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Nasdaq 100 Awaits NFP Report as Index Threatens Range-Bound Price Action

Posted by By 03/06/2021Posted inForex
The Nasdaq 100 awaits an update on the domestic employment landscape in the form of the non-farm payrolls report as seasonal headwinds weigh on price action. A data surprise could…
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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

Posted by By 03/06/2021Posted inForex
The June FOMC meeting is under two weeks away, and it’s becoming evident that policymakers are beginning to lay the foundation for initial QE tapering efforts.
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Oil Price Forecast: Break of March High Negates Double Top Formation

Posted by By 03/06/2021Posted inForex
The price of oil may approach the 2018 high ($76.90) as the break above the March high ($67.98) removes the threat of a double top formation.
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Canadian Dollar Price Outlook: USD/CAD Ahead of NFP – Loonie Levels

Posted by By 03/06/2021Posted inForex
USD/CAD has finally found some support that can hold. But will sellers relent, even with Oil prices breaking out to fresh highs?
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AUD/USD IG Client Sentiment: Our data shows traders are now at their most net-long AUD/USD since Mar 23 when AUD/USD traded near 0.76.

Posted by By 03/06/2021Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
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US Dollar Outlook: DXY Aims Higher on Robust Data, Taper Risk

Posted by By 03/06/2021Posted inForex
The US Dollar is trading broadly stronger on Thursday as the DXY Index spikes 0.6% higher in the wake of robust economic data releases and mounting investor angst around the…
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EUR/USD Rate Reserves Ahead of May High with NFP Report on Tap

Posted by By 03/06/2021Posted inForex
EUR/USD appears to have reversed course ahead of the May high (1.2266) as the exchange rate extends the series of lower highs and lows from the monthly high (1.2254).
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Gold Price Forecast: Bullish Breakout Threatened Ahead of US NFP – Levels for XAU/USD

Posted by By 03/06/2021Posted inForex
Gold prices have pulled back sharply on the day, ahead of what’s expected to be a very strong US nonfarm payrolls report on Friday.
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AUD/USD Technical Outlook: Looking Like a Big Support Break Coming

Posted by By 03/06/2021Posted inForex
AUD/USD is sitting on support around 7700, but that looks at risk of breaking soon.
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Dow Jones, S&P 500, Nasdaq 100 Charts Rolling Over

Posted by By 03/06/2021Posted inForex
The market has been in a lethargic state lately, but that appears set to change as the downside starts to come into play.
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