Crude Oil and Iron Ore Prices in Tailspin as Covid Seen Damaging China’s Growth
Crude oil and iron ore prices appear to be in a tailspin as the Delta Covid variant is forecasted to put the brakes on the Chinese economy as cases grow.
Gold and Silver Prices Rebound After Big Drop. Are More Gains Ahead?
Gold and silver prices rebounded after falling sharply over the last two days, enticing bargain-hunters. A “Double Top” chart pattern on gold’s chart hints that the overall trend may still…
Canadian Dollar Analysis, Tough Road Ahead? USD/CAD, AUD/CAD, NZD/CAD, GBP/CAD
The Canadian Dollar seems to be sitting at 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?
Dow Jones Retreats amid Growth Concerns, Hang Seng Opens Higher
The cyclically-oriented sector led the decline on Wall Street on Monday amid lingering viral concerns and falling crude oil prices. The US Dollar extended higher after a strong NFP. Asia-Pacific…
Copper Analysis: Inflection Point Incoming, Major Support Test Looms
Copper looks set to retest an ascending trendline from March 2020. A slowing Chinese economy is weighing on sentiment amid the spreading Delta Covid variant.
NZD/USD May Weaken as Goldman Sachs Downgrades Chinese Growth Outlook
The New Zealand Dollar fell overnight against the US Dollar as Covid and Chinese economic downgrades weighed on sentiment.
Bitcoin Forecast: Infrastructure Amendment Validates Crypto
Bitcoin price action is ripping higher with BTC/USD now up nearly 60% off its recent swing low. The digital asset infrastructure bill amendment serves as the latest bullish catalyst for…
USD/MXN Crawls Higher Ahead of U.S. CPI Data & Banxico’s Rate Decision
USD/MXN could gain momentum and charge higher in the coming days if US inflation data surprises to the upside and reinforces expectations of an early tapering of stimulus.
Canadian Dollar Technical Analysis: Slumping Oil Weighs Down the Loonie – Setups in CAD/JPY, USD/CAD
USD/CAD rates have been boosted by sagging crude oil prices and rising Fed rate hike odds. CAD/JPY rates are proving more stable despite the headwinds.
Euro Technical Analysis: EUR/USD, EUR/JPY, EUR/AUD, EUR/GBP
EUR/USD has started to test a critically important zone of support. Meanwhile, EUR/JPY hangs on the precipice of what could be a steep fall.