Gold Price Forecast: Monotony Continues in XAU/USD as Focus on NFP Increases
Gold is once again trapped in a tight range as Fed members point to job market for guidance
AUD/JPY IG Client Sentiment: Our data shows traders are now net-long AUD/JPY for the first time since Jul 22, 2021 when AUD/JPY traded near 81.31.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.
New Zealand Dollar (NZD) Rallies Hard as Rate Hike Expectations Jump Further
The Reserve Bank of New Zealand is now fully expected to begin increasing interest rates in mid-August, boosting the appeal of the New Zealand dollar.
British Pound (GBP) Price Outlook: GBP/USD Edging Higher Ahead of BoE
GBP/USD is extending its recent advance that began two weeks ago, and will likely challenge the 1.40 level if the Bank of England hints at tighter monetary policy Thursday.
US Dollar at the Mercy of Economic Data, ADP Jobs Report in View
The US Dollar faces closely-watched economic data as the markets try to discern whether the Fed can make a case for scaling back stimulus. The ADP jobs report is next…
Crude Oil Prices Eyeing $70 Amid Viral Concerns, Small Stockpiles Draw
WTI crude oil prices are hovering below $71/bbl as traders mull the Covid-19 flareup around the world and its ramifications for energy demand. API reported a smaller-than-expected draw in crude…
Natural Gas Outlook: Warms Conditions Persist in the US and Europe, Gains Ahead?
Natural gas continues to look higher, as hot weather and drought conditions across the United States and Europe, help fuel the already strong demand narrative for the commodity.
Dow Jones Rebound May Lift APAC Stocks, Alibaba Earnings Miss
Wall Street stocks ended higher on Tuesday amid robust US earnings and infrastructure hopes. Asia-Pacific markets followed higher on Wednesday despite regulatory concerns and Alibaba’s earnings miss.
AUD/USD Analysis: Aussie Dollar Points Higher After Strong Chinese PMI Data
AUD/USD has been under pressure of late due to Covid lockdowns in Australia. Strong economic data from China may reverse that trend.
Japanese Yen Analysis: USD/JPY, AUD/JPY at Risk as Retail Traders Boost Long Bets
The Japanese Yen could rise against the US Dollar and Australian Dollar as retail investors increase upside exposure in USD/JPY and AUD/JPY. What are key technical levels to watch?