US Dollar Rallying as Gold Pukes; Here Comes the Fed – The Macro Setup
After a stronger than expected US jobs report, Fed rate hike odds have jumped, bolstering the US Dollar and sending precious metals spiraling lower.
Euro Price Forecast: EUR/USD Plummets Towards Support at 2021 Low
An eight-day sell-off has Euro approaching key support at the objective yearly low with US inflation data on tap. The levels that matter on the EUR/USD weekly chart.
FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Jun 17, 2021 when FTSE 100 traded near 7,162.90.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
USD/CAD Post-NFP Rally Vulnerable to Slowdown in US CPI
The update to the US Consumer Price Index (CPI) may undermine the recent advance in USD/CAD as inflation is expected to slow down for the first time in 2021.
USD/ZAR Outlook: U.S. Dollar and Delta Variant Factors Key for Rand
After a miserable week last week for rand bulls, focus shifts to U.S. CPI data tomorrow for further guidance on USD/ZAR.
USD Bulls Stalling, GBP Buyers Step in, Risks Rising for CHF – COT Report
USD bulls begin to stall. Pound sees broad demand, risks rise for CHF.
EUR/USD Tumbles Into Multi-Month Support After German ZEW Data Disappoints
The latest ZEW economic sentiment data has pushed EUR/USD back towards multi-month lows with little near-term support seen.
DAX 30 Rejected Again at 15,800; ZEW Sentiment Slumps on Gloomy Outlook
The DAX 30 struggles to build demand as sentiment sours on rising Delta variant in the US and China
British Pound (GBP) Price Outlook: GBP/USD Still Edging Lower as USD Rises
A modestly firmer US Dollar continues to be the main driver of GBP/USD, with speculation that the Federal Reserve will taper US monetary policy earlier than previously expected helping the…
Australian Dollar May Drop After AUD/USD Completes Wedge Pattern
The Australian Dollar may be set to fall against its US counterpart after prices completed a bearish Rising Wedge pattern, setting the stage for the longer-term downtrend to resume.