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S&P 500 Climbs after FOMC Minutes, Nikkei 225 and ASX 200 Open Mixed

Posted by By 08/07/2021Posted inForex
The S&P 500 index closed at an all-time high as the FOMC minutes suggested that Fed officials are “patient” in tapering stimulus. Asia-Pacific markets are positioned to open mixed.
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Japanese Yen Q3 Technical Forecast: Weakness Appears Likely in Q3

Posted by By 08/07/2021Posted inForex
USD/JPY appears to be in a stronger state if we look at price action over the last ten years. During this long period of time, the exchange rate has moved…
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New Zealand Dollar: Positive Job Ads May Provide Tailwind for Kiwi Dollar

Posted by By 07/07/2021Posted inForex
The New Zealand Dollar is aiming higher against the US Dollar. Positive job ads for June is helping lift sentiment, though markets remain wary over the spreading Delta Covid variant.
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Gold Price Forecast: Still in 'the Technical Woods' – Levels for XAU/USD

Posted by By 07/07/2021Posted inForex
Gold prices have staged a modest recovery over the past week, but remain deep in ‘the technical woods.’
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Crude Oil Price Outlook: Bullish Drivers to Sputter in Q3

Posted by By 07/07/2021Posted inForex
Crude oil price action made an explosive move higher during Q2 with the commodity surging about 25% gain on balance. Oil outlook is less sanguine for 3Q, however, due to…
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Nasdaq 100 Forecast: Technology Stocks Extend to New Heights With Earnings Ahead

Posted by By 07/07/2021Posted inForex
The Nasdaq 100 continues to push to new heights as Treasury yields slip and earnings season approaches. While the outlook is encouraging, consolidation may be required before the next leg…
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New Zealand Dollar Forecast: NZD/USD Plunges into Uptrend Support

Posted by By 07/07/2021Posted inForex
New Zealand Dollar at risk for a major price inflection as Kiwi carves the July opening-range just above support. Here are the levels that matter on the NZD/USD weekly.
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US Dollar Pares Gains Despite Hawkish Tone in FOMC Minutes

Posted by By 07/07/2021Posted inForex
The broader DXY Index is erasing gains to trade flat on the day as US Dollar price action pulls back from session highs following the release of June 15-16 Fed…
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Mexican Peso Outlook: USD/MXN Wilts as Traders Await Mexico Inflation Data

Posted by By 07/07/2021Posted inForex
The Mexican peso takes a breather and strengthens modestly against the U.S. dollar, but falling oil prices and somewhat defensive market sentiment limit its gains.
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Monthly Forex Seasonality – July 2021: Good for Gold, US Stocks; Bad for US Dollar

Posted by By 07/07/2021Posted inForex
“Sell in May and go away” hasn’t been a real phenomenon for the US S&P 500 in recent years.
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