CAD May Rise on OPEC Optimism, GBP Bracing for Brexit Woes

The Canadian Dollar may rise with crude oil prices following OPEC’s decision to extend record production cuts while the British Pound stares down the barrel of Brexit.

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Markets Week Ahead: Dow Jones, US Dollar, Gold Prices, Fed, Sentiment

The Dow Jones, S&P 500 and Nasdaq Composite soared as the haven-linked US Dollar and gold prices dropped. A blowout jobs report raised expectations of a swift economic recovery. Ahead, all eyes tur...

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Nasdaq 100, DAX 30 & FTSE 100 Forecasts: Will the Recovery Continue?

The Nasdaq reached fresh heights on Friday despite an ever more complicated fundamental landscape as President Trump floated the idea of auto tariffs on the EU. How might this impact the week ahead?

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USD/MXN Outlook: Profit-Taking, FOMC and More Real-Time Economic Data

The Mexican Peso performs another stellar week against the Dollar but profit-taking may curb further losses

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Euro Forecast: Outlook for EUR/USD Still Bullish, More Stimulus Planned

The European Commission’s proposed €750 billion recovery package for the EU economy will be on the agenda this coming week, likely keeping EUR/USD on an upward path.

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Gold Price Outlook: Gold Slammed Lower on Record US Jobs Creation

Gold has fallen sharply after the latest US Non-Farm Payroll report showed 2.5 million jobs created in May , smashing expectations of an 8 million loss.

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Crude Oil Prices Eye OPEC+ Meeting as US and China Demand Rises

Crude oil prices await the OPEC+ meeting where record output cuts could be prolonged as demand for energy from the US and China continues recovering. What could be the downside risks?

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Nasdaq 100 Sets Fresh All-Time-Highs, US Stocks Jump on Jobs Report

Don't call it a comeback, but the Nasdaq 100 has now erased the entirety of the coronavirus sell-off, even as social unrest remains a concern.

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AUD/USD Rallies to Yearly Open Ahead of FOMC Rate Decision

The Australian Dollar has soared back to the yearly open highs, seemingly dismissing the imminent onset of Australia’s first recession in 29 years.

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Gold Sinks, USD/JPY Surges as NFP Report Smashes Expectations

Gold prices plunged and the US Dollar exploded higher against the Japanese Yen after NFP data for May 2020 crushed estimates. The US economy added 2.5 million jobs, but was expected to shed 7.5 mil...

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British Pound (GBP) Latest: GBP/USD Multi-Week High; EU/UK Trade Update and US NFPs Ahead

GBP/USD makes a fresh 11-week high, mainly due to a floundering US dollar, but traders should take note of EU/UK trade discussions and US NFPs later in the session.

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Australian Dollar Forecast: Key AUD/USD Levels to Watch on US Dollar Capitulation

USD selling has been the main theme throughout the week, as the reflation trade kicks in.

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Gold Prices Challenge Chart Support as US Jobs Data Enters Spotlight

Gold prices are challenging chart support just below the $1700/oz figure as the markets’ focus turns to May’s US employment report. Improvement on April’s blood-letting is expected.

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Nikkei 225 Surge Triggers Overbought RSI Reading

The Nikkei 225 trades at 4-month highs after a 50% surge from the March low, while the RSI registers its first overbought readings since November 2019.

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USD/CAD Continues to Eye March Price Gap Ahead of Canada Employment

The update to Canada’s Employment report may influence the near-term outlook for USD/CAD as the economy is expected to shed 500K jobs in May.

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AUD, APAC Stocks May Trim Gains. Is Bullish Sentiment Fading?

The Australian Dollar may fall alongside Asia-Pacific stock markets as bullish sentiment appears to be showing signs of upward exhaustion after a mediocre day on Wall Street.

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NFP: Nonfarm Payrolls Drives the US Dollar & Forex Volatility

Several fundamental forces can impact the US Dollar, but the monthly release of nonfarm payrolls in particular is a frequent driver of USD price action that tends to spark above-average forex volat...

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Dow Jones, Nasdaq 100, S&P 500 Forecasts: What is Fueling the Rally?

The US stock market has moved within reach of all-time highs as equities look to reclaim ground that was lost during the coronavirus crash. Is such a rebound warranted, and what is the driver?

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Macro Matters: USD Down the Drain as Euro, CAD, Aussie Rip Higher

While yet another risk factor has entered the equation as social unrest runs high, markets have just continued to climb.

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FTSE 100 Forecast: Index Surges Through Price Gap, Can it Continue?

The FTSE 100 recently broke through a major level of resistance which allowed for bulls to quickly fill the gap that sat overhead. Can they continue their charge higher?

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