What do the non-major EUR-crosses tell us about market sentiment?
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Wednesday, 23 June 2021
British Pound (GBP) Price Outlook: GBP/USD to Benefit from UK PMIs
GBP/USD continues to edge higher ahead of Thursday’s announcement by the Bank of England’s monetary policy committee and could touch 1.40 after broadly positive UK PMI data.
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S&P 500 Forecast: U.S. Tech Stocks Gain as Powell Appeases Markets
This week has been positive for the S&P 500 and U.S. equities in general with additional stimulus coming from Fed speakers downplaying inflationary pressure and easing hype around last weeks hawkis...
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Australian Dollar Price Outlook: AUD/USD Attempts Recovery Above 0.7555
AUD/USD attempts to hold gains above 0.7555 as momentum consolidates
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Gold Price Outlook - Tepid Recovery Off Important Support Remains Under Pressure
Gold bounced off an important support level at the end of last week but the pull-back remains unconvincing
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Euro Latest: EUR/USD Upside Faces Tough Resistance, PMIs Mixed
Hurdles remain for EUR/USD. Euro Area PMIs unlikely to alter the outlook for EUR/USD.
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Tuesday, 22 June 2021
Crude Oil Prices Climb as OPEC+ Plans August Output Hikes, Stockpiles Fall
Crude oil prices traded higher on recovery optimism as OPEC+ planned to further lift production cuts in August to meet rising fuel demand. API reported a larger-than-expected fall in crude inventor...
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Natural Gas Forecast: Prices Rise as US Heat Wave Drives Demand Narrative
Natural gas prices have recaptured a key trendline after a major heatwave sent energy demand in the United States soaring.
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Dow Jones May Lead Nikkei 225 Higher as Tapering Fears Ease
Wall Street stocks welcomed Fed Chair Jerome Powell’s dovish speech and closed higher. The Nasdaq 100 hit an all-time high. Asia-Pacific markets may follow a positive lead. The US Dollar retreated.
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Australian Dollar Forecast: Flash PMIs Ease With RBA Talks in Focus
The Australian Dollar's rebound may have gained another tailwind after a positive flash PMI report from IHS Markit, although the readings eased from May. RBA Assistant Governor Ellis will speak today.
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US Dollar Outlook: DXY Slides During Powell's Fed Testimony
The DXY Index hits session lows as the US Dollar slips broadly with Fed Chair Powell vowing to not preemptively raise interest rates at his congressional testimony.
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Bitcoin (BTC/USD) Breaches, Reclaims $30k in a Wild Day for Crypto
Bitcoin (BTC/USD) prices plummeted through 30k for the first time since January, but bulls reacted in a big way as BTC has went green on the day.
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Stock Market Forecast: Amazon's Prime Day is Making Retailer History
Amazon is making history with its Prime Day event that has seen company sales surpass totals tallied on Black Friday and Cyber Monday combined. Can Amazon reel in massive profits again this year?
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Gold Price Forecast: Is XAU/USD at Risk of Further Losses?
Gold suffered a cataclysmic breakdown last week following the June FOMC meeting and has been unable to arrest the decline. With key support broken and Dollar strength on the horizon, gold could suf...
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The Most Volatile Currency Pairs and How to Trade Them
Find out what currency pairs may show the most volatility, and how you can tailor your strategy to capitalize on market volatility.
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US Dollar Technical Analysis: USD Grasps for Higher-Low Support
The US Dollar put in an aggressive spike last week. And so far this week, that strength has largely remained. Powell is on deck, ahead of a chorus of Fed speakers this week.
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Find Your Forex Entry Point: 3 Entry Strategies To Try
Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.
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USD/CAD to Stage Larger Correction on Another Overbought RSI Reading
USD/CAD may stage a larger correction over the remainder of the month as the Relative Strength Index (RSI) appears to be on track to indicate another overbought reading.
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EUR/GBP Price Action Set-Ups Ahead of BoE Rate Decision
The EUR/GBP currency pair continues to consolidate near the lower end of the trading range ahead of UK PMI data and BoE rate decision
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....