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Markets Week Ahead: Dow Jones, US Dollar, NFPs, Canadian Dollar, Australian Dollar, RBA

Posted by By 01/08/2021Posted inForex
The Dow Jones and S&P 500 weakened despite a relatively dovish Fed as rising Covid cases threatened global growth. The Australian Dollar may be at risk, with the US Dollar…
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Nasdaq 100 Retreats From Record Territory After FAANG Earnings. What Next?

Posted by By 01/08/2021Posted inForex
Tech stocks pulled back from record territory after Amazon posted tepid Q3 guidance. The pandemic winners see their growth rates normalizing in the second half of the year, limiting the…
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US Dollar Index (DXY) Extends Bearish Price Series Ahead of August

Posted by By 01/08/2021Posted inForex
Recent price action in the US Dollar Index (DXY) casts a bearish outlook for the Greenback as it extends the series of lower highs and lows from earlier this week.
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Mexican Peso Weekly Forecast: USD/MXN Back Within Key Range as USD Flops

Posted by By 01/08/2021Posted inForex
USD/MXN drops back into its recent range as investors await further guidance from economic data.
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Australian Dollar Forecast: AUD/USD Five-Week Plunge Halted at Support

Posted by By 01/08/2021Posted inForex
Australian Dollar plunged for a fifth week but held key downtrend support at the yearly lows. The levels that matter on the AUD/USD weekly technical chart into August.
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Euro Forecast: EUR/USD Advance Should Continue After Strong Economic Data

Posted by By 01/08/2021Posted inForex
Last week's march higher in EUR/USD may well extend further after Friday's Eurozone economic statistics that will likely turn the ECB more hawkish on monetary policy.
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GBP Technical Forecast: GBP/USD May Continue Pullback

Posted by By 31/07/2021Posted inForex
Cable is pulling off after a strong run; near-term weakness may be the theme before trying to rally again.
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Former Fed Advisor Danielle DiMartino Booth Talks US Economy, Women in Finance & Trading

Posted by By 31/07/2021Posted inForex
American economist and former advisor at the Dallas Federal Reserve Danielle DiMartino Booth sits down for a conversation about the US economy.
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Canadian Dollar Outlook: USD/CAD May Stage a Rebound Near-Term on Delta Fears

Posted by By 31/07/2021Posted inForex
USD/CAD has bounced off a key support area on Friday and could potentially charge higher in the coming week as risk-aversion over coronavirus fears has started to dominate market moves.
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US Dollar Fundamental Forecast: US Non-Farm Payrolls in Focus After FOMC Week

Posted by By 31/07/2021Posted inForex
The US Dollar slipped last week after the Federal Reserve calmed taper timeline talks. Friday's non-farm payrolls figure may rekindle upside USD bets if impressive.
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