New Zealand Dollar Forecast: NZD/USD Balancing Covid Risks as RBNZ Approaches

The New Zealand Dollar is off to an upbeat start against the US Dollar after a down week. Rising Covid cases in Australia and the RBNZ meeting later this week are likely to influence price action.

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Markets Week Ahead: USD/JPY, Euro, Dow, Oil, BoC, RBNZ, Inflation, Earnings

Markets experienced some turbulence last week as freefalling bond yields concerned investors and fueled an unwind of the reflation trade. Will volatility continue in the week ahead?

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S&P 500 and FTSE 100 Forecasts for the Week Ahead

Fresh record highs for the S&P 500 as falling bond yields prompt growth stocks to outperform. FTSE 100 consolidates.

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Gold Forecast: Depressed Real Yields and Delta Variant Worries May Boost Bullion Prices

Gold prices may have some short-term upside potential, supported by depressed real yields in the U.S., concerns about the Covid-19 delta variant and China's slowing economy.

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Canadian Dollar Forecast: USD/CAD, CAD/JPY Due for Volatility

Canadian Dollar price action looks ripe for volatility this coming week with USD/CAD and CAD/JPY hinging on event risk posed by the BoC rate decision, BoJ update, US inflation data, and OPEC+ talks.

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Weekly Fundamental US Dollar Forecast: Will Hot Inflation Spark US Yields Again?

The US Dollar (via the DXY Index) has dropped back as the calendar moved into mid-July on the back of declining Fed rate hike expectations and collapsing US Treasury yields.

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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.

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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

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Copper Price Forecast: Technicals Stabilizing, Fundamentals in Question

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

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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.”

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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