NZD/USD Crowding Behavior Persist as RSI Diverges with Price

NZD/USD approaches the monthly high (0.6601) despite signs of crowding behavior in the US Dollar, while the RSI appears to be diverging with price.

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Australian Dollar Eyes RBA Minutes. Euro Hung Up on EU Summit

The Australian Dollar will be thrust into the spotlight ahead of the RBA minutes as the Euro remains suspended by geopolitical uncertainty from a key EU summit.

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Euro in Limbo on EU Summit. GBP & USD Brace for Brexit & US Fiscal Debate

The Euro, US Dollar and British Pound are mired in cross-continental geopolitical risks as Covid-19 cases globally top 14.4 million.

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AUD/USD & ASX 200 Price Forecast: Aussie Assets Probe Resistance

Both AUD/USD and the ASX 200 have moved within reach of nearby technical resistance, staging intermittent attacks at their respective levels. Can they break higher in the days ahead?

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Gold Price Forecast: XAU, Gold Threaten Bullish Breakout

Gold prices opened the week with another fresh eight-year-high; but buyers so far appear to be approaching the matter cautiously.

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Kiwi Price Analysis: Wedge Holds NZD/USD For Now

Despite recovering from March 2020 lows, NZD/USD remains trapped in a wedge formation with bulls and bears looking for a break in one direction or the other.

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Dollar vs Mexican Peso Price Outlook: USD/MXN Range Contraction

Mexican Peso continues to contract into July opening-range and price is poised for the breakout. These are the levels that matter on the USD/MXN technical charts.

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Nasdaq 100, Dow Jones, DAX 30 Forecasts for the Week

The major equity markets will look to another string of high profile earnings reports in the week ahead as other tech members throw their hat in the ring following a rough start to the season.

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US Dollar Forecast: Sitting at Major Channel Support - Key Levels for DXY Index

The US Dollar (via the DXY Index) is looking into the abyss, threatening to lose uptrend support from the February 2018 low.

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Markets Week Ahead: US Dollar, Dow Jones, S&P 500, Microsoft, Coronavirus

The US Dollar fell as the S&P 500 and Dow Jones climbed despite rising coronavirus cases in the US. With earnings season in full swing, all eyes turn this week to Microsoft after dismal figures fro...

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GBP/USD, EUR/GBP and FTSE 100 Weekly Outlooks - UK Webinar

Sterling is pushing higher against an albeit weak US dollar as hopes of an effective COVID-19 vaccine build. The FTSE 100 lags, due to GBP/USD strength, but remains reasonably well supported in the...

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British Pound (GBP) Latest: Sterling on Hold Ahead of AstraZeneca COVID-19 Vaccine Report

Sterling opens the week little changed with traders waiting for report about the effectiveness of AstraZeneca’s COVID-19 vaccine to be published today.

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Crude Oil Prices at Risk as Q2 Earnings Season Gathers Steam

Crude oil prices are at the mercy of broad market sentiment trends, trading with stocks as the spotlight turns to the Q2 corporate earnings reporting season.

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EUR/GBP May Rise on EU Summit, Escalating UK-China Tensions

EUR/GBP looks poised to rise as the Euro is buoyed by EU recovery fund progress while the British Pound is anchored by escalating UK-China tensions.

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Gold Price Holds Near 2020 High Despite Net Long US Dollar Exposure

The price of gold trades near the 2020 high ($1818) even though the IG Sentiment index reflects crowding behavior in the US Dollar.

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Euro in Limbo on EU Summit. GBP & USD Brace for Brexit & US Fiscal Debate

The Euro, US Dollar and British Pound are mired in cross-continental geopolitical risks as Covid-19 cases globally top 14.4 million.

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US Dollar Fundamental Outlook: USD/SGD, USD/IDR, USD/MYR, USD/PHP

The US Dollar may rise against ASEAN FX as coronavirus cases continue climbing and Microsoft earnings could disappoint. Southeast Asia event risk include Malaysian and Singapore CPI.

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AUD/USD Rate to Stay Afloat as RBA Refrains from Bond Purchases

The Reserve Bank of Australia (RBA) Minutes may keep AUD/USD afloat as the “the Bank has not purchased government bonds for some time.”

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Hang Seng Index Finds Support at 25,000 as China A-Shares Rebound

The Hang Seng Index has found support at 25,000 after a volatile week, though virus threats pose risks ahead. FTSE China A50 index consolidates above 15,000.

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NZD/USD, NZD/JPY May Wilt as Covid-19 Concerns Halt Trans-Tasman Bubble

The NZD/USD and NZD/JPY exchange rates may break lower as surging coronavirus cases in Australia threaten the implementation of the Trans-Tasman travel bubble.

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