New Zealand Dollar Dips Lower on Dovish RBNZ Forward Guidance

The New Zealand Dollar dipped lower as the RBNZ remains “prepared to provide additional stimulus as necessary”.

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Hang Seng Index Challenges Key Resistance, Gold Prices Climb

The Hang Seng Index stock market benchmark is set to challenge a key resistance level at 25,000. The Singapore’s Straits Times Index consolidates on election news. Gold climbs.

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USD/CAD Reversal from March Low Unravels as RSI Retains Bearish Trend

The USD/CAD reversal from the March low (1.3315) may continue to unravel as the RSI fails to break out of the bearish formation carried over from the previous month.

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NZD May Rise on RBNZ Rate Decision Amid Signs of Global Stabilization

The New Zealand Dollar’s rise may be amplified by the RBNZ rate decision as signs of stabilization in the global economy alleviate the need for ultra-aggressive monetary measures.

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Australian Dollar Forecast: AUD/USD Ignores White House Whiplash

The Australian Dollar edged higher by about 20-pips, or 0.3%, against its anti-risk USD peer on Tuesday despite another reminder of elevated US-China trade tension and uncertainty that lingers.

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Crude Oil Price Outlook: WTI Edges Above Recent High, Will it Break Out?

As growth-sensitive assets continue to show signs of strength, crude oil has moved above a recent high which could pave the way for an eventual break higher. Still, risks to the rally remain.

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US Recession Watch, June 2020 - The Deceitful US Yield Curve

Ongoing stimulus efforts by the Federal Reserve to head off the economic fallout from the coronavirus pandemic have implicitly tamped down the US Treasury yield curve.

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Canadian Dollar Price Outlook: USD/CAD Range Support, Trend on Pause

The US Dollar has been very weak over the past couple of days, but USD/CAD is holding the hard line of support, at least for now.

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US Dollar Outlook: DXY Index Decline Pauses on Markit PMI Data

US Dollar downside has accelerated into Tuesday’s trading session, but the broader DXY Index attempts to stabilize after better-than-expected US PMI data just released by IHS Markit.

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EUR/USD, GBP/USD, AUD/USD Sentiment Boosted by PMIs | Webinar

Market sentiment towards stocks and the “risk on” currencies such as EUR, GBP and AUD has been lifted by the latest purchasing managers’ indexes suggesting a global economic recovery is beginning.

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GBP/USD, GBP/JPY, DXY Charts & More

The GBP versus the USD, JPY look vulnerable, especially the former; USD though in general via the DXY could be on its backfoot near-term.

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DAX 30, Euro Stoxx 50 Outlook: Looking for Post Crash Peak

DAX 30 soars on Eurozone PMIs, while Euro Stoxx 50 faces key hurdle.

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British Pound (GBP) Latest: GBP/USD Bullish After Positive UK PMIs

UK purchasing managers’ indexes for June came in higher than expected, with the manufacturing PMI above the 50 mark separating expansion from contraction, improving the GBP/USD outlook.

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EUR/USD Rally Continues as Positive Euro-Zone PMI Data Provides a Boost

EUR/USD continues Monday’s sharp pull-back after the latest Euro-Zone PMI data beat suggested a sharp pick-up in economic activity in the single-block, although fears remain.

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US Dollar May Decline as Demand for Federal Reserve Swaps Collapses

The US Dollar may continue to slide as the $74 billion contraction of the Federal Reserve’s balance sheet highlights falling demand for USD.

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Gold and Crude Oil Prices Break Higher but Reversal Signs Linger

Gold and crude oil prices are exhibiting bearish technical warning signs, perhaps undermining recent upside breakouts. What is in store for these assets over the next 24 hours?

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Mexican Peso Outlook at the Mercy of US Economic Trends

Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN.

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Copper, Silver Poised to Move Higher as Market Dismisses Virus Concerns

Copper and Silver could continue to push higher should risk aversion remain suppressed, as market participants dismiss second-wave coronavirus concerns.

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EUR/USD Bull Flag Formation in Focus as RSI Tracks Bullish Trend

A bull flag formation may unfold in EUR/USD as the Relative Strength Index (RSI) preserves the bullish formation from March.

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Dow Jones, S&P 500, AUD/USD: Trade Wars Still Matter, Navarro’s 180

The Dow Jones, S&P 500 and AUD/USD initially tumbled on fears of a US-China trade deal breakdown. But then, a 180 from Trade Adviser Peter Navarro quelled market volatility for now.

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