S&P 500 Eyes Key Chart Resistance, Nikkei 225 and ASX 200 Open Steady
The S&P 500 index closed at an all-time high on the last trading day of June, lifted by energy and industrial sectors. Asia-Pacific markets are mixed as traders await US…
Japanese Yen Outlook: USD/JPY Remains Under Pressure Following Mixed Tankan Data
The Japanese Yen remains under pressure as the global economic recovery picks up pace. Japan continues to lag behind in vaccinations and economic activity.
New Zealand Dollar Forecast: Covid Resurgence Puts Sentiment to Test
The New Zealand Dollar is trading largely unchanged as traders evaluate the growing risks posed by the quickly spreading Delta Covid variant.
US Dollar Outlook: DXY Index Extends Rally Ahead of PMIs, NFPs
The US Dollar made a strong push to close out the first half of the year 2.7% higher thanks to recent Fed taper speculation. Can PMI and NFP reports due…
Mexican Peso Short-Term Outlook Hinges on NFP Data, Levels to Watch in USD/MXN
USD/MXN volatility could rise in the coming days with the NFP report on tap for Friday. Strong employment data could boost the dollar, while a soft print is likely to…
S&P 500 Forecast for the Week Ahead: The Summer Doldrums Drag On
The effects of seasonality are in full swing as the summer doldrums see volume and volatility dry up and price action constrict to culminate in tiny daily trading ranges. History…
Oil Price Resilience Pushes RSI Towards Overbought Territory Again
Another move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen earlier this year.
Gold Price Forecast: Stability Prevails; Technicals Remain Concerning – Levels for XAU/USD
Gold prices haven’t been able to stage a significant recovery after their steep drop post-Fed.
Canadian Dollar Forecast: USD/CAD Bounce from Key Zone – Loonie Levels
USD/CAD has started to show characteristics of a short-term bullish trend, reversing a 14-month sell-off in the pair. Can bulls drive into 1.2500?
Euro Forecast: EUR/USD Susceptible to Oversold RSI Signal
Another move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in EUR/USD like the behavior seen earlier this month.