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Canadian Dollar Price Forecast: USD/CAD Rallies to Resistance as Crude Falls

Posted by By 06/07/2021Posted inForex
USD/CAD is in the midst of a breakout as USD strength and crude oil volatility work to drive the Canadian Dollar lower. With bulls in control, USD/CAD may look to…
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Monthly Forex Seasonality – July 2021: Good for Gold, US Stocks; Bad for US Dollar

Posted by By 06/07/2021Posted 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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USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Jun 18, 2021 when USD/JPY traded near 110.19.

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 USD/JPY-bearish contrarian trading bias.
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Oil – US Crude IG Client Sentiment: Our data shows traders are now net-long Oil – US Crude for the first time since Jun 29, 2021 14:00 GMT when Oil – US Crude traded near 7,317.30.

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 Oil - US Crude-bearish contrarian trading bias.
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Gold Price Forecast: Gold Bulls Make a Push from Neckline Support

Posted by By 06/07/2021Posted inForex
Gold found support at a double-bottom neckline and has since rallied by more than $60 off of the lows.
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June ISM Services Slows but Stays Healthy, Dollar Largely Unmoved

Posted by By 06/07/2021Posted inForex
June ISM services cools to 60.1 from an all-time high of 64 in May, but manages to grow at a good pace for the 13th consecutive month, a sign that…
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Silver Price Forecast: Twirling Towards Freedom – Levels for XAG/USD

Posted by By 06/07/2021Posted inForex
Silver prices continue to hold within their multi-month ascending triangle.
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USD/ZAR Outlook: South Africa Rand Resolute Despite Stronger Dollar

Posted by By 06/07/2021Posted inForex
The South African rand opened up the week relatively strong against the dollar which was lifted by surging commodity prices. This has not changed the local outlook but some new…
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USD/CAD Outlook: OPEC+ Delay Keeps CAD Supported, USD Picks Up Momentum Ahead of ISM and Fed Meeting Minutes

Posted by By 06/07/2021Posted inForex
USD/CAD fails to break lower as US Dollar buyers reappear
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Crude Oil Price Continues to Rally After OPEC+ Meeting is Abandoned

Posted by By 06/07/2021Posted inForex
Brent crude is trading at highs last seen in late-October 2018 after the latest OPEC+ meeting was unexpectedly called off with no new output boost in view
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