Gold Price Outlook: XAU/USD Top in Play as 10-Year Treasury Yield Rebounds?
Gold prices weakened as the 10-year Treasury yield gained. As US retail sales and PPI data loom, XAU/USD could be vulnerable to a top after a key trendline was taken…
Crude Oil Forecast: Price Eyes 2018 High as Air Travel Boosts Bullish Narrative
Crude oil prices moved above $71.00, eyeing the October 2018 high as increased air travel amid economic reopenings boosted the picture for demand.
Nasdaq 100 Hits All-Time High, Hang Seng and ASX 200 May Follow
The Nasdaq 100 rallied 0.93% and closed at a record on Monday, setting a positive tone for Asia-Pacific markets at open. The RBA meeting minutes and US retail sales data…
USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Jun 04, 2021 when USD/JPY traded near 109.52.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.
AUD/USD Eyes RBA Minutes After Iron Ore Rally Fails to Lift Aussie Dollar
The Australian Dollar may be set for movement on today's RBA meeting minutes after rising iron ore prices failed to help bolster AUD/USD.
GBP/USD Eyes Trend Support as US Dollar Awaits Fed Dot Plot
GBP/USD price action has drifted lower with UK covid cases back on the rise, but the cable's direction likely hinges on how the US Dollar responds to the Fed dot…
FX Week Ahead – Top 5 Events: Fed Meeting; US Retail Sales; Canadian & UK Inflation Rates; Australian Jobs Report
The third week of June brings forth a saturated macro calendar.
Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead
The US indices await the June Fed meeting for clarity on economic projections, the state of inflation and the probable path of monetary policy. With much on the line, the…
Gold Price Forecast: Major Breakdown Ahead of Fed Meeting – Levels for XAU/USD
Are gold prices the ‘canary in the coal mine’ for the Federal Reserve meeting?
AUD/USD Rate Stuck in Defined Range Ahead of Fed Meeting
The Federal Reserve rate decision is likely to sway the near-term outlook for AUD/USD as the central bank is slated to update the Summary of Economic Projections (SEP).