Euro Forecast: EUR/USD Price Outlook Positive, Well Placed For More Gains
EUR/USD remains in an uptrend and is in a good position to reach the 1.23 level and then new highs for the year to date as the Eurozone economy improves…
GBPUSD Price Forecast: Either a New Phase of 15-Month Bull Leg or Reversal
GBPUSD has shifted into neutral and is building pressure just below a technical resistance that holds the keys to the next leg of a major bull trend or the beginning…
Gold Forecast Bright on Weak USD; Silver Eyes Multi-Year High
Gold price action advanced for its fourth-week straight as silver soared to multi-year highs thanks to a stubbornly weak US Dollar. Will gold and silver prices rise further or will…
Weekly Fundamental US Dollar Forecast: Inflation Fears Linger; May US NFP Due Friday
The ongoing erosion of US real yields, thanks to rising inflation expectations and stagnant US Treasuries, has proved to be a negative influence on US Dollar.
Weekly Canadian Dollar Technical Forecast: Is the Rally Long in the Tooth?
The Canadian Dollar has been on an absolute tear in 2021, thanks in part to rising energy prices. Yet gains have been harder to come by over the past week-plus.
Nasdaq 100, Hang Seng Index Forecast: "Double Bottom" Signals Bullish Trend Reversal
The Nasdaq 100 index formed a “Double Bottom” chart pattern, which is commonly viewed as a bullish trend-reversal signal. The Hang Seng Index (HSI) aims to breach a key chart…
Bitcoin (BTC), Ethereum (ETH), Alt-Coins – Beware of Weekend Volatility
The 24/7 cryptocurrency market needs to monitored closely over the coming long weekend with volatility levels still high
Australian Dollar Forecast: AUD/USD May Wilt on RBA, Falling Iron Ore Prices
The Australian Dollar may struggle as the RBA further hints at rolling the yield target to the November 2024 bond. AUD/USD remains vulnerable to falling copper and iron ore prices.
Gold Technical Forecast: Higher Highs to Come if XAU Clears 1900 Level?
Gold may run higher if it clears the psychologically imposing 1900 level, but several other technical considerations are in play for the yellow metal. Where could XAU/USD head next?
Biden Administration Reveals 2021-22 Budget Forecast, Lack of Growth Apparent
The Biden Administration released its forecasted budget for FY 2021-22, highlighted by a strong rebound in employment and underwhelming growth over the next decade.