AUD May Erase Gains Amid US-China Tension After Tech Stocks Cratered

The Australian Dollar may retrace some of its recent gains as US-China tensions heat up following a gloomy session in Wall Street trade amid a decline in technology stocks.

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S&P 500 Slips, Nasdaq Tumbles as Stocks Wince at Jobless Claims

Stocks traded lower on Thursday, earmarked by a 2.7% drop in the Nasdaq and 1.2% decline in the S&P 500 measured by e-mini futures prices, as investors react to rising jobless claims data.

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Central Bank Watch: BOC on Hold; RBA's Yield Curve Control; RBNZ's Negative Interest Rates

As their economies have handled the coronavirus pandemic well thus far, the trio of central banks associated with the Australian, Canadian, and New Zealand Dollars are in a holding pattern.

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Canadian Dollar Price Outlook: USD/CAD Breaks the Range

After building into a range that held for more than a month, USD/CAD bears were on the prowl this week.

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USD Price Outlook: US Dollar Nosedives Ahead of Markit PMI Data

Another push lower by USD bears has blown past critical technical support levels, sending the broader US Dollar into negative territory year-to-date, and leaving the ‘King Dollar’ title in jeopardy...

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EUR/JPY Price Outlook: EURJPY Nearing 2020 High, RSI Overbought

EUR/JPY trades near the 2020 high as the pair looks to test 124.45 resistance. RSI is currently overbought and may produce headwinds for further bullish momentum

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Yen Price Forecast: USD/JPY, AUD/JPY, CAD/JPY Charts & More

The Japanese Yen has surrendered gains notched earlier this year as safe-haven demand dissipates, but JPY price action looks constructive against its US Dollar peer despite potential for further we...

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S&P 500 Forecast: Tesla Profitability Sees Stock Set for Index Inclusion

Four consecutive quarters of profitability has made Tesla eligible for inclusion in the S&P 500, even as the stock exhibits bubble-like symptoms. Elsewhere, a Microsoft beat could boost the Nasdaq.

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AUD/USD Price Forecast: Indecision Weighs in on Market Participants

Aussie bulls may run out of gas as price approaches new level of resistance. How will Q3 play out for AUD/USD?

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USD/CAD Sell-Off Continues, Focus Now on Multi-Month Low

The Canadian dollar continues to outperform its US counterpart, pushing USD/CAD down to levels last seen in March this year. This trend remains intact but warning lights are flashing.

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US Dollar, Gold, Silver Price Analysis: Cross Asset Correlation

Cross-Asset Correlations elevated as liquidity remains rife. Prevailing trends to persist as volatility drifts lower.

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British Pound (GBP) Outlook: Further Gains Likely for GBP/USD

GBP/USD continues to trend higher, largely on the persistent weakness of the US Dollar, with few signs yet of a pullback after the pair’s recent gains.

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Gold Prices Eye Record High, Rising with Stocks as the Dollar Falls

Gold prices look poised to challenge the record high above the $1900/oz figure. The metal is up alongside stocks while the haven US Dollar sinks.

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DAX 30 Stock Index Stalling at Yearly Open as German Bunds Test Key Resistance

The DAX 30 stock market index could be at risk of a short-term pullback as Germany’s 10-Year Bunds attempt to break through a pivotal inflection point.

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EUR/USD Rally Pushes RSI Into Overbought Zone for Third Time in 2020

EUR/USD trades to a fresh 2020 high (1.1602), with the appreciation in the exchange rate pushing the RSI into overbought territory for the third time in 2020.

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ASX 200 May Fall on Increasing Cases of Covid-19, Escalating US-Sino Tensions

The ASX 200 stock index continues to struggle at key resistance as rising cases of Covid-19 and escalating US-Sino tensions sour investor sentiment.

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Dow Jones Back to 27,000, Hang Seng Weighed by US-China Tension

The Dow Jones Index climbed to 27,000 on upbeat earnings. The Hang Seng Index fell after the US ordered a closure of China’s Houston consulate. The Offshore Yuan is under pressure.

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NZD/USD Rate Approaches 2020 High as Net Short Exposure Persists

NZD/USD appears to be on track to test the 2020 high (0.6733), with the RSI flirting with overbought territory amid the crowding behavior in the US Dollar.

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Yen Price Forecast: USD/JPY, AUD/JPY, CAD/JPY Charts & More

The Japanese Yen has surrendered gains notched earlier this year as safe-haven demand dissipates, but JPY price action looks constructive against its US Dollar peer despite potential for further we...

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Australian Dollar Outlook Bullish After AUD/USD Crossed Key Threshold

The Australian Dollar may extend its gains versus the USD as market optimism continues to punish havens and put a premium on risk-oriented assets.

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