Nasdaq 100 Record High Faces Resistance, AUD/USD Turns To RBA Next
While the Nasdaq 100 has hit a record high, futures show that key resistance has held. The Australian Dollar fell amid r... Read more
Gold Price Forecast: XAU/USD Threatens Bull Breakout, 2k In Sight
The Gold breakout theme has been running for a while now and as the yellow metal nears a first test of the 2k marker, th... Read more
US Dollar Index May Rise On Stagnating Coronavirus Relief Bill Talks
The US Dollar Index (DXY) looks poised for a short-term recovery as US policymakers fail to find common ground on unempl... Read more
JPY May Fall If PMI Data In Key Supply Chain Economies Brightens Outlook
The Japanese Yen may fall if PMI data out of key Asian supply chain economies points to regional stabilization despite a... Read more
EU Stoxx 50 Index Poised To Extend Declines Ahead Of Eurozone GDP Data
The EU Stoxx 50 index may extend declines on disappointing European GDP data after snapping key chart support. Read more
Australian Dollar Eyes Chinese Manufacturing Data After FAANG Earnings
The Australian Dollar may extend its rise if Chinese PMI data – after FAANG earnings – boosts the growth-sensitive c... Read more
Canadian Dollar Price Forecast: USD/CAD Pops Even As USD Drops
USD weakness has been pervasive in most major FX pairs, with this morning showing a notable exception in USD/CAD. Is the... Read more
Russell 2000, US Stocks May Rise Despite Dismal Q2 GDP Data
The Russell 2000 small-cap stock index looks poised to rise despite US GDP expected to contract the most since 1947, as ... Read more
Gold Price Forecast: XAU All-Time-Highs, More To Go?
It's been a bullish past couple of years for Gold and on Monday, that theme took on a new tone as Gold prices punched up... Read more
US Dollar Outlook: Long-Term USD Trends In Focus Ahead Of FOMC
The US Dollar could be poised for further losses after breaking through 6-year trend support, as focus turns to the FOMC... Read more
Nasdaq, S&P Outlook: FOMC Correction Potential As Hope Drives The Bid
In four months US equities markets have went from aggressively bearish to aggressively bullish, even as a global pandemi... Read more
S&P 500 Index Dictated By Coronavirus Relief Bill Talks, FOMC Rate Decision
The S&P 500 stock index may fall ahead of the Federal Reserve interest rate decision on July 29 as coronavirus relie... Read more
Mexican Peso Price Forecast: USD/MXN Drives Monthly Low, USD Smashed
As the US Dollar gets smashed to two-year-lows, USD/MXN crawls down to it's own monthly low. But with FOMC on deck, vola... Read more
IBEX 35, CAC 40 Stock Indexes May Fall As Covid-19 Fears Heat Up
Spain’s IBEX 35 stock index may extend declines after breaking its 4-month uptrend. France’s CAC 40 equities benchma... Read more
US Dollar Index Poised To Climb Higher On Escalating US-China Tensions
The US Dollar index seems poised to climb on escalating US-China tensions after Beijing asks for the closure of the US c... Read more