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Crude Oil Prices Fall on OPEC+ Uncertainty, Rising Shale Oil Output

Posted by By 07/07/2021Posted inForex
WTI crude oil prices pulled back after briefly hitting a six-year high, as a fruitless OPEC+ meeting added supply uncertainty and threatened a price war. US shale oil production has…
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US Dollar Outlook: USD/CAD May Rise as AUD/USD, EUR/USD Fall. Retail Bets Eyed

Posted by By 07/07/2021Posted inForex
The US Dollar may appreciate ahead as retail traders increasingly bet that the Greenback may weaken. Upside bets are falling in USD/CAD, while rising in AUD/USD and EUR/USD.
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Bitcoin (BTC/USD) Forecast: Bitcoin Remains Range-Bound, Clinging to $34,000

Posted by By 07/07/2021Posted inForex
Bitcoin prices are struggling to find direction in the aftermath of April’s top, which sent BTC/USD tumbling as much as 50%. Now, prices are range-bound. What are key levels to…
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Dow Jones Retreats as Yields Fall, Regulatory Risk Weighs on Hang Seng Index

Posted by By 07/07/2021Posted inForex
The Dow Jones pulled back from all-time highs as 10-year Treasury yields plunged, signaling near-term risk aversion. The Hang Seng Index fell for a sixth day amid rising regulatory scrutiny…
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Yen Q3 Fundamental Forecast: Road Ahead Remains Tough

Posted by By 07/07/2021Posted inForex
The road ahead for the Japanese Yen in the third quarter remains tough, with USD/JPY perhaps looking to rise amid a less-dovish Federal Reserve amid persistent inflationary pressures.
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Australian Dollar Forecast: Dovish RBA Adds to Delta Variant Woes for AUD/USD

Posted by By 06/07/2021Posted inForex
The Australian Dollar continues to show weakness versus the US Dollar as the Delta Covid variant drags on sentiment as Sydney's lockdown continues. Recent dovish comments from the RBA may…
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Gold Price Looks to FOMC Minutes as Catalyst for Volatility

Posted by By 06/07/2021Posted inForex
Gold edged slightly higher to challenge the psychologically-significant $1,800-price level on Tuesday as bond yields dropped. Gold volatility might accelerate with FOMC minutes due Wednesday.
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US Dollar Rally – Trade or Fade: EUR/USD, NZD/USD

Posted by By 06/07/2021Posted inForex
US Dollar strength has stuck around since the FOMC rate decision. Might this unsettle matters for this summer? Or will the USD stick to its recent range?
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Silver IG Client Sentiment: Our data shows traders are now at their most net-long Silver since Mar 08 when Silver traded near 2,515.30.

Posted by By 06/07/2021Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Silver-bearish contrarian trading bias.
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Mexican Peso Sinks on Risk-Off Sentiment, USD/MXN Eyes its 200-Day SMA. Now What?

Posted by By 06/07/2021Posted inForex
The Mexican peso weakens on risk aversion, broad-based US strength and falling oil prices, but its medium-term outlook remains positive, supported by its higher carry advantage.
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