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Canadian Dollar Forecast: USD/CAD Remains in The Clutches of The US Dollar

Posted by By 12/08/2021Posted inForex
USD/CAD is currently stuck in a low volatility rut and with little Canadian economic data of note released over the next few days, US dollar price action will determine the…
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Gold Price Forecast: XAU/USD Bulls to Face Critical Fibonacci Level

Posted by By 12/08/2021Posted inForex
Gold has been able to pick up some bullish momentum on the back of the latest US CPI data, but are buyers strong enough to break a key resistance?
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British Pound (GBP) Price Outlook: GBP/USD Stable After Strong UK GDP Data

Posted by By 12/08/2021Posted inForex
The UK economy grew by a huge 22.2% year/year in Q2, just above analysts' forecasts but not by enough to boost GBP/USD, which continues to trade sideways.
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US Dollar a Focal Point with USD/CHF Approaching Resistance Levels

Posted by By 12/08/2021Posted inForex
The US Dollar continues to consolidate after the US CPI release with central bank tapering a key determinant of future direction. As USD rises, CHF depreciation approaches important levels.
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Dow Jones, S&P 500 Forecast: Bullish Contrarian Trading Bias Remains in Focus

Posted by By 12/08/2021Posted inForex
The Dow Jones and S&P 500 may rise as retail investors bet to the downside, offering a bullish contrarian trading bias. Technical analysis seems to diverge with this conclusion.
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Crude Oil Prices Rise on Softer US Dollar Despite EIA Report Disappointment

Posted by By 12/08/2021Posted inForex
Crude oil prices are looking higher as the US Dollar's recent rally losses steam. The move higher comes despite a disappointing EIA inventory report. Traders turn to an upcoming oil…
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S&P 500 Hits All-Time Highs as Core CPI Moderates, Hang Seng to Open Higher

Posted by By 12/08/2021Posted inForex
The S&P 500 and Dow Jones indexes hit record highs on Wednesday as a moderated core CPI rate soothed tapering fears. The DXY US Dollar index pulled back slightly. Asia-Pacific…
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NZD/USD Wedge Breakout Back in Play as US Dollar Strength Cools

Posted by By 11/08/2021Posted inForex
NZD/USD is looking higher ahead of Australian and New Zealand inflation expectations. Meanwhile, China's credit conditions point to easing monetary support.
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Mexican Peso Outlook: USD/MXN at Risk as Traders Eye Another Banxico Rate Hike

Posted by By 11/08/2021Posted inForex
Banxico is seen hiking rates by 25bp to 4.50% tomorrow. As the move has been discounted, traders will be paying close attention to forward-guidance to determine the path of monetary…
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Cardano (ADA/USD) Explodes as the Crypto Comeback Continues

Posted by By 11/08/2021Posted inForex
Cardano has been well bid and the upcoming Alonzo hard fork may put the green cryptocurrency on a more equal footing with Ethereum.
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