Gold, Crude Oil Price Forecast: Technicals in Focus as Yield Drop Propels XAU
Gold is testing the critical 200-day SMA after an improved fundamental backdrop helped the yellow metal gain in July. Meanwhile, Crude oil is looking lower.
AUD/USD Under Pressure After Mixed Australian Jobs & Chinese GDP Data
The Australian Dollar remained under pressure on Thursday following a mixed domestic jobs print and shaky Chinese GDP data.
S&P 500 Climbs on Powell's Dovish Tone, China GDP in Focus
The S&P 500 index closed higher after Fed Chair Jerome Powell signaled that the Fed may be patient in tapering stimulus in a testimony. Asia-Pacific markets await Chinese Q2 GDP…
Chinese Yuan Forecast: Q2 GDP Key to Gauge PBOC, USD/CNH Outlook
USD/CNH is pushing lower as traders prepare for China's second quarter GDP print to cross the wires. The Yuan may break current support at the 26-day EMA if the data…
Gold Price Pops 1% as Real Yields Tumble to Five-Month Low
Gold bulls propelled XAU/USD price action 1% higher on Wednesday with the precious metals rise mirroring the sharp decline in ten-year real yields to their lowest level since mid-February.
Dow Jones Forecast: Will Earnings Season Push the Index to Record Highs?
The Dow Jones has moved within reach of record levels despite weakness in value and industrial stocks that had helped the Industrial Average outperform the Nasdaq 100 during much of…
Mexican Peso Gains as Powell Cautions Against a Hasty Move, USD/MXN Tumbles
The Mexican peso gains after Fed chairman Powell says the US economy has not progressed enough to start dialing back stimulus and warns against acting prematurely.
Crude Oil Price Forecast: A Lot of News Equals A Lot of Noise
Delayed oil inventory data and news from OPEC+ are making for volatile energy markets.
New Zealand Dollar Outlook: NZD/USD Post-RBNZ Breakout Levels
New Zealand Dollar surged +1.24% off fresh yearly lows with the post-RBNZ rally now eyeing trend resistance. The levels that matter on the NZD/USD technical charts.
AUD/USD to Stage Larger Rebound on Upbeat Australia Employment Report
Fresh data prints coming out of Australia may spark a larger rebound in AUD/USD as employment is expected to increase for the second consecutive month.