Dow, Nasdaq, and Nikkei Struggle to Maintain Bullish Momentum
Indices posted gains yesterday, but a more cautious atmosphere prevails in early trading this morning.
EUR/USD Hits Fresh 2-Month High, Time for a Pullback?
EUR/USD faces a challenge in attempting to break the range high of 1.1100 without any significant change to the macro picture. Do bulls have enough juice or is another retracement…
UK Breaking News: Wage Growth Keeps Pound Bid
GBP/USD rises sharply to 1.2900 post-labor data after wage growth hits fresh yearly highs.
Gold Price Firms While US Dollar Eases as Treasury Yields Dip. Where to for XAU/USD?
The gold price is inching higher while the US Dollar slides going into Tuesday despite several Fed speakers getting hawkish, mostly. Will Wednesday’s US CPI hold the keys to XAU/USD…
New Zealand Dollar Flexes Muscles Ahead of RBNZ; NZD/USD, EUR/NZD, GBP/NZD Price Action
The New Zealand dollar is showing signs of building a base against some of its peers ahead of the Reserve Bank of New Zealand (RBNZ) interest rate decision on Wednesday.…
Asia Day Ahead: Positive US Handover Has Brought Some Relief to Asia Session
Wall Street managed to start the new week on a positive footing, but with some slight caution ahead of the key US CPI data release as the S&P 500 VIX…
Euro Technical Outlook – Ranges Against Trends. Will EUR/USD Go Higher?
The Euro jumped toward recent highs to start this week as it runs toward the top end of the range. The bigger picture might confirm that some bullish momentum may…
Japanese Yen Soars, Sending USD/JPY Lower as Treasury Yields Soften Before CPI
The Japanese Yen soared against the US Dollar over the past 2 trading days as longer-term US Treasury yield softened ahead of a highly anticipated inflation report. Where to for…
USD/CAD Forecast: Bank of Canada’s Outlook to Shape Canadian Dollar’s Trajectory
Bank of Canada will announce its July monetary policy decision on Wednesday. The bank is seen raising interest rates by 25 basis points to 5.0% as part of its ongoing…
US Dollar Trips Ahead of US Inflation Data, USD/JPY Swoops on Fibonacci Support
The U.S. dollar gives up ground on Monday, extending last Friday's losses ahead of the release of a key U.S. inflation report, which could help set the trading bias in…