US Dollar May Resume Rise as CPI Data Drives Fed Policy Bets
The US Dollar may rise if June’s CPI inflation data tops forecasts, stoking speculation about an accelerated Fed timeline for stimulus withdrawal.
Equities Q3 Technical Forecast: Nasdaq 100 Aims for Record Highs, Nikkei 225 and Hang Seng Index Range-Bound
Looking ahead, the upward trajectory remains intact for the US stock market, although some technical pullbacks are possible through the third quarter.
Crude Oil Forecast: OPEC+ Fallout, Delta Strain Clouding Market Fundamentals
Oil markets face a clouded outlook as the OPEC+ fallout and rising Covid cases across Asia drive uncertainty in energy markets.
AUD/USD Bounce Continues Following Strong Chinese Trade Data
Chinese trade data wildly surpasses expectations fueled by a massive trade surplus with the US. AUD/USD tests 0.7500.
Gold Price Forecast: XAU/USD May Be Vulnerable to a Higher US CPI Print
Gold prices could be at risk to a higher-than-expected US CPI report that brings forward Fed monetary policy tapering expectations. What are key XAU/USD technical levels to watch?
Nasdaq 100 at Record High on Earnings Optimism, Nikkei 225 Trades Higher
The Nasdaq 100 closed at an all-time high as traders anticipated a stellar earnings season ahead. US core inflation and Chinese trade balance data are in focus today.
Australian Dollar Forecast: Chinese Trade Data Eyed as Covid Wave Worsens
The Australian Dollar remains near its yearly lows as Covid cases increase in Australia, prompting extended lockdown concerns. China is set to report its June trade balance.
US Dollar Forecast: USD/JPY In Focus as Inflation Data Looms
USD/JPY price action, along with the broader US Dollar Index, will likely be front and center during Tuesday's trading session with inflation data due. How might the CPI report impact…
Mexican Peso Outlook: Summer Doldrums Keep USD/MXN Muted as Traders Eye US CPI data
USD/MXN starts the week directionless, oscillating between small gains and losses as traders await U.S. inflation data on Tuesday.
Wall Street Earnings Season Has Arrived, Here is What to Look For
Wall Street starts a busy earnings period led by big banks, as key economic data and testimony from Jerome Powell also fills out the calendar.