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Crude Oil Prices Fall on Small Stockpiles Draw, Lingering Viral Concerns

Posted by By 11/08/2021Posted inForex
WTI crude oil prices fell to $68/bbl after API posted a smaller-than-expected draw in crude inventories. China reported 111 new Covid-19 cases on Tuesday as the Delta variant put the…
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Canadian Dollar Analysis: Tough Road Ahead? USD/CAD, AUD/CAD, NZD/CAD, GBP/CAD

Posted by By 11/08/2021Posted inForex
The Canadian Dollar seems to be sitting in a tough spot against some of its major peers. What is the technical road ahead for USD/CAD, AUD/CAD, NZD/CAD and GBP/CAD?
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Gold Price Forecast: Rebound Chances Dwindle as Taper Talk Bets Mount

Posted by By 11/08/2021Posted inForex
Gold prices face long odds for a rebound as Fed taper talks solidify, pushing real rates higher. Bulls face a tough technical picture as well.
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Dow Jones, S&P 500 Forecast: Bullish Contrarian Trading Bias Remains in Focus

Posted by By 11/08/2021Posted 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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Nasdaq 100 Pulls Back Ahead of CPI Data, Asia-Pacific to Open Mixed

Posted by By 11/08/2021Posted inForex
The tech-heavy Nasdaq 100 led the decline while energy stocks rebounded on Wall Street, setting a mixed tone for APAC markets. Traders are eyeing today’s US inflation data for clues…
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Bitcoin (BTC/USD) Ether (ETH/USD)Forecast: Crypto special after NFP’S

Posted by By 11/08/2021Posted inForex
Bitcoin (BTC) prices chase $45,000 ahead of economic turmoil
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Australian Dollar Outlook: AUD/USD Eyes Westpac Consumer Confidence

Posted by By 10/08/2021Posted inForex
The Australian Dollar is seeing a mild rebound following a Rising Wedge breakdown. AUD/USD may see volatility on Westpac consumer confidence due out today.
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US Dollar Outlook: Inflation Data Make-or-Break for DXY

Posted by By 10/08/2021Posted inForex
The US Dollar has advanced steadily versus key peers like the Euro and Yen over recent trading sessions. Will inflation data due for release fuel a bullish breakout or bearish…
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Mexican Peso Outlook: U.S. Inflation Data Could Lift Yields & the USD/MXN

Posted by By 10/08/2021Posted inForex
The USD/MXN recent rebound could gain momentum if July's US inflation data surprises to the upside and brings forward Fed tightening expectations.
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USD/JPY Outlook: Dollar Rally to Face Slowing US Inflation

Posted by By 10/08/2021Posted inForex
Fresh data prints coming out of the US may rattle the recent advance in USD/JPY as inflation is expected to slow for the first time in 2021.
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