FXTM Forex Market News

2021-05-20 17:46:19 Wow! The risk rollercoaster calms down ...
https://www.forextime.com/market-analysis/wow-risk-rollercoaster-calms-down Open / Comment

2021-05-19 16:17:45 The mood in markets is pretty subdued after two days of losses in stock markets and US futures pointing to another day in the red, even after bumper earnings reports by two of the major US retailers, Walmart and Home Depot. European bourses are nursing losses of over one per cent as risk sentiment is put in the shade by lingering inflation fears.



Bitcoin has caught the headlines this morning after falling below $40,000. Two weeks ago, the world’s most popular cryptocurrency was trading close to $60,000 but Elon Musk’s “did he or didn’t” (sell Tesla’s holding) tweet plus a China ban on... Read More (https://www.forextime.com/market-analysis/risk-defensive) Open / Comment

2021-05-19 16:17:45 Open / Comment

2021-05-19 16:17:45 Risk on the defensive
https://www.forextime.com/market-analysis/risk-defensive Open / Comment

2021-05-18 22:01:28 Gold prices are holding relatively steady on Tuesday, holding on to most of its gains garnered over the past three days. Earlier today, it posted a 3-month high before paring gains.

From a technical perspective however, a near-term pullback may be healthy and necessary in order to clear the path for further gains. After all, its 14-day relative strength index has been flirting with the 70 mark, which typically denotes overbought conditions.



That isn’t to take anything away from spot gold’s start to the trading week – one that gold bulls will be savouring.

Bullion has punched... Read More (https://www.forextime.com/market-analysis/6-reasons-behind-golds-recent-climb) Open / Comment

2021-05-18 22:01:28 Open / Comment

2021-05-18 22:01:27 6 reasons behind gold’s recent climb
https://www.forextime.com/market-analysis/6-reasons-behind-golds-recent-climb Open / Comment

2021-05-18 13:09:50 Growing worries about inflation have gripped markets recently and left investors on edge.

Wall Street slipped on Monday, dragged down by declines among technology shares as concerns over rising prices soured risk sentiment. Although Asian stocks opened firmer this morning and US futures are positive, caution ahead of Wednesday’s FOMC meeting minutes could limit gains across equity markets.

Federal Reserve policymakers have repeatedly played down the inflation risk as transitory. However, the volatile movements witnessed across financial markets recently suggests that investors think... Read More (https://www.forextime.com/market-analysis/markets-gripped-inflation-concerns) Open / Comment

2021-05-18 13:09:49 Markets gripped by inflation concerns
https://www.forextime.com/market-analysis/markets-gripped-inflation-concerns Open / Comment

2021-05-17 19:37:59 The Euro kicked off the new week on a positive note, appreciating against most G10 currencies.



As US Treasury yields fell slightly and weighed on the Dollar, this pushed the EURUSD to an intraday high of 1.2168 before prices later retreated below the 1.2150 level.



Looking at the daily timeframe, the EURUSD is certainly in an uptrend. There have been consistently higher highs and higher lows since the start of April 2021 with prices respecting a bullish channel.



However, bulls seem to be having a tough time cracking the resistance around the 1.2150 – 1.2170 regions... Read More (https://www.forextime.com/market-analysis/technical-outlook-eurusd-breakout-horizon) Open / Comment