Australian Dollar Fundamental Forecast: AUD/USD Rebounds as Bond Yields Recover

The Australian Dollar faces a tough short-term outlook, with the risk-sensitive currency facing a questionable economic recovery as the Delta variant continues to rip through the world.

from DailyFX - Market News https://ift.tt/3wvrwJ8
via IFTTT

Bitcoin (BTC), Ethereum (ETH) Waiting For a Shot of Volatility, Elon Musk Backs Dogecoin, Again

The cryptocurrency market continues to crab sideways as bulls and bears battle for dominance. Both BTC and ETH need a volatility boost to break lethargic market conditions

from DailyFX - Market News https://ift.tt/2TYDiOJ
via IFTTT

Copper Price Forecast: Technicals Stabilizing, Fundamentals in Question

Copper prices have almost staged a meaningful recovery in July. Just not quite yet.

from DailyFX - Market News https://ift.tt/3yFIIwJ
via IFTTT

British Pound Outlook Hinges on UK CPI, Employment Report

Fresh data prints coming out of the UK are likely to sway the near-term outlook for GBP/USD as BoE Governor Bailey insists that the “economy is bouncing back rapidly.”

from DailyFX - Market News https://ift.tt/3AMkCm8
via IFTTT

DiDi, U.S. Treasury Yields & OPEC+ – FinTwit Trends to Watch

FinTwit is gathering steam these past few weeks as market trends continue to intensify. This week Chinese ride service firm DiDi, U.S. treasury yields and OPEC+ disagreements are dominating headlines.

from DailyFX - Market News https://ift.tt/3wp0CT2
via IFTTT

Euro Forecast: EUR/USD Rebound Generates RSI Buy Signal

Recent developments in the Relative Strength Index (RSI) indicate a larger rebound in EUR/USD as the oscillator pushes back above 30 to offer a textbook buy signal.

from DailyFX - Market News https://ift.tt/3ws40fN
via IFTTT

USD/CAD Drops, CAD/JPY Climbs on Mixed Canadian Jobs Report

The Canadian Dollar is staging a nice rebound during early Friday trade with the Loonie stronger against the US Dollar and Japanese Yen as USD/CAD and CAD/JPY react to the latest employment data.

from DailyFX - Market News https://ift.tt/2UziMo3
via IFTTT

NZD/USD Price Outlook: Trading Range Develops Ahead of RNBZ Rate Decision

The Kiwi Dollar looks to have settled into a trading range ahead of the RNBZ rate announcement next week where no change to the rate is expected

from DailyFX - Market News https://ift.tt/3e0JfSl
via IFTTT

South African Rand Dollar Price Forecast: USD/ZAR Poised for Bullish Breakout?

The South African Rand remains resilient against the US Dollar as price action remains suppressed at major resistance.

from DailyFX - Market News https://ift.tt/3yKw1B3
via IFTTT

Chinese Yuan (CNH) Sees Muted Reaction Following PBoC Rate Cut

As widely touted, the PboC announces a 50bps rate cut. USD/CNH tests 6.5000.

from DailyFX - Market News https://ift.tt/3xp67Cx
via IFTTT

Gold Price (XAU/USD) Struggling to Break Meaningfully Higher

Gold’s recent move higher is coming under pressure and the near-term outlook may turn negative if short-term trend support fails.

from DailyFX - Market News https://ift.tt/3jZM3CT
via IFTTT

British Pound Down on Soft UK GDP Data. Is GBP/USD Topping?

The British Pound fell as May’s UK GDP report fell short of expectations, reinforcing a recent dovish shift in Bank of England policy bets. GBP/USD may be forming a major top.

from DailyFX - Market News https://ift.tt/2Vtj7sV
via IFTTT

Iron Ore to Rise Further as US Infrastructure Deal Aids Recovery Outlook: Q3 Top Trading Opportunities

Iron ore prices look primed to rise further in Q3 as a developing US infrastructure plan underpins an already bright outlook amid a global recovery.

from DailyFX - Market News https://ift.tt/2TRj3CD
via IFTTT

AUD/USD Bears May Remain In Control as Chinese CPI Disappoints

AUD/USD remains under pressure as commodities retreat. Fed hawkishness spurs further gains for USD as China looks set for additional easing.

from DailyFX - Market News https://ift.tt/3i6Q06n
via IFTTT

Dow Jones Retreats as Sentiment Sours, Will Hang Seng Index Follow?

Wall Street stocks pulled back broadly on Thursday as viral concerns casted a shadow over the growth outlook. 10-year Treasury yields fell to a 4-month low as reflation hopes faded, setting a sour ...

from DailyFX - Market News https://ift.tt/3wte2gL
via IFTTT

Australian Dollar Forecast: Risk Aversion Hammers AUD/USD, Chinese Inflation Eyed

Risk aversion swept through markets overnight, driving Treasury yields lower and dragging the risk-sensitive Australian Dollar down. Traders are watching Chinese inflation figures to cross the wires.

from DailyFX - Market News https://ift.tt/3AEuA97
via IFTTT

Mexico’s High Inflation Opens Door to More Rate Hikes, Mexican Peso Outlook Brightens

Banxico may have to raise interest rates several times in the second half of the year to combat elevated inflation. Tighter monetary policy is likely to support the Mexican peso.

from DailyFX - Market News https://ift.tt/3jY7Mer
via IFTTT

The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.

from DailyFX - Market News https://ift.tt/3mk0EXh
via IFTTT

Oil Price Rebound Emerges as US Inventories Contract for Eighth Week

The price of oil extends the rebound from the weekly low ($70.76) as US inventories contract for eight consecutive weeks.

from DailyFX - Market News https://ift.tt/3dU73Hi
via IFTTT

Central Bank Watch: BOE & ECB Interest Rate Expectations Update

The ECB’s July meeting is set to convene in two weeks, coming on the heels of its 18-month policy review that concluded on Thursday.

from DailyFX - Market News https://ift.tt/2UzbMqY
via IFTTT