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Nasdaq 100 Index Forecast: Eyeing 15,300 With Upward Trajectory Still Intact

Posted by By 08/08/2021Posted inForex
The Nasdaq 100 index may be challenging a key resistance level at 15,300 this week amid an upward trend. The MACD indicator edged lower however, suggesting that momentum may be…
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US Dollar Technical Outlook: DXY Breakout or Fake-out?

Posted by By 08/08/2021Posted inForex
The US Dollar rebound may be short lived as price continues to hold technical resistance- looking for inflection ahead. The levels that matter on the DXY weekly chart.
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Mexican Peso Weekly Forecast: USD/MXN on the Lookout for Banxico Meeting and Fed Commentary Post NFP

Posted by By 08/08/2021Posted inForex
USD/MXN finds strong resistance at 20.00 as sellers attempt to gather momentum
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AUD/USD Decline Following US NFP Report Brings July Low in Focus

Posted by By 08/08/2021Posted inForex
AUD/USD may test the July low (0.7289) following the US Non-Farm Payrolls (NFP) as the exchange rate gives back the advance from the start of the month.
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Euro Forecast: EUR/USD Likely to Hold its Ground in Week Ahead

Posted by By 07/08/2021Posted inForex
The Euro is currently being pulled one way by a growing Eurozone economy and the other by a dovish ECB. The result is likely to be opportunities to trade the…
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GBP/USD Technical Forecast: Waiting on Resolution of Sideways Grind

Posted by By 07/08/2021Posted inForex
Cable’s sideways movement is taking the shape of a short-term wedge; it could help dictate the direction early next week.
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Canadian Dollar Forecast: The Stars Align for More USD/CAD Strength

Posted by By 07/08/2021Posted inForex
The Canadian dollar could remain on the back foot in the near term as strong U.S. jobs data fuels speculation of an earlier-than-expected Fed tapering announcement.
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Gold Fundamental Forecast: XAU/USD Eyes CPI After NFP Plunge

Posted by By 07/08/2021Posted inForex
Gold prices plunged lower after a hotter-than-expected NFP report bolstered the US Dollar and Fed rate hike bets. The yellow metal turns its focus to CPI figures.
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Weekly Fundamental US Dollar Forecast: Will Inflation Propel US Dollar after the Strong July NFP?

Posted by By 07/08/2021Posted inForex
The US Dollar (via the DXY Index) has rallied after the July US nonfarm payrolls report on the back of elevated US Treasury yields and a jump in Fed rate…
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Bitcoin (BTC), Ethereum (ETH) Looking To Push Higher as Support Levels Hold

Posted by By 07/08/2021Posted inForex
The crypto market is pushing higher going into the weekend with Bitcoin eyeing a cluster of prior highs that�are currently�acting�as overhead resistance.
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