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Gold Price Forecast: Reversal or Pullback?
Gold prices were smashed on the night of the election, similar to what showed in 2016 when the US Dollar posed a stark turn-around on news that Donald Trump would prevail.
EUR/USD analysis: US dollar in focus as attention turns to FOMC and NFP
US dollar is in sharp focus as investors' attention turn to FOMC policy decision next and NFP data on Friday, after the ISM Manufacturing PMI and JOLTS jobs opening data disappointed expectations.
USD/CAD analysis: Canadian CPI in focus for BOC clues
With the odds of a Fed cut arriving this year now in jeopardy, it is now over to the BOE, ECB or BOC to take the title as ‘first to begin easing’. And that brings Canadian CPI data into focus today for CAD traders.
Dow Jones, Nasdaq forecast: Key levels for US indices
The recent underperformance of the Dow Jones has not come without warning, as asset managers have been reducing their net-long exposure for several weeks now. Yet the Nasdaq remains above 18k, which means it may be better suited for bulls should sentiment improve and leave the Dow Jones for bears to consider fading into, should prices rebound.
British Pound Technical Analysis: GBP/USD Breakout After 1.2500 Test
The Bank of England seems an outlier at this point as they remain one of the more hawkish Central Banks and GBP/USD is driving to a fresh three-month high after the FOMC and BOE rate decisions.
EUR/USD analysis: Euro softens as dollar picks up momentum ahead of key macro events
The EUR/USD faces a key test in the next week and a half. We will have lots of key data and rate decisions from both the Federal Reserve and European Central Bank to come during this period. Ahead of these big events, the EUR/USD was down for the second consecutive week, eating into the impressive gains made last month. But will it bottom around the 1.0700-1.0750 key support area?
US dollar analysis: EUR/USD, NZD/USD - Forex Friday
Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week's edition, we will discuss the US dollar, EUR/USD and NZD/USD ahead of next week's key macro events.
USD/JPY, EUR/JPY, GBP/JPY: Pullbacks Ahead of the BoJ
It’s been a big week for global markets and it’s not over yet, with the Bank of Japan rate decision scheduled for later today.
Canadian Dollar Technical Analysis: USD/CAD Pulls Back from Key Resistance
The bullish move in USD/CAD has been pronounced after the pair bottomed in July, but now the question of topping starts to come in as a major resistance level has come back into the picture.
Euro Technical Analysis: EUR/USD, EUR/JPY Primed for ECB Day
EUR/USD has sold off for eight consecutive weeks and even EUR/JPY looks like it has potential to put in a turn. Will the European Central Bank rescue bulls with another rate hike this Thursday?
Mexican Peso Technical Analysis: Is the Tide Turning in USD/MXN?
While USD strength has been the rage in many FX markets, the same can’t be said in USD/MXN where Banxico rates have kept the carry driving the short side of the pair for much of the past two years. But now there’s the threat of reversal.
DAX, FTSE and gold outlook - Technical Tuesday
With the US out celebrating Independence Day holiday, it should be a quieter day than usual as several key markets will be closed for trading. With that in mind, this edition of Technical Tuesday is going to be a lighter one. We will get technical on the gold outlook and provide analysis on the FTSE and DAX.
US Housing Market continues to show signs of weakness; USD/JPY
Watching US 10-Year Yields and USD/JPY could give a clue as to the next direction for mortgage rates.
Index in Focus: Nikkei 225 Index
Will the BoJ act when it meets on Wednesday? Traders aren’t taking any chances and are selling the Nikkei 225 ahead of any surprises.
Gold bears eyes break of $1700 as dollar and yields surge
precious metal looks heavy amid aggressive rate hike expectations