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US Dollar Sentiment Weakens, EUR Longs Pick Up, CAD Consolidates – COT Report

Posted by By 07/06/2021Posted inForex
USD shorts hit a 3 month high, Euro longs rise, while GBP net longs are slashed. CAD consolidates.
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Canadian Dollar Price Forecast: USD/CAD Ahead of BoC – Loonie Levels

Posted by By 07/06/2021Posted inForex
The trend has been strong in USD/CAD but bears will face a rigid test over the next two weeks as a flurry of drivers come into the equation.
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NZD/USD Rate Reversal Takes Shape Ahead of May Low

Posted by By 07/06/2021Posted inForex
NZD/USD may continue to retrace the decline from the start of the month as it appears to have reversed course ahead of the May low (0.7115).
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USD Technical Outlook: DXY Price Action Familiar, Suggests Selling Ahead

Posted by By 07/06/2021Posted inForex
The DXY broke aggressively higher last week, but is already in the process of continuing its recent pattern of failed spikes; lower levels anticipated.
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FTSE Outlook: UK Index Faces a Stern Challenge with Yearly High in Sight

Posted by By 07/06/2021Posted inForex
The bullish run continues for FTSE and other major indices but a stern challenge awaits if it is to continue
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DAX 30, IBEX 35 Outlook: NFP Data Supports Fed's Plan to Focus on Creating Employment Over Inflation

Posted by By 07/06/2021Posted inForex
European stocks are trading a little softer as focus shifts towards inflation data
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British Pound (GBP) Latest: GBP/USD Within Range, GBP/JPY Eyes Key Levels

Posted by By 07/06/2021Posted inForex
GBP remains within range. Delta variant raises reopening doubts, while GBP/JPY eyes multi-year levels.
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Crude Oil Prices Eye Resistance at $70 as Selling Pressure Builds

Posted by By 07/06/2021Posted inForex
WTI crude oil prices pulled back after hitting a two-and-half year high of $69.97. Investors are assessing a rosy demand outlook, the ongoing pandemic and the resumption of Iran nuclear…
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Gold Prices Retreat as Janet Yellen Backs Biden Stimulus, Higher Interest Rates

Posted by By 07/06/2021Posted inForex
Gold prices retreated Monday after Janet Yellen showed her support for Biden’s spending plans and welcomed a “slightly higher” interest rate environment. Real yield edged higher, weighing on bullion.
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US Dollar Technical Analysis: USD/SGD, USD/THB, USD/IDR, USD/PHP

Posted by By 07/06/2021Posted inForex
The US Dollar steadied against most ASEAN currencies this past week. Key support levels remain in play looking at USD/SGD, USD/THB and USD/PHP. USD/IDR may rise with a new trendline.
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