Tuesday, 1 June 2021

Canadian Dollar Outlook - USD/CAD Continues to Threaten Support as Oil Prices Jump

USD/CAD is stuck at the bottom of its recent trading range and support may soon crumble if oil prices continue their recent strong rally

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US Dollar Shorts Grow as EUR/USD, GBP/USD Sentiment Improves - COT Report

USD shorts rise for 6th consecutive week. Euro sentiment improves, however, US data to dictate trend.

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Positive Market Sentiment Lifting Gold, Crude Oil and Stock Prices | Webinar

Trader confidence remains high, with gold, oil, stocks and ‘risk-on’ currencies like the Canadian Dollar all benefiting.

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Euro Latest: EUR/USD in Critical Zone, Muted Reaction to EU CPI

EUR/USD trading within key zone, trend likely established by the end of the week.

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DAX 30 Pushes to Record High as Unemployment Falls in Germany

Germany is set to ease covid-19 restrictions as infection rates fall, improving the economic outlook for the summer

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British Pound (GBP) Price Outlook: GBP/USD Still Firm After Touching Three-Year High

Sterling ‘s strong rally that has taken it to its highest level since April 2018 shows no sign of running out of steam just yet, although there could be some consolidation first.

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Euro May Fall as CPI Data Sustains Dovish ECB, Dollar Eyes ISM

The Euro may fall if a pickup in inflation proves inadequate to inspire a rethink of ultra-dovish ECB policy. The US Dollar looks the ISM manufacturing survey for a lifeline.

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Monday, 31 May 2021

Gold Prices Rise to 4-Month High, Crude Oil Surges Before OPEC+ Meeting

Gold prices climbed to a fresh 4-month high, backed by a softening US Dollar and demand for inflation-hedge assets. Traders are eyeing an OPEC+ meeting after the oil cartel pointed to tight market ...

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Australian Dollar Down as the RBA Rules Out Rate Hikes Until 2024

The Australian Dollar fell as the RBA struck a dovish tone with June's monetary policy update, signaling rate hikes are unlikely at least until 2024.

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Nasdaq 100 Futures Lead Nikkei 225, ASX 200 Lower, RBA Rate Decision in Focus

The Nasdaq 100 futures traded lower during Tuesday’s morning session, setting a sour tone for the Asia-Pacific markets. Traders are eyeing the RBA interest rate decision and an OPEC+ meeting today.

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Stock Market Forecast for the Week Ahead: The Summer Doldrums Approach

Seasonality may work to slow stock market price action as a drawdown in volume and volatility seep into the market. The major indices have already begun to show symptoms of range-bound price action.

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Australian Dollar Forecast: AUD/USD May Wilt on RBA, Falling Iron Ore Prices

The Australian Dollar may struggle as the RBA further hints at rolling the yield target to the November 2024 bond. AUD/USD remains vulnerable to falling copper and iron ore prices.

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Bitcoin (BTC), Ethereum (ETH), Alt-Coins - Beware of Weekend Volatility

The 24/7 cryptocurrency market needs to monitored closely over the coming long weekend with volatility levels still high

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Gold Forecast Bright on Weak USD; Silver Eyes Multi-Year High

Gold price action advanced for its fourth-week straight as silver soared to multi-year highs thanks to a stubbornly weak US Dollar. Will gold and silver prices rise further or will Fed hawks stymie...

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EUR/USD Forecast: Euro Traders Remain Cautious Ahead of German CPI

Euro wavers as traders await upcoming inflationary data, while an established short-term directional bias on EUR/USD could present itself post announcements.

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Weekly Fundamental US Dollar Forecast: Inflation Fears Linger; May US NFP Due Friday

The ongoing erosion of US real yields, thanks to rising inflation expectations and stagnant US Treasuries, has proved to be a negative influence on US Dollar.

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Euro Forecast: EUR/USD Price Outlook Positive, Well Placed For More Gains

EUR/USD remains in an uptrend and is in a good position to reach the 1.23 level and then new highs for the year to date as the Eurozone economy improves and coronavirus cases drop.

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Gold Price Outlook: XAU/USD Advance at Critical Juncture

Gold prices continue to surge as treasury yields, real yields and the US dollar dip but the ‘oversold’ metal remains vulnerable to a potential slow-down.

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GBP/USD Weekly Forecast: BoE Hawks vs UK Reopening Concerns

GBP/USD on the front foot to close the week. Bulls aim for YTD peak, while EUR/GBP range is maintained.

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Sunday, 30 May 2021

Crude Oil Prices Eye Key Chart Resistance with OPEC+ Meeting in Focus

Crude oil prices are hovering near a key chart resistance as traders await an OPEC+ meeting scheduled on June 1st. Iranian sanctions remain a wildcard as nuclear talks may cloud the supply outlook.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...