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Gold Prices Steady as Inflation Hits 13-Year High, Eyeing 1815 for Breakout

Posted by By 14/07/2021Posted inForex
Gold prices edged higher within an “Ascending Triangle” as stronger-than-expected US inflation data bolstered its appeal. Nonetheless, tapering concerns may cap the upside after the RBNZ’s hawkish ...
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New Zealand Dollar Forecast: NZD/USD Shoots Higher on Hawkish RBNZ, LSAP Termination

Posted by By 14/07/2021Posted inForex
The New Zealand Dollar rocketed higher against the US Dollar after the RBNZ announced a halt to its Large Scale Asset Purchases Program.
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Dow Jones Retreats after US Inflation Data, Hang Seng May Pull Back

Posted by By 14/07/2021Posted inForex
Wall Street stocks pulled back from all-time highs after June’s US core inflation surpassed market expectations by a wide margin. The Hang Seng Index may follow lower.
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Euro Stoxx 50 & IBEX 35 Retreat from Records Amid Inflation, Virus Fears

Posted by By 14/07/2021Posted inForex
European equities have retreated off recent highs as fears over the Delta COVID variant force multiple EU members to reimplement restrictions.
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Australian Dollar Outlook: Westpac Data May Underpin AUD/USD as Jobs Report Nears

Posted by By 13/07/2021Posted inForex
The Australian Dollar weakened versus the US Dollar overnight and may see more volatility after the July Westpac consumer confidence index crosses the wires. An RBNZ interest rate decision is…
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USD/CAD Price Outlook: Canadian Dollar Hinges on BoC Decision

Posted by By 13/07/2021Posted inForex
USD/CAD price volatility is expected to stay elevated owing to high-impact event risk posed by the Bank of Canada update due Wednesday. What are Canadian Dollar traders watching out for?
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Mexican Peso Forecast: USD/MXN Jumps on Sizzling U.S. Inflation. Will Traders Fade this Move?

Posted by By 13/07/2021Posted inForex
The U.S. dollar gains across the board on Tuesday on expectations red-hot inflation in the United States will lead to tighter monetary policy by the Federal Reserve.
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Euro Technical Analysis: EUR/GBP, EUR/JPY, EUR/USD Rates Outlook

Posted by By 13/07/2021Posted inForex
Strength in the US Dollar (via the DXY Index) has translated into fresh monthly lows for EUR/USD rates.
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USD/JPY Rebound Takes Shape Ahead of Fed Chairman Powell Testimony

Posted by By 13/07/2021Posted inForex
Fresh remarks from Fed Chairman Jerome Powell may sway USD/JPY as the central bank head is scheduled to testify in front of Congress over the coming days.
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Dow Jones Forecast: Will Earnings Season Push the Index to Record Highs?

Posted by By 13/07/2021Posted inForex
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…
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