VIX Index Spikes Lower as Risk Appetite Crushes Volatility

VIX Index drops to its 200-day exponential moving average as the S&P 500 rallies relentlessly while trader sentiment remains unfazed by skepticism surrounding a possible coronavirus vaccine.

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USD/CAD Outlook: Failure to Test April Low Warns of Range Bound Prices

USD/CAD may continue to face range bound conditions in May as the decline from earlier this week fails to produce a test of the April low (1.3850).

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Crude Oil Price Breakout Eyed, Will the Canadian Dollar Capitulate Up?

Crude oil prices broke to the upside on a 10-week high, will the Canadian Dollar capitulate higher? Markets shrugged off Stat’s Moderna critique, AUD/USD may rise with Asia stocks.

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Dow Jones Forecast: Retail Earnings May Weigh on Recovery Rally

As the Dow Jones grapples with nearby technical resistance, a string of earnings reports from some of the country’s largest retailers could weigh on the rally if forecasts are more grim than expected.

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Gold Price Takes Aim at 2012 Peak Near $1,800 as Climb Continues

Gold has melted higher over the last few weeks as investors seek the relative stability and insurance against inflation the metal often provides. Now, it has taken aim at resistance near the 2012 p...

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US Dollar Outlook: DXY Hammered Lower Ahead of FOMC Minutes

The US Dollar extends lower with DXY Index price action on pace for a 1.2% decline over the last three trading sessions, but can FOMC minutes due for release spark a reversal in USD prices?

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US Listed Chinese Stocks Drop on Senate Passing Oversight Bill

The U.S. Senate passed the Holding Foreign Companies Accountable Act Wednesday afternoon, sending Chinese stocks listed on U.S. exchanges lower as news crossed the wires

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Euro Stoxx 50 Outlook: Approaching Inflection Point as Optimism Reigns

Market optimism remains rife as vaccine hopes and EU aid proposals continues to lift equity markets

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Dow Jones, Gold & More: Index & Commodity Charts to Watch & More

Stocks are testing resistance and have their work cut out for them for further gains while gold and other commodities may have a little more upside in them.

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US Dollar vs Mexican Peso Outlook: USD/MXN Pressing Against Multi-Week Lows

The Mexican Peso pullback against the US dollar continues with the recent oil rally weighing on USD/MXN. A fresh attempt to make a new multi-week low is currently underway.

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British Pound (GBP) Latest: GBP/USD Rally Running Out of Steam

The rally so far this week in GBP/USD is faltering after news of a drop in UK inflation; attention now turns to testimony by the Bank of England Governor and Thursday’s PMIs.

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EUR/USD Outlook Bearish Ahead of FOMC Minutes, Eurozone Data

The Euro may face heightened liquidation pressure ahead of the release of key Eurozone economic data while the US Dollar may rally on coronavirus risks and the FOMC minutes.

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Crude Oil Prices Gain Further On Signs of US Demand Recovery

Crude oil prices have held up thanks to news of a US inventory drawdown, signs of increased refinery runs and the expiry of June’s futures contract well in positive territory.

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Gold Price Remains Afloat Following Fed Chairman Powell Testimony

The break above the November 2012 high ($1754) may keep the price of gold afloat as the Federal Reserve prepares to further expand its balance sheet.

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FTSE 100, S&P 500 Forecast: Resistance Rejected, Will Sell Bets Unwind?

The FTSE 100 and S&P 500, after rejecting key resistance, could risk seeing downward pressure pick up pace if retail investors unwind their tendency to sell recent price action.

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Emerging Market Currencies Face FDI Outflows In Post-Covid World

Emerging market currencies haven’t been treated equally by the effects of global contagion, even if most have suffered to some degree. However withdrawal of investment flows could hit them all.

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CAD Outlook vs British Pound and New Zealand Dollar

GBP/CAD and NZD/CAD are approaching critical cross sections following a corrective pullback in their respective trajectories.

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AUD/USD Forecast: Break of May Range Brings March High on the Radar

AUD/USD may attempt to test the March high (0.6685) as the exchange rate breaks out of the monthly range and carves a series of higher highs and lows.

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New Zealand Dollar Stalls? Dow Jones Turns, Stat Flaks Moderna Vaccine

The New Zealand Dollar may be stalling after Stat criticized Moderna’s virus drug trial, reversing most gains in the Dow Jones yesterday. Ahead, the Japanese Yen could appreciate.

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Dow Jones Forecast: Retail Earnings May Weigh on Recovery Rally

As the Dow Jones grapples with nearby technical resistance, a string of earnings reports from some of the country’s largest retailers could weigh on the rally if forecasts are more grim than expected.

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