US Dollar Analysis: EUR/USD, AUD/USD, NZD/USD Outlook

The US Dollar could be encountering key crossing points versus the Euro, Australian and New Zealand Dollars. What are traders looking out for?

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S&P 500 Surges Despite Weaker ADP. Nikkei 225, Hang Seng May Rise

The S&P 500 index jumped 1.54% to a record high of 3,580, despite of a weaker-than-expected ADP job report. Japan’s Nikkei 225 index and Hong Kong’s Hang Seng Index may rise.

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New Zealand Dollar May Extend Climb Amid Easing Covid-19 Restrictions

The New Zealand Dollar may extend its climb higher despite an ultra-dovish RBNZ, as Covid-19 lockdown measures ease in New Zealand’s largest city.

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EUR/USD Outlook: RSI Reverses from Trendline Resistance Ahead of NFP

EUR/USD may face a larger pullback ahead of the US NFP report as the RSI reverses from trendline resistance to preserve the bearish formation established in August.

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AUD/NZD Retests 5-Year Inflection Point. Biden-Trump Spread Widens

AUD/NZD suffered its biggest one-day decline since March and is now retesting a key inflection point. The latest polls show a widening Biden-Trump spread – but there’s a caveat.

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Australian Dollar Price Forecast: AUD/JPY Eyes Bullish Continuation

Continued risk appetite has allowed the Australian Dollar to make headway against the Japanese Yen, staging a bullish break out above horizontal resistance. Here are the levels to watch.

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Gold Outlook: XAU/USD Price Action Probes Big Support Zone

Gold edged lower during Wednesday’s trading session as the US Dollar climbed and weighed negatively on XAU/USD price action, but the precious metal looks supported by a major technical level.

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US Dollar Price Forecast: USD Bounce Runs into ST Resistance

The US Dollar has finally found some element of support. The big question now is whether it can hold into the Friday NFP report.

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Canadian Dollar Price Forecast: USD/CAD Tests Key Fibonacci Support

After eight consecutive weeks of gains, Loonie loses momentum after falling into key Fibonacci support

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ZAR Momentum Halted by Resurgent USD, JSE Top 40

The US dollar climbed back above 92.50, which has lifted USD/ZAR while the JSE Top 40 trades higher after yesterday’s bullish move.

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EUR/GBP Price Outlook: Support Broken as Euro Weakness Weighs Further

The ECB is becoming more concerned by a lack of price pressures, undermining the single currency, and sending EUR/GBP to a near three-month low.

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Crude Oil Prices May Not Capitalize on Draining US Inventories

Crude oil price may struggle to capitalize on EIA data showing another drawdown from US inventories last week as soft demand offsets production drop.

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FTSE 100 Bounces Off Support on Sterling Weakness and Risk-on Sentiment but Client Positioning Remains Heavily Crowded

The FTSE 100 has bounced back into its multi-week trading range, aided by a weaker Sterling and a robust bounce back in UK house prices. Bank of England and EU/UK trade commentary later in the sess...

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British Pound (GBP) Latest: GBP/USD Backs Off 1.35, May Try Again

GBP/USD has fallen back after almost touching psychological resistance at 1.35 Tuesday but remains well placed to challenge that level again, perhaps later this week.

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US Dollar Outlook: Congress Stimulus Bill Impasse May Fuel USD Recovery

The under-fire US Dollar may stage a recovery as the stalemate between Republicans and Democrats prolongs the delivery of much-needed fiscal stimulus.

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Gold Prices to Watch as RSI Rebounds From Lowest Reading Since June

The RSI may help to validate a continuation pattern in the price of gold as the indicator appears to be bouncing back from its lowest reading since June.

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Australian Dollar Spiked Lower as Australia Enters First Recession in 29 Years

The Australian Dollar spike lower after second quarter GDP confirmed the country had entered its first recession in almost 30 years.

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Dow Jones Climbs on Strong ISM Data, ASX 200 Eyes GDP Figure

The Dow Jones Industrial Average climbed 0.76% after the release of an upbeat ISM Manufacturing PMI reading. Australia’s ASX 200 Index fluctuated ahead of the 2Q GDP figure.

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USD/CAD Rate Eyes January Low as RSI Flirts with Oversold Territory

USD/CAD appears to be on track to test the January low (1.2957) as the Relative Strength Index (RSI) flirts with oversold territory.

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