British Pound Price Outlook: Unfazed by Political Rout, GBP/USD Picking Up Bullish Momentum
GBP/USD is building up to a bullish breakout after bouncing off trendline support
Crude Oil Prices Hit $74 ahead of OPEC+ Meeting on Demand Optimism
WTI crude oil prices hit fresh two-and-half year highs as the demand outlook strengthens. OPEC+ is planning to raise output at a meeting this week amid tightened market conditions.
Gold Prices Fall After US PCE Data Strengthens Fed Tapering Bets
Gold prices extended lower after US core PCE growth hit the highest level since 1992, reaffirming inflationary pressures. Boston Fed President Eric Rosengren hinted at first rate hike by the…
USD Dollar Outlook, Momentum Fading? USD/SGD, USD/THB, USD/IDR, USD/PHP
The US Dollar struggled to extend gains against most ASEAN currencies this past week. Could its momentum be rekindled looking at USD/SGD, USD/THB, USD/IDR and USD/PHP?
S&P 500 Hits All-Time High, Lifting Hang Seng and ASX 200 Sentiment
Wall Street stocks rallied on Friday despite a moderate pullback in the tech sector. Tesla will recall over 285k cars in China. NBS manufacturing PMI and US nonfarm payrolls data…
Australian Dollar Forecast: AUD/USD Takes Hit on New Covid Lockdowns
AUD/USD is under pressure as Australia enacts a new round of lockdowns amid worries about the quickly spreading Delta variant of Covid-19. A speech from RBA Governor Lowe is eyed.
Markets Week Ahead: Dow Jones, US Dollar, Non-Farm Payrolls, Crude Oil, OPEC+
Market sentiment is mending again, with the Dow Jones, DAX 30 and CSI 300 on the rise despite Fed tapering bets being brought forward. The US Dollar is eyeing non-farm…
Weekly Technical US Dollar Forecast: Rangebound Ahead of June US NFP
The US Dollar (via the DXY Index) has begun to trade in a sideways consolidation ahead of the June US nonfarm payrolls report.
Dow Jones & DAX 30 Forecasts for the Week Ahead
The Dow Jones might struggle to regain its footing as investors look to rotate out of value stocks and back into high-growth technology stocks. Meanwhile, the DAX 30 awaits inflation…
Mexican Peso Forecast: USD/MXN Balance of Risks Appears Tilted to the Downside
The possibility of Banxico embarking on an aggressive tightening cycle and positive risk sentimentshould drive USD/MXN lower in the near term, with the 2021 low being the immediate focus.