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US Dollar Outlook: NFP Report Set to Sway Fed Taper Timeline

Posted by By 05/08/2021Posted inForex
The US Dollar is in the hot seat with outlook for USD price action hinging largely on the upcoming release of monthly nonfarm payrolls data and its potential to impact…
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Brazilian Real Fails to Capitalize on Copom’s Hawkish Hike, USD/BRL Drifts Higher

Posted by By 05/08/2021Posted inForex
The Brazilian real fails to take advantage of the aggressive tightening cycle undertaken by Brazil's central bank, as fiscal concerns dent sentiment and drive demand for US dollars.
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Gold Price Forecast: Bulls Can’t Quite Gain Control – Levels for XAU/USD

Posted by By 05/08/2021Posted inForex
Gold prices haven’t been able to clear significant technical resistance despite an extremely strong fundamental tailwind.
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NZD/USD Rate Defends August Rally Ahead of US NFP Report

Posted by By 05/08/2021Posted inForex
NZD/USD defends the rally following the better-than-expected New Zealand Employment report even as Federal Reserve officials show a greater willingness to switch gears.
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Japanese Yen Outlook: USD/JPY Rebound Eyes Resistance into NFP

Posted by By 05/08/2021Posted inForex
A defense of key support early in the week has USD/JPY eyeing resistance at the July trendline heading into NFP tomorrow. The levels that matter on the technical charts.
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US Dollar’s Fate May Be Sealed; US NFP Around the Corner – The Macro Setup

Posted by By 05/08/2021Posted inForex
Does the July US nonfarm payrolls report matter for the US Dollar - or will it not be enough?
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US Dollar Pre-NFP Price Action Setups: EUR/USD, GBP/USD, USD/CAD

Posted by By 05/08/2021Posted inForex
The US Dollar is holding on to a gain for the week, and tomorrow brings the big one with the release of July Non-farm Payrolls.
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Oil Price Eyes July Low as Bearish Price Series Remains Intact

Posted by By 05/08/2021Posted inForex
Recent price action casts a bearish outlook for the price of oil as it extends the series of lower highs and lows from the start of the week.
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Dow Jones Industrial Average Technical Outlook Remains Positive

Posted by By 05/08/2021Posted inForex
The Dow is consolidating and looks poised to break out to a new record high soon.
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Gold Price Outlook: Technicals, Volatility & USD May Align for a Rally

Posted by By 05/08/2021Posted inForex
Gold remains in a tightening range, but there is reason to believe that at some point there will be upside resolution.
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