Gold, Crude Oil Price Forecast: Fed Narrative May be Challenged on US PCE, Durable Goods
Gold and crude oil prices may see volatility in the days ahead with several potentially high-impact events on tap, with PCE looking to cap off the week.
Central Bank Watch: Fed Speeches, Interest Rate Expectations Update
The June FOMC is in the rearview mirror, and Fed policymakers are attempting to shape the narrative around what exactly normalization means.
S&P 500 Retreats as Investors Mull Tapering, Hang Seng and ASX 200 May Fall
The S&P 500 index pulled back slightly as several Fed officials gave hawkish signals. The 2-year Treasury yield climbed to a 14-month high. APAC markets opened mixed.
Bitcoin (BTC) Analysis: Dead Cat Bounce After Death Cross, or New Bull Market?
The formation of a “Death Cross” on Bitcoin’s daily chart paints a bleak picture for the cryptocurrency, following a test of yearly lows around $28,800.
New Zealand Dollar Forecast: NZD/USD Testing Key Moving Average as Price Rebounds
The New Zealand Dollar is on track to record a third consecutive daily gain against the US Dollar despite Fed tapering fears driving the US Dollar broadly higher. Traders are…
GBP/USD Price Outlook: Pound Sterling Eyes BoE Rate Decision
GBP/USD price action in focus with overnight implied volatility readings elevated as markets await event risk posed by the Bank of England rate decision scheduled for Thursday, 24 June at…
Mexican Peso Technical Analysis: USD/MXN Breaks Key Support, Banxico on Deck
USD/MXN falls for a third consecutive day amid some dollar softness and pierces a key support zone ahead of Thursday's Banxico interest rate decision.
Nasdaq 100 Outpaces Dow Jones as Reflation Trade is Put on Pause
High-growth technology stocks listed on the Nasdaq 100 look to be back in the driver’s seat as the popular reflation trade loses steam and drags the Dow Jones lower.
Canadian Dollar Technical Analysis: Rebound Gathers Pace – Setups in CAD/JPY, USD/CAD
USD/CAD rates may have experienced a failed bullish breakout, while CAD/JPY rates have been able to maintain their uptrend from the February and April 2021 lows.
Australian Dollar Forecast: Aussie Breaks 2021 Range- Rally at Risk
The Australian Dollar recovery may be vulnerable after last week’s plummet through the 2021 range lows. The levels that matter on the AUD/USD weekly technical chart.