EUR/USD trades below 1.1900 amid upbeat mood, ahead of ZEW

EUR/USD is falling back towards 1.1850, as the US dollar moves higher in tandem with the Treasury yields amid a better mood. ECB hawks brace for Thursday, falling covid cases add to the market’s optimism. Eurozone GDP revision, German ZEW Survey awaited.

EUR/USD News

GBPUSD drops towards 1.3800 amid USD rebound, BOE's Saunders

GBP/USD remains pressured towards 1.3800, as the US dollar strengthens with yields. The cable shrugs off hawkish comments from the BOE policymaker Saunders and fresh Brexit optimism. The focus remains on the USD price-action amid a light data docket.

GBP/USD News

XAU/USD corrects further to test 100-DMA amid firmer yields

Amid a data light docket and return of full markets on Tuesday, gold price is extending its corrective pullback from two-month highs of $1834.

Gold News

Solana, Ethereum dominate crypto inflows as institutional demand for altcoins skyrocket

Cryptocurrency investment products witnessed an inflow of $98 million last week, marking the third consecutive week, indicating that investor sentiment has continued to be positive. Solana witnessed a record in inflows last week, doubling its total inflows year-to-date.

Read more

Can Tesla hold above key $730 support?

Tesla stock was pretty quiet on Friday as jobs data was poor. Market unsure of its next direction and so is Tesla. TSLA stock needs to hold key $730 support.

Read more

How do emotions affect trade?
Follow up our daily analysts' guidance

Subscribe Today! ? ?

PARTNER BROKERS IN YOUR LOCATION

DEEPER DIVE

When is a taper not a rate hike? Whenever the Fed says so

The questions around the primary topic in world markets continue to grow. Will the Fed announce the long-awaited taper of its bond program at its September meeting? How much depends on the August payrolls report in early September, on equity levels, on the pandemic, on global political tension? 

The Homeworking Revolution: Change accelerates for businesses, real estate and stock markets

The pandemic-fostered explosion of working-from-home will be a permanent change. COVID-19 has reinforced trends that were remaking the business office before the pandemic. Property valuation and tax revenue will flow from cities to suburbs and high-cost to low-cost states.

Top commodities to trade amid global reflation: Silver and copper to outshine gold price

Commodities witnessed an interesting end to a decade in 2020. Traders were caught off-guard by the unprecedented coronavirus crisis last year. Likewise, a strong recovery across the commodities board came as a surprise, bringing them in vogue and kick-starting a super cycle.

FXS Signals

Technical Confluences Detector

Gold price is consolidating its retreat from two-month highs of $1834, as the bulls continue to remain hopeful, despite the impressive US dollar rebound and the risk-on market mood. The change in expectations towards an extended period of monetary policy support likely from the Fed and China combined with looming covid concerns is keeping the buoyant tone intact around gold price. Meanwhile, investors are taking profits off the table after Friday’s $20 rally and ahead of this week’s ECB monetary policy meeting.

The Technical Confluences Detector shows that gold price is testing the powerful defense line at $1822, as it extends its pullback.

That level is the confluence of the SMA10 four-hour and Fibonacci 38.2% one-week.

Read Full Report

CRYPTOCURRENCIES

Polkadot Price Prediction: DOT upside limited to 23% as sell signals emerge

Polkadot price is seeing a lack of buying pressure, which has led to a consolidation phase under a crucial resistance level. Moreover, a sell signal from the MRI indicator further limits any upside potential DOT has.

More Polkadot news

SOL, ETH dominate crypto inflows as institutional demand skyrocket

Cryptocurrency investment products witnessed an inflow of $98 million last week, marking the third consecutive week, indicating that investor sentiment has continued to be positive. Ethereum and Solana have taken ...

More Cryptocurrencies news

El Salvador now holds over $21 million Bitcoin as BTC law comes into effect

El Salvador has confirmed the purchase of its first 400 Bitcoin just ahead of the new crypto legislation approaching. President Nayib Bukele revealed that the country would be continuing to buy more of the leading cryptocurrency as the deadline approaches on September 7.

More Bitcoin News

XLM Price Prediction: Stellar bulls need to overcome two hurdles for 55% upswing

XLM price has seen considerable growth over the past week. However, this ascent pushed Stellar to retest a crucial resistance barrier. A decisive close above which will reveal that the buyers are in control. XLM price rose roughly 31% from August 31.

More Stellar news

ECONOMIC CALENDAR

WEEKLY FORECAST

EUR/USD bulls cheer tepid US employment data, more gains in the docket

A disappointing US Nonfarm Payrolls report fueled speculation of delayed tapering. The European Central Bank will have a monetary policy meeting on September 9. EUR/USD is bullish and could extend its advance to the 1.2000 price zone.

Read full analysis

GBP/USD: Torn between mixed forces, data to determine next moves

GBP/USD has been building on dollar weakness but less than its peers. UK GDP, US producer inflation and covid headlines are set to rock the currency pair. Early September's daily chart is showing bears are in the lead.

Read full analysis

USD/JPY: The Fed buys time

The USD/JPY moved above 110.00 for the first time in two weeks on Wednesday as global risk-aversion from the returning covid pandemic, higher US Treasury yields and anticipation that the Federal Reserve might announce a bond program taper underpinned the dollar. 

Read full analysis

AUD/USD boosted by decreasing hopes for Fed’s action

Poor US employment-related figures sent the greenback down across the board. The RBA will meet this week, will probably maintain a dovish stance. AUD/USD is set to extend its advance in the upcoming days.

Read full analysis

Bitcoin struggles with $50,000, but few mainstream investors remain doubtful

Bitcoin price is taking a third attempt at breaking through the $50,000 psychological level. JP Morgan warns that crypto markets, including altcoins, reflect retail “mania.” Twitter could be introducing a BTC tipping feature in the near future.

Read full analysis

XAU/USD bulls remain in control following dismal NFP data

XAU/USD gathered bullish momentum on Friday after disappointing US data.The next target on the upside is located at $1,845. A daily close below the 200-day SMA could cause the outlook to turn bearish.

Read full analysis


EDUCATION

BTCUSD: Stay Calm and take advantage?

Are you looking for great opportunities in the Crypto market? This is your chance! Retailers taking advantage of the drop in BTC, no panic. Get this and daily recommendations by our experts on how to read crypto charts and be ready for the next trade!
Join our experts now!

LIVE VIDEO

NEXT LIVE SHOWS

Date Event Title Sponsor More Info
Premium Actionable Trade Ideas Gonçalo Moreira, CMT Event Details
Premium US Pre-Market Open Ed Ponsi, CTA Event Details
Premium US Session Open Ed Ponsi, CTA Event Details
Premium How to trade volatile markets naked Walter Peters Event Details
Be Premium Now