FTSE 100 Forecast Ahead of the Bank of England Rate Decision

The FTSE 100 will look to the upcoming rate decision from the Bank of England as it attempts to break above various technical levels overhead.

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Turkish Lira Outlook: USD/TRY Eyes Record High

USD/TRY Edges Towards Currency Crisis High. Eyes on Turkey’s State Measures to Curb Turkish Lira Drop.

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US Dollar vs Mexican Peso Price: USD/MXN Tightens Towards a Breakout

The recent Mexican Peso pullback against the US dollar continues and is now threatening a supportive trendline as oil prices pick-up and risk sentiment increases.

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Dow Jones, DAX 30: Index & Commodity Charts to Watch

Stocks are at a bit of a crossroad here after pulling off from resistance, precious metals continue to trade sideways but with a bullish tilt so far.

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Canadian Dollar Outlook – USD/CAD Rally Looks to Be on the Horizon

USD/CAD has been in retracement mode since March; this may keep opportunities minimal for now, but price action suggests another run could be coming.

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US Dollar and Yen May Rebound on Recession Fears, ADP Eyed

The anti-risk US Dollar and Japanese Yen may rise if incoming economic data stokes worries about an emerging global recession.

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Euro Latest - EUR/USD Sinks Further as Storm Clouds Gather

The Euro remains under pressure against a range of currencies as Tuesday’s German Court ruling continues to reverberate.

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DAX, Euro Stoxx 50 Outlook: Upside Potentially Capped

Tight ranges give little sense of direction in both the DAX and Euro Stoxx 50. Eyes on topside resistance to cap upside.

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British Pound (GBP) Latest: EUR/GBP Stable Despite German Court Ruling

The Euro is holding its ground against Sterling despite a German court ruling that the ECB must justify purchases under its bond-buying program or lose the Bundesbank as a participant.

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Crude Oil Prices Edge Lower, US Inventory Rise Reignites Glut Fears

Crude oil prices have risen impressively as investors hope to see the global economy emerge from its Covid lockdown. However, supply levels remain elevated.

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EUR/USD Susceptible to Dovish ECB Guidance amid German Court Ruling

EUR/USD may continue to give back the advance from the April low (1.0727) as the ECB retains a dovish forward guidance following the German Constitutional Court ruling.

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Dow Jones Selling Bets Fading, Will the Australian Dollar Sink?

Traders thirst to sell the Dow Jones has been fading as upside momentum on Wall Street has been slowing. This is as the sentiment-linked Australian Dollar could be at risk.

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Silver Lags Gold as Covid Haven Thanks to Much Higher Industrial Demand

Silver and gold are both precious metals but their status as financial assets is markedly different. All the same, the price ratio between them is now extremely high.

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USD/CAD Rebound from April Low Unravels Ahead of Canada Employment

The Canadian Dollar may face headwinds later this week as the update to Canada’s Employment report is anticipated to show a 4.25 million contraction in April.

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New Zealand Dollar Struggles Despite Rosy Jobs Data, S&P 500 Wobbles

The New Zealand Dollar struggled despite rosy jobs data all things considered. NZD/USD’s focus likely remains on risk trends, stocks on Wall Street trimmed most of their gains today.

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Nasdaq 100 Forecast for the Week Ahead, Unemployment to Soar?

The Nasdaq has recovered after stumbling to start the month, shifting its focus to levels that coincide with prior swing highs. Still, looming jobs data could derail the recovery.

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S&P 500 Jumps, VIX Sinks Amid Volatility Squeeze; Will it Last?

S&P 500 price outlook has improved as cross-asset volatility benchmarks normalize from financial crisis highs, but VIX term structure suggests investor uncertainty still hangs around extremes.

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FTSE 100 Forecast Ahead of the Bank of England Rate Decision

The FTSE 100 will look to the upcoming rate decision from the Bank of England as it attempts to break above various technical levels overhead.

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Chinese Yuan (CNH) Poses Risks to AUD/USD & NZD/USD - Cross Asset Correlation

US steps up hawkish rhetoric towards China highlighting the rising US election risk. Chinese Yuan to become increasingly in focus.

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US Dollar Rises as ISM NMI Drops to 2009 Low

The ISM NMI dropped to a 2009 low for this past April. Despite the troubling economic data print, the US Dollar pushed higher after the report crossed the wires.

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