside moment against the backdrop of Fed hawkishness, quantitative tightening and market volatility. Another tight non-farm payroll report may offer the same.

Bitcoin, Ethereum Sell-off Deepens as Fundamentals Drive Crypto Lower

Bitcoin, Ethereum and alt coins ruined by Fed Chair Jerome Powell’s speech that sent cryptocurrency and risk assets into a sea of red. Next up is ISM and NFP, two big data points for risk aversion.

Bitcoin, Ethereum Sell-off Deepens as Fundamentals Drive Crypto Lower

Bitcoin, Ethereum and alt coins ruined by Fed Chair Jerome Powell’s speech that sent cryptocurrency and risk assets into a sea of red. Next up is ISM and NFP, two big data points for risk aversion. Via DailyFX - Market News https://ift.tt/kRzaOFD

Australian Dollar Outlook: RBA in the Shadow of the Fed for Now

The Australian Dollar had a whippy week after Chinese stimulus plans were over wrought by a Federal Reserve that got tough talking around a campfire in a ski resort. Via DailyFX - Market News https://ift.tt/kRzaOFD

Australian Dollar Outlook: RBA in the Shadow of the Fed for Now

The Australian Dollar had a whippy week after Chinese stimulus plans were over wrought by a Federal Reserve that got tough talking around a campfire in a ski resort.

Friday, 26 August 2022

DAX and FTSE Struggle as Hawkish Fed Chorus Sets Stage for Fed Chair Powell

The indices struggled in early European trade weighed down by a combination of factors, most notably European and UK energy prices while hawkish US Fed members added to the market's woes. Via DailyFX - Market News https://ift.tt/zacBLtu

3 Types of Forex Analysis

Discover the 3 types of forex analysis used to anticipate market movements and analyse trends. Via DailyFX - Market News https://ift.tt/zacBLtu

British Pound Forecast: GBP/USD Agenda Dominated by the U.S.

The pound faces several fundamental headwinds as the Fed’s hawkish outlook gains traction. GBP could be under significant pressure if Jackson Hole unfolds as expected. Via DailyFX - Market News https://ift.tt/zacBLtu

Quantitative Tightening: What is it and How Does it Work?

Quantitative tightening is a policy tool used by central banks to moderate an overheating economy. Find out how it is implemented and uncover its potential drawbacks Via DailyFX - Market News https://ift.tt/zacBLtu

S&P 500 Poised Ahead of Jackson Hole Where Markets Await a Potential Powell Pivot

The S&P 500 is at a crossroads as the markets test the Fed's resolve to tighten financial conditions to contain price pressures. Will Fed Chair Powell's address turn the S&P 500? Via DailyFX - Market News https://ift.tt/zacBLtu

Crude Oil Prices Unconvinced by S&P 500 Rally Ahead of Jackson Hole, PCE Data

Crude oil prices were not convinced by the S&P 500 rally on Thursday. Energy traders eagerly await a speech from Fed Chair Jerome Powell at Jackson Hole as well as PCE data. Via DailyFX - Market News https://ift.tt/zacBLtu

USD/CAD Rally Unravels Ahead of US PCE Report amid Failure to Test Yearly

Data prints coming out of the US may fuel the recent weakness in USD/CAD as the Personal Consumption Expenditure (PCE) Price Index is anticipated to show a slowdown in inflation. Via DailyFX - Market News https://ift.tt/zacBLtu

Australian Dollar Traders Higher Alongside Dow Jones Before Powell Speech

The Australian Dollar benefited from an overnight risk-on move in New York. APAC markets may trade higher as traders prepare for Jerome Powell's speech. Via DailyFX - Market News https://ift.tt/zacBLtu

Thursday, 25 August 2022

Hang Seng Index Bolts Higher Despite Storms as China Ignites Stimulus Plans. Where to for HSI?

The Hang Seng Index (HIS) put on a surprise rally today after a typhoon interrupted programming while the US Dollar slid ahead of today's Jackson Hole symposium. Via DailyFX - Market News https://ift.tt/bSAs7tF

Currency Carry Trade: What is it and how does it work?

Learn how to calculate and implement currency carry trades in your forex trading strategy. Via DailyFX - Market News https://ift.tt/bSAs7tF

NZD/USD Unfazed After Kiwi Retail Sales Ahead of Jackson Hole

Markets are quiet ahead of Jackson Hole, with US stocks seeing small gains overnight. NZD/USD was uninspired by second-quarter retail sales data for the island nation. Via DailyFX - Market News https://ift.tt/bSAs7tF

Wednesday, 24 August 2022

How to Create a Trading Plan in 7 Steps

A trading plan guides traders through the trading process. Learn how to set one up in 7 steps. Via DailyFX - Market News https://ift.tt/bSAs7tF

Crude Oil Update: Brent Buoyed by Black Sea Bottlenecks, OPEC+ and API

Brent crude oil remained supported this morning as influencing factors supplement a bullish outlook. Via DailyFX - Market News https://ift.tt/bSAs7tF

Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA. Via DailyFX - Market News https://ift.tt/bSAs7tF

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. Via DailyFX - Market News https://ift.tt/bSAs7tF

British Pound Recovers as US Dollar Pauses Ahead of Fed Symposium. Will GBP/USD Rally?

The British Pound has mostly held on to yesterday's gains as energy concerns plague the UK and Europe. The US Dollar is cooling of ahead of Jackson Hole. Where to for GBP/USD? Via DailyFX - Market News https://ift.tt/zdGP72D

Natural Gas Prices May Rise Further After Hitting Record Levels in Europe

European natural gas prices pulled back from a record-high close on Tuesday, but the potential loss of gas flows via the Nord Stream 1 Pipeline threatens to push prices higher yet. Via DailyFX - Market News https://ift.tt/zdGP72D

Japanese Yen Holds Ground Against US Dollar as Fed Forum Nears. Where to for USD/JPY?

The Japanese Yen has steadied against the US Dollar ahead of the Federal Reserve conclave in Jackson Hole later this week. If they signal a policy shift, will USD/JPY recalibrate? Via DailyFX - Market News https://ift.tt/zdGP72D

AUD/USD Carves Bullish Outside Day Candle Ahead of US PCE Report

AUD/USD may stage a rebound ahead of the update to the US Personal Consumption Expenditure (PCE) Price Index as it carves a bullish outside-day candle. Via DailyFX - Market News https://ift.tt/zdGP72D

USD/CNH Cools After Hitting Fresh 2022 High as Markets Await Fed Talk

The Chinese Yuan fell to its lowest level against the US Dollar since August 2020 as China's economic woes compete against a tightening Fed. Via DailyFX - Market News https://ift.tt/zdGP72D

Tuesday, 23 August 2022

Gold and Silver Prices Down for 6 Days. Will Support Hold Before Jackson Hole?

Gold and silver prices are now down for 6 days in a row as traders price out a 2023 Fed ‘pivot’ ahead of this week’s Jackson Hole Economic Symposium. Will support levels hold until then? Via DailyFX - Market News https://ift.tt/zdGP72D

Crude Oil Price Boosted by Saudi Arabian and OPEC+ Rhetoric Trumping any Iran Deal

Crude oil got a lift from comments overnight from the head of OPEC+ and its largest member state, Saudi Arabia. Will growth concerns be overcome for WTI? Via DailyFX - Market News https://ift.tt/zdGP72D

USD/JPY Rate Eyes Yearly High After Clearing August Opening Range

USD/JPY appears to be on track to test the yearly high (139.39) after clearing the opening range for August. Via DailyFX - Market News https://ift.tt/zdGP72D

AUD/USD Buoyed After PBOC Action as Wall Street Stocks Sink

The risk-sensitive Australian Dollar held up fairly well against a US Dollar that surged amid a deep selloff on Wall Street. Via DailyFX - Market News https://ift.tt/fbw21Bz

Monday, 22 August 2022

Gold Price Latest - Bears Continue to Maul Gold Towards S1,700/oz.

The US dollar has picked up where it left off last week and is pushing ever higher, shunting gold back towards $1,700/oz. Via DailyFX - Market News https://ift.tt/fbw21Bz

Euro Price Forecast: Parity Back on the Cards for EUR/USD

The euro remains under pressure this week as markets look forward to the Jackson Hole Symposium later this week, while EUR.USD tests 1.00. Via DailyFX - Market News https://ift.tt/fbw21Bz

The Bond Market as a Forecasting Tool for Stocks: Four Key Yield Curve Regimes

Traders often use the shape of the yield curve as a leading indicator of the economy and a forecasting tool for equity performance. Here are four key yield curve regimes to know. Via DailyFX - Market News https://ift.tt/fbw21Bz

The Federal Reserve Bank: A Forex Trader’s Guide

Learn about the US central bank, its key mandates, and how to trade Fed interest rate decisions. Via DailyFX - Market News https://ift.tt/fbw21Bz

US Dollar Wobbles After China Cut Rates and Ahead of Jackson Hole. Will USD make New Highs?

The US Dollar made fresh high before it gave up some ground today after rate were reduced in China. The upcoming Jackson Hole symposium may provide cluses for USD direction. Via DailyFX - Market News https://ift.tt/fbw21Bz

Sunday, 21 August 2022

Markets Week Ahead: Dow Jones, US Dollar, Gold, Bitcoin, Oil, Inflation, China, Jackson Hole, Fed

Market sentiment soured last week as Federal Reserve officials stood firm on further rate tightening. The US Dollar surged higher, pressuring US stocks, cryptos and gold. Traders await Jackson Hole.

Markets Week Ahead: Dow Jones, US Dollar, Gold, Bitcoin, Oil, Inflation, China, Jackson Hole, Fed

Market sentiment soured last week as Federal Reserve officials stood firm on further rate tightening. The US Dollar surged higher, pressuring US stocks, cryptos and gold. Traders await Jackson Hole. Via DailyFX - Market News https://ift.tt/p1IkLUe

S&P 500, FTSE 100 Week Ahead: Jackson Hole Symposium in Focus

S&P 500 posts first weekly drop in a month. FTSE 100 defying gravity

S&P 500, FTSE 100 Week Ahead: Jackson Hole Symposium in Focus

S&P 500 posts first weekly drop in a month. FTSE 100 defying gravity Via DailyFX - Market News https://ift.tt/p1IkLUe

Canadian Dollar Weekly Forecast: USD/CAD Braces Ahead of Key U.S. Economic Data

Teaser: USD/CAD will be subject to USD specific factors next week as the Canadian dollar remains exposed to downside risk.

Canadian Dollar Weekly Forecast: USD/CAD Braces Ahead of Key U.S. Economic Data

Teaser: USD/CAD will be subject to USD specific factors next week as the Canadian dollar remains exposed to downside risk. Via DailyFX - Market News https://ift.tt/p1IkLUe

Saturday, 20 August 2022

Gold Price Forecast: Bullion to Find Relief on Slowing US Inflation

The update to the US Personal Consumption Expenditure (PCE) Price Index may curb the weakness in the price of gold as the report is anticipated to show a slowdown in inflation.

Gold Price Forecast: Bullion to Find Relief on Slowing US Inflation

The update to the US Personal Consumption Expenditure (PCE) Price Index may curb the weakness in the price of gold as the report is anticipated to show a slowdown in inflation. Via DailyFX - Market News https://ift.tt/N6AT7Cj

Bitcoin/Ethereum Outlook: BTC/USD, ETH/USD Weighed Down by the Fed

Risk assets sank this week as USD strength rattled markets. Bitcoin and Ethereum surrender August gains. US data and Jackson hole could drive prices in either direction.

Bitcoin/Ethereum Outlook: BTC/USD, ETH/USD Weighed Down by the Fed

Risk assets sank this week as USD strength rattled markets. Bitcoin and Ethereum surrender August gains. US data and Jackson hole could drive prices in either direction. Via DailyFX - Market News https://ift.tt/N6AT7Cj

Australian Dollar Outlook Bearish Amid US Dollar Surge and China Woes

The Australian Dollar plummeted against the US Dollar as Fed pivot bets waned and China's economic woes darkened. Traders are growing increasingly bearish on AUD. Via DailyFX - Market News https://ift.tt/N6AT7Cj

Australian Dollar Outlook Bearish Amid US Dollar Surge and China Woes

The Australian Dollar plummeted against the US Dollar as Fed pivot bets waned and China's economic woes darkened. Traders are growing increasingly bearish on AUD.

Friday, 19 August 2022

British Pound (GBP/USD) Slumps, UK Consumer’s Mood Darkens

Cable continues its latest sell-off, testing sub-1.1900 levels, and with little in the way of good news around, further falls seem likely. Via DailyFX - Market News https://ift.tt/hZmqjrR

How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities. Via DailyFX - Market News https://ift.tt/hZmqjrR

Gold Price Threatens Monthly Low After Failing to Test July High

The price of gold threatens the monthly low ($1754) after failing to test the July high ($1814). Via DailyFX - Market News https://ift.tt/hZmqjrR

Crude Oil Trading Strategies and Tips

Crude oil is the most valuable market on Earth, and a key commodity for today's economy. But how can traders build strategy to trade crude oil? Via DailyFX - Market News https://ift.tt/hZmqjrR

USD/CAD Rally Vulnerable amid Failure to Clear August Opening Range

USD/CAD may face range bound conditions over the coming days if the exchange rate fails to clear the opening range for August. Via DailyFX - Market News https://ift.tt/hZmqjrR

AUD/USD Trades Lower on Fragile APAC Sentiment Amid China Heatwave

The Australian Dollar is at risk of falling to its August low against the US Dollar as Chinese growth woes worsen amid a heatwave. Japan's inflation data and China's LPR cuts are in focus. Via DailyFX - Market News https://ift.tt/hZmqjrR

Thursday, 18 August 2022

GBP/USD Forecast: Pound Extends Fall as Markets Digest FOMC Minutes

GBP/USD extends its downward trajectory post-FOMC, driven by U.S. dollar strength as we look forward to several U.S. events on the economic calendar later today. Via DailyFX - Market News https://ift.tt/WiO79Qo

When Can S&P 500 Volatility Break a Stock Diversification Strategy? Analyzing the VIX

When S&P 500 volatility is too high, a stock sector diversification strategy can fail. Using the VIX, what levels should traders watch for to identify this risk and what can be done about it? Via DailyFX - Market News https://ift.tt/WiO79Qo

USD/JPY Rate Forecast: Test of August High on Tap

USD/JPY may continue to appreciate over the coming days as the exchange rate looks poised to test the monthly high (135.58). Via DailyFX - Market News https://ift.tt/WiO79Qo

AUD/USD Falls After July Jobs Report

AUD/USD fell after a dissapointing jobs report. Australia lost 40.9k jobs in July, missing expectations and falling sharply from June when 88.4k jobs were added. Via DailyFX - Market News https://ift.tt/WiO79Qo

Crude Oil Price Halts Three Day Selloff as US Crude Inventories Contract

Data prints coming out of the US appear to be propping up the price of oil as the 7.056M decline in crude inventories instill an improved outlook for consumption. Via DailyFX - Market News https://ift.tt/WiO79Qo

Bitcoin Prices May Fall in APAC Trading as Australian Jobs Data Nears

Bitcoin prices may continue falling in APAC trading on souring market sentiment. Australian jobs data for may impact an ailing Aussie Dollar, with analysts expecting 25k jobs added for July. Via DailyFX - Market News https://ift.tt/WiO79Qo

Wednesday, 17 August 2022

Crude Oil Update: API Data Sets up Brent Crude Ahead of EIA and FOMC

Brent crude oil prices remain depressed as markets await guidance from the U.S. FOMC Minutes later today. Via DailyFX - Market News https://ift.tt/81lAMr7

GBP Breaking News: UK Inflation Hotter Than Expected, BOE to Remain Hawkish

UK inflation comes in hotter than expected, keeping up the pressure on the Bank of England for further rate hikes. Via DailyFX - Market News https://ift.tt/81lAMr7

EUR/USD to Track 50-Day SMA After Testing Former Support Zone

EUR/USD may track the negative slope in the 50-Day SMA (1.0294) as it continues to fall back from the former support zone around the May low (1.0349). Via DailyFX - Market News https://ift.tt/81lAMr7

NZD/USD Rises After RBNZ Hikes OCR, Increases Cash Rate Projection

The New Zealand Dollar rose against the US Dollar after the RBNZ hiked its official cash rate by 50-basis-points, as expected. The MPS revealed a slightly more aggressive rate projection. Via DailyFX - Market News https://ift.tt/81lAMr7

AUD/USD Rate Outlook Mired by Failure to Test 200-Day SMA

AUD/USD appears to be reversing course ahead of the 200-Day SMA (0.7146) as the exchange rate carves a series of lower highs and lows. Via DailyFX - Market News https://ift.tt/81lAMr7

Asia-Pacific Markets May Rise After US Dollar Moderates, US Stocks Rise

Asia-Pacific markets may rise after the US Dollar moderated overnight as US stocks closed mostly higher. The RBNZ rate decision is due today, with traders expecting a 50-basis-point rate hike. Via DailyFX - Market News https://ift.tt/81lAMr7

Tuesday, 16 August 2022

AUD/USD Forecast: RBA Minutes Outweighed by Global Risk Sentiment, Aussie Under Pressure

AUD/USD continued to be weighed down by external global factors and recessionary fears after markets dismissed the RBA’s Meeting Minutes. Via DailyFX - Market News https://ift.tt/QI7KSq9

Contractionary Monetary Policy: What is it and How Does it Work?

Contractionary monetary policy is utilized by central banks to reign in an overheating economy and surging inflation. Find out what tools are used and how they work Via DailyFX - Market News https://ift.tt/QI7KSq9

How To Use Twitter For Traders

How can traders use Twitter as an efficient trading tool. Via DailyFX - Market News https://ift.tt/QI7KSq9

Crude Oil Price Forecast: Iran News, US/China Economic Woes Deliver One-Two Punch

Crude oil prices fell on weak US/Chinese economic data that brought recession fears back into the spotlight. A deal between the US and Iran took a step forward, denting oil sentiment further. Via DailyFX - Market News https://ift.tt/QI7KSq9

Gold Price Weakness to Persist on Failure to Defend August Opening Range

The price of gold may continue to track the negative slope in the 50-Day SMA ($1780) if it fails to defend the monthly low ($1754). Via DailyFX - Market News https://ift.tt/QI7KSq9

Australian Dollar Falls Alongside Copper and Iron Ore Ahead of RBA Minutes

The Australian Dollar fell against the US Dollar overnight after weak US and Chinese economic data weighed on copper and iron ore prices. The RBA Minutes are in focus ahead of Australian wage data. Via DailyFX - Market News https://ift.tt/QI7KSq9

Monday, 15 August 2022

Bitcoin, Ethereum, and Alt-Coins: A Brief History of Crypto Winters

Nick Cawley explores his experiences in the 2017 crypto winter, explains the backdrop of last year's crypto boom, and tries to explore if Ethereum, Bitcoin, and Alt-Coins will have a meteoric rise ... Via DailyFX - Market News https://ift.tt/o8Mn0AW

What is a Short Squeeze and How to Trade It?

The short squeeze has surprised markets on many occasions. Learn more about what it is, its causes and the effects on traders. Via DailyFX - Market News https://ift.tt/o8Mn0AW

How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure. Via DailyFX - Market News https://ift.tt/o8Mn0AW

Sunday, 14 August 2022

Weekly Fundamental US Stocks Forecast: Bull Market Takes Shape

US equity markets continue to rally, underpinned by falling short-end US Treasury yields and depressed volatility readings.

Markets Week Ahead: Dow Jones, US Dollar, Gold, RBNZ, FOMC Minutes, AUD/USD, NZD/USD

Market sentiment surged last week after US inflation cooled, boosting risk-sensitive currencies and stocks. Gold also climbed against a weaker USD. The FOMC Minutes, RBNZ, jobs data and inflation r...

Markets Week Ahead: Dow Jones, US Dollar, Gold, RBNZ, FOMC Minutes, AUD/USD, NZD/USD

Market sentiment surged last week after US inflation cooled, boosting risk-sensitive currencies and stocks. Gold also climbed against a weaker USD. The FOMC Minutes, RBNZ, jobs data and inflation r... Via DailyFX - Market News https://ift.tt/o8Mn0AW

NZD/USD Weekly Fundamental Forecast: RBNZ Hike May do Little for NZD

NZD/USD rose in the aftermath of a softer US dollar post-CPI. An advancement of demand destruction globally and proximity to China appear likely to keep NZD contained

NZD/USD Weekly Fundamental Forecast: RBNZ Hike May do Little for NZD

NZD/USD rose in the aftermath of a softer US dollar post-CPI. An advancement of demand destruction globally and proximity to China appear likely to keep NZD contained

NZD/USD Weekly Fundamental Forecast: RBNZ Hike May do Little for NZD

NZD/USD rose in the aftermath of a softer US dollar post-CPI. An advancement of demand destruction globally and proximity to China appear likely to keep NZD contained Via DailyFX - Market News https://ift.tt/NltSyL9

NZD/USD Weekly Fundamental Forecast: RBNZ Hike May do Little for NZD

NZD/USD rose in the aftermath of a softer US dollar post-CPI. An advancement of demand destruction globally and proximity to China appear likely to keep NZD contained Via DailyFX - Market News https://ift.tt/NltSyL9

Saturday, 13 August 2022

Gold Prices May Fall as Fed Fights Pivot Bets and Short Covering Slows

Gold prices surged after economic data fueled Fed pivot bets. XAU's rally, fueled partly by short covering, may end soon, especially if the Fed sends a stronger response to ardent investors.

Gold Prices May Fall as Fed Fights Pivot Bets and Short Covering Slows

Gold prices surged after economic data fueled Fed pivot bets. XAU's rally, fueled partly by short covering, may end soon, especially if the Fed sends a stronger response to ardent investors. Via DailyFX - Market News https://ift.tt/NltSyL9

US Dollar Vulnerable to Less Hawkish FOMC Minutes

The Federal Open Market Committee (FOMC) Minutes may drag on the US Dollar should the central bank show a greater willingness to implement smaller rate hikes.

US Dollar Vulnerable to Less Hawkish FOMC Minutes

The Federal Open Market Committee (FOMC) Minutes may drag on the US Dollar should the central bank show a greater willingness to implement smaller rate hikes. Via DailyFX - Market News https://ift.tt/NltSyL9

Australian Dollar Outlook Driven by US Dollar

The Australian Dollar finished higher last week after US inflation data excited markets and sent the US Dollar lower, lifting AUD/USD. Will the US Dollar dominate AUD/USD? Via DailyFX - Market News https://ift.tt/sNfHQkt

Friday, 12 August 2022

Ethereum (ETH) Continues to Outperform on Positive Merge News

The final Ethereum testnet merge passed off without any problems yesterday, leaving the way clear for Ethereum to switch to proof-of-stake in mid-September. Via DailyFX - Market News https://ift.tt/sNfHQkt

Forex Spreads Trading Strategies & Tips

Learn how to master the forex spread and keep your trading costs low with our strategies and tips. Via DailyFX - Market News https://ift.tt/sNfHQkt

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. Via DailyFX - Market News https://ift.tt/sNfHQkt

Gold Price Update: Signs of Exhaustion Appearing at Key 1800 Level

Gold has failed to push on despite a weaker US dollar and continues to be limited by the psychological 1800 level. Via DailyFX - Market News https://ift.tt/sNfHQkt

British Pound (GBP/USD) Shrugs Off Marginally Better UK Growth Data

The UK economy contracted by 0.6% in June, beating a more pessimistic -1.3% market estimate, while a raft of industrial and manufacturing data also topped market expectations. Via DailyFX - Market News https://ift.tt/sNfHQkt

US Dollar Delicately Climbs as Fed Re-Affirms Rate Hikes Post Data. Where to for DXY?

The US Dollar clawed its way off recent lows in the aftermath of another soft inflation number, but still appears vulnerable despite hawkish Fed jawboning. New high for DXY? Via DailyFX - Market News https://ift.tt/sNfHQkt

EUR/USD Rate Rally Responds to Former Support Zone

EUR/USD appears to be responding to the former support zone around the May low (1.0349) as it fails to extend the series of higher highs and lows from earlier this week. Via DailyFX - Market News https://ift.tt/Vy7mF8T

AUD/USD Targets 200-Day SMA as Copper and Coal Prices Surge Amid USD Pullback

AUD/USD neared its 200-day SMA on supportive moves higher in copper, coal and iron ore prices. A weaker US Dollar and a worsening energy crisis in Europe provided another tailwind to the Aussie Dol... Via DailyFX - Market News https://ift.tt/Vy7mF8T

Thursday, 11 August 2022

The Most Volatile Currency Pairs and How to Trade Them

Find out what currency pairs may show the most volatility, and how you can tailor your strategy to capitalize on market volatility. Via DailyFX - Market News https://ift.tt/Vy7mF8T

Gold Price Fails to Cash-in on US Dollar Slide Post CPI as Fed Speakers Hit the Wires

The gold price was left behind in a US Dollar rout that saw increasing risk appetite take equities, commercial commodities and associated currencies higher. Where to for XAU/USD? Via DailyFX - Market News https://ift.tt/Vy7mF8T

Natural Gas Prices May Rise as European River Woes Threaten Energy Supply

Natural gas prices look poised to rise further if water levels in Europe's Rhine river continue to drop. That would likely threaten Europe's rush to store natural gas ahead of the winter. Via DailyFX - Market News https://ift.tt/Vy7mF8T

Japanese Yen Soars on Soft US CPI and US Dollar Pummelling. Where to for USD/JPY?

The Japanese Yen has strengthened against the US Dollar and all major currencies as markets digest the fallout from US CPI overnight. Will USD/JPY continue lower? Via DailyFX - Market News https://ift.tt/N1PpXdQ

Wednesday, 10 August 2022

The CPI and Forex: How CPI Data Affects Currency Prices

Find out how to use the Consumer Price Index to make informed trading decisions. Via DailyFX - Market News https://ift.tt/N1PpXdQ

EURO Latest: German Food Prices Soar Despite Moderate HICP Print, EUR/USD & EUR/GBP

The euro continues to trade within the developing range for EUR/USD while EUR/GBP presents an interesting challenge to further upside momentum Via DailyFX - Market News https://ift.tt/N1PpXdQ

How to Trade Forex News: An Introduction  

Find out the essentials of trading the news with this introductory guide to forex news trading Via DailyFX - Market News https://ift.tt/N1PpXdQ

GBP/USD Forecast: Pound Grapples With U.S. CPI, UK Politics and Potential Blackouts

GBP/USD expresses caution ahead of U.S. inflation data later today, while UK politics and energy concerns linger in the background. Via DailyFX - Market News https://ift.tt/N1PpXdQ

Crude Oil Price Anchored Ahead of US CPI Despite Disruptions. Will Data Drive WTI?

The crude oil price have been stable as the market braces itself for the crucial US CPI number later today. If inflation misbehaves, will a Treasury rout hit WTI? Via DailyFX - Market News https://ift.tt/N1PpXdQ

Gold Prices May Run Higher but US CPI Poses Risks to Bullish Narrative

Gold prices look ready to continue rising amid a potential short squeeze induced by a drop in real yields and the US Dollar after Fed bets eased in July. The US CPI tonight may spoil the bullish na... Via DailyFX - Market News https://ift.tt/N1PpXdQ

Australian Dollar Steady as China CPI Comes in Cool Ahead of US CPI. Will it Hit AUD/USD?

The Australian Dollar appears range bound after China's CPI and PPI were slightly lower than forecast while all eyes turn toward US CPI later today. Where to for AUD/USD? Via DailyFX - Market News https://ift.tt/jfUzxrd

Chinese Yuan Forecast: USD/CNH Trades Around 20-Day SMA Ahead of China CPI, PPI

The Chinese Yuan may fall against the US Dollar if China's consumer prices for July beat analysts' estimates. Traders will shift their attention to US CPI data after today's APAC session. Via DailyFX - Market News https://ift.tt/jfUzxrd

Tuesday, 9 August 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. Via DailyFX - Market News https://ift.tt/jfUzxrd

What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair. Via DailyFX - Market News https://ift.tt/jfUzxrd

Ethereum (ETH) Price Outlook: The Most Important Week for Ethereum Merge Test

Final Merge Test Before September Launch. Another Buy the Rumour, Sell the Fact in the Making? Via DailyFX - Market News https://ift.tt/jfUzxrd

Euro Caught in the Range as US Dollar Sidelined Ahead of CPI. Will EUR/USD Break Out?

Euro continues to remain anchored to recent ranges while commodity prices lifting gave related currencies a boost. Will US CPI be the trigger for EUR/USD to get a move on? Via DailyFX - Market News https://ift.tt/jfUzxrd

Monday, 8 August 2022

Ethereum (ETH) Price Outlook: The Most Important Week for Ethereum Merge Test

Final Merge Test Before September Launch. Another Buy the Rumour, Sell the Fact in the Making? Via DailyFX - Market News https://ift.tt/sw8AS7f

Gold Price Forecast - Double-Top May Hold Further Upside For Now

A quiet start to the week for gold with little in the way of drivers until Wednesday's latest US inflation print. Via DailyFX - Market News https://ift.tt/sw8AS7f

Breaking News: EU Sentix Investor Confidence Rises but Outlook Remains Bleak

The slightly better data print masks a rather dire situation in the euro zone as Germany’s outlook reaches levels last seen around peak lockdown in 2020 Via DailyFX - Market News https://ift.tt/sw8AS7f

GBP/USD, EUR/GBP Forecast: UK Politics Buoy Pound in Early Trading

GBP currency pairs have marginally recovered after last weeks slump while several key economic data prints lie ahead. Via DailyFX - Market News https://ift.tt/sw8AS7f

The Bond Market as a Forecasting Tool for Stocks: Four Key Yield Curve Regimes

Traders often use the shape of the yield curve as a leading indicator of the economy and a forecasting tool for equity performance. Here are four key yield curve regimes to know. Via DailyFX - Market News https://ift.tt/sw8AS7f

Crude Oil Price Steadies in Asia as US Dollar Holds Gains. Will WTI make Fresh Lows?

The crude oil price has had a quiet start to the week, but re-emerging US Dollar strength could undermine it, especially if CPI data this week comes in hot. Where to for WTI? Via DailyFX - Market News https://ift.tt/sw8AS7f

Sunday, 7 August 2022

Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Euro - Eyes on Inflation

The Nasdaq 100 outperformed as the Dow Jones fell last week. A strong US jobs report is placing the market at odds with the Fed as officials try to downplay dovish expectations. Now, the US Dollar,... Via DailyFX - Market News https://ift.tt/K0MYfAS

Weekly Fundamental Euro Forecast: September ECB Hike Odds Stay Elevated

Amid a quiet Eurozone economic calendar, traders will focus on evolving ECB rate hike odds.

S&P 500, Nasdaq 100 Price Outlook for The Week Ahead

US equity markets are on the back foot after the latest blowout NFP report with Wednesday's US inflation release set to be the next market driver.

Weekly Fundamental Euro Forecast: September ECB Hike Odds Stay Elevated

Amid a quiet Eurozone economic calendar, traders will focus on evolving ECB rate hike odds. Via DailyFX - Market News https://ift.tt/K0MYfAS

S&P 500, Nasdaq 100 Price Outlook for The Week Ahead

US equity markets are on the back foot after the latest blowout NFP report with Wednesday's US inflation release set to be the next market driver. Via DailyFX - Market News https://ift.tt/K0MYfAS

USD/CAD Rally to Persist If US CPI Indicates Sticky Inflation

The update to the US Consumer Price Index (CPI) may sway USD/CAD as the Federal Reserve struggles to reduce inflation

USD/CAD Rally to Persist If US CPI Indicates Sticky Inflation

The update to the US Consumer Price Index (CPI) may sway USD/CAD as the Federal Reserve struggles to reduce inflation Via DailyFX - Market News https://ift.tt/K0MYfAS

Saturday, 6 August 2022

Gold Price Outlook Mixed After Blowout NFP Report

Gold's recent rally stalls as the latest NFP report tempers recession fears for now.

Gold Price Outlook Mixed After Blowout NFP Report

Gold's recent rally stalls as the latest NFP report tempers recession fears for now. Via DailyFX - Market News https://ift.tt/K0MYfAS

US Dollar Outlook Hinges on July Inflation Data after Gangbuster Jobs Report

The U.S. dollar is likely to stay supported in the near term on bets that the Fed will remain committed to a hawkish tightening cycle amid red-hot labor markets and elevated inflation.

US Dollar Outlook Hinges on July Inflation Data after Gangbuster Jobs Report

The U.S. dollar is likely to stay supported in the near term on bets that the Fed will remain committed to a hawkish tightening cycle amid red-hot labor markets and elevated inflation. Via DailyFX - Market News https://ift.tt/02KYC1R

BTC/USD Fundamental Outlook: Bitcoin, Ether & Cardano Boosted by NFP

Economic data continues to influence the fundamental backdrop with Bitcoin (BTC/USD), Ethereum (ETH/USD) & Cardano (ADA) benefiting from easing recession fears.

BTC/USD Fundamental Outlook: Bitcoin, Ether & Cardano Boosted by NFP

Economic data continues to influence the fundamental backdrop with Bitcoin (BTC/USD), Ethereum (ETH/USD) & Cardano (ADA) benefiting from easing recession fears. Via DailyFX - Market News https://ift.tt/02KYC1R

Australian Dollar Outlook: RBA and Trade Play Out in AUD

The Australian Dollar jumped around through the week, with an RBA rate hike and Fed speakers undermining it before trade data provided some support. Where to for AUD/USD?

Australian Dollar Outlook: RBA and Trade Play Out in AUD

The Australian Dollar jumped around through the week, with an RBA rate hike and Fed speakers undermining it before trade data provided some support. Where to for AUD/USD? Via DailyFX - Market News https://ift.tt/02KYC1R

Friday, 5 August 2022

Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal. Via DailyFX - Market News https://ift.tt/2gMRibv

EUR/USD Update: EURUSD rallies ahead of NFP, Trading Range in Focus

EUR/USD approached a major level of resistance ahead of NFP data later today – highlighting the recent trading range Via DailyFX - Market News https://ift.tt/2gMRibv

What Type of Forex Trader Are You?

What forex trading style best suits your personality? Read on to find out. Via DailyFX - Market News https://ift.tt/2gMRibv

Crude Oil Price Under the Pump Despite US Dollar Sliding. Fresh lows for WTI?

The crude oil price is back to levels not seen since before the Russian invasion of Ukraine as inventory increases and hopes of added production ease supply woes. Via DailyFX - Market News https://ift.tt/2gMRibv

AUD/USD Prices Hinge on RBA Statement as APAC Traders Brace for US Jobs Report

The Australian Dollar rose against a broadly weaker US Dollar. AUD volatility may rise on the RBA's Statement on Monetary Policy. Meanwhile, traders are preparing for the US jobs report due out ton... Via DailyFX - Market News https://ift.tt/2gMRibv

Thursday, 4 August 2022

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

Bank of England expected to deliver the largest rate hike in over two decades. Via DailyFX - Market News https://ift.tt/zQIcyoG

Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA. Via DailyFX - Market News https://ift.tt/zQIcyoG

When Can S&P 500 Volatility Break a Stock Diversification Strategy? Analyzing the VIX

When S&P 500 volatility is too high, a stock sector diversification strategy can fail. Using the VIX, what levels should traders watch for to identify this risk and what can be done about it? Via DailyFX - Market News https://ift.tt/zQIcyoG

Crude Oil Price Languishes Amid Stock Build and OPEC+ Doing Little. Will WTI Recover?

Crude oil prices are at 6-month lows as inventory data reveals a slowing of demand that may have prompted OPEC+ to hot pause on any meaningful add to production. Via DailyFX - Market News https://ift.tt/zQIcyoG

Gold Prices Rise on Softer US Dollar, but Fed Rate Hike Bets and Inflation Bets Pose Risks to XAU

A risk-on APAC trading session is weighing on the USD, allowing gold prices to rise. A brightening economic outlook may soon illicit stronger FOMC rate hike bets, potentially threatening XAU. Via DailyFX - Market News https://ift.tt/zQIcyoG

NZD/USD Rises on US Dollar Pullback as APAC Traders Eye Australian Trade Data

The New Zealand Dollar rose, taking advantage of a broadly weaker US Dollar that fell as market sentiment improved overnight. APAC traders are watching today's trade numbers out of Australia. Via DailyFX - Market News https://ift.tt/zQIcyoG

Wednesday, 3 August 2022

British Pound Update – GBP/USD Stuck in a Rut Ahead of The BoE

Sterling is stuck in a holding pattern ahead of tomorrow's Bank of England monetary policy decision where the central bank is expected to hike interest rates by 50bps. Via DailyFX - Market News https://ift.tt/VhKydwO

Gamma Squeeze Explained: Basic Options Theory and How it Works

Demystify the concept of the gamma squeeze by uncovering its foundations, causes and examples in this practical article. Via DailyFX - Market News https://ift.tt/VhKydwO

Euro Breaking News: EUR Sustained on Mixed EU S&P Global Services PMI Data

EUR/USD proved resilient despite Italy and German PMI’s turning negative as the euro braces ahead of U.S. Services PMI’s later today. Via DailyFX - Market News https://ift.tt/VhKydwO

What is Earnings Season & What to Look for in Earnings Reports?

Earnings announcements are a key driver for stock prices: Learn the what and when of earnings. Via DailyFX - Market News https://ift.tt/VhKydwO

US Dollar Solid After Fed Kiboshes Pivot Perception to Send Treasury Yields Higher

The US Dollar firmed overnight after Fed speakers hosed down any idea that they were stepping back from their fight on inflation. Will geopolitics impact USD? Via DailyFX - Market News https://ift.tt/VhKydwO

Crude Oil Prices: EIA Inventory to Shift into Focus After OPEC Announcement

Crude oil prices are slightly higher in APAC trading ahead of today's OPEC meeting. The oil cartel may decide to hold production steady. After that, traders will shift focus to the US EIA inventory... Via DailyFX - Market News https://ift.tt/VhKydwO

Gold Price Peels Lower as US Dollar and Treasury Yields Gain. Where to for XAU/USD?

Gold dipped overnight after four Fed speakers hit the wires to hose down a pivot in policy, sending Treasury yields and the US Dollar higher. Will the XAU/USD recover? Via DailyFX - Market News https://ift.tt/VhKydwO

AUD/USD Hit on Stronger USD, Geopolitical Headwinds After RBA Disappointment

The Australian Dollar sank against a broadly stronger US Dollar as geopolitical risks felled market sentiment. New Zealand posted strong/week second-quarter jobs data, but NZD failed to react. Via DailyFX - Market News https://ift.tt/VhKydwO

Tuesday, 2 August 2022

Brent Crude Oil Outlook Bullish on OPEC+ Meeting, Supply Hopes Strained

Brent crude oil prices may rise ahead of OPEC+ deliberations as members consider the economic outlook and optimize their leverage in the geopolitical landscape. Via DailyFX - Market News https://ift.tt/UR6KhqZ

What is Leverage in Forex? Forex Leverage Explained

Find out how leverage works and how to manage your risk when trading FX with leverage. Via DailyFX - Market News https://ift.tt/UR6KhqZ

British Pound (GBP) Forecast: GBP Slips on UK Housing Prices & Global Risk Aversion

GBP/USD bears clawed back gains today as investor apprehension grips global markets, while UK housing data misses expectations. Via DailyFX - Market News https://ift.tt/UR6KhqZ

Australian Dollar Dived After RBA Hike by 0.50%. Where to for AUD/USD?

The Australian Dollar went lower immediately after the RBA raised the cash rate target by 0.50% to 1.85%, as anticipated but the statement was interpreted as less hawkish. Via DailyFX - Market News https://ift.tt/UR6KhqZ

Crude Oil Price Forecast: Traders Weigh Economic Data Against Tight Supply

Crude oil prices fell nearly 5% on Monday, starting the month off on a sour note. A weak Chinese PMI reading added to already ailing economic growth prospects, dragging sentiment despite a tightly ... Via DailyFX - Market News https://ift.tt/UR6KhqZ

Gold Price to Mirror June on Failure to Push Above 50-Day SMA

The price of gold may mirror the price action from June if it fails to push above the 50-Day SMA ($1793). Via DailyFX - Market News https://ift.tt/UR6KhqZ

AUD/USD Hits Post-Wedge Target. Bulls Eye Higher Ground Ahead of Central Bank Decision

AUD/USD rose to its post-wedge target overnight as the US Dollar weakened despite a drop in US equity indexes. The RBA and Nancy Pelosi's Taiwan visit present risks to market sentiment. Via DailyFX - Market News https://ift.tt/UR6KhqZ

Monday, 1 August 2022

The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX. Via DailyFX - Market News https://ift.tt/aKnX8jR

US Dollar Price Action: USD/JPY, EUR/USD, GBP/USD

USD extends pullback. JPY outperforms, Euro faces topside hurdles. GBP eyes BoE Via DailyFX - Market News https://ift.tt/aKnX8jR

How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips. Via DailyFX - Market News https://ift.tt/aKnX8jR

EUR/USD Outlook – Pressing Higher as the US Dollar Loses Its Shine

The single currency is shrugging off poor German retail sales numbers and is looking to print a fresh one-month high as the US dollar weakens further. Via DailyFX - Market News https://ift.tt/aKnX8jR

How to Manage Fear and Greed in Trading

Fear and greed, two drivers that influence our lives, can carry over to trading and be detrimental. Via DailyFX - Market News https://ift.tt/aKnX8jR

AUD/USD Forecast: RBA Prospects Outdo Weaker PMI’s, Aussie Bid

AUD/USD is looking to re-test the 70c mark once more today ahead of tomorrow’s RBA meeting. Via DailyFX - Market News https://ift.tt/aKnX8jR

Crude Oil Price Slips as China PMIs Disappoint Ahead of OPEC+. Where to for WTI?

Crude oil is softer today after Chinese activity data missed forecasts ahead of this week's OPEC+ meeting. Will an equity market rally push the Fed to a more hawkish stance? Via DailyFX - Market News https://ift.tt/aKnX8jR