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NZD/USD Aims Higher But US PCE May Spark Volatility on Fed Policy Rethink

Posted by By 27/05/2021Posted inForex
NZD/USD is aiming higher as the week draws on, but the upcoming US PCE print may spark a bout of volatility.
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USD/JPY Jumps to Monthly High, US Dollar Eyes PCE Inflation Due

Posted by By 27/05/2021Posted inForex
USD/JPY catapulted higher on Thursday as Treasury yields climbed and exacerbated Yen weakness. The US Dollar now looks to the upcoming release of PCE inflation data for direction.
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The Scary Fed Number Everyone is Talking About

Posted by By 27/05/2021Posted inForex
Volumes across the Federal Reserve’s open markets desk suggest that excess liquidity is being drained from financial markets. Is this the start of the taper?
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Gold Price Reverses at Resistance as Rally Remains Intact

Posted by By 27/05/2021Posted inForex
After surging to its highest level since January earlier this week, gold suffered a slight pullback at resistance around $1,920. Alongside technical barriers, a slight rise in Treasury yields may…
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Ethereum (ETH/USD) Strength Outshining Bitcoin (BTC/USD) Recovery

Posted by By 27/05/2021Posted inForex
Crypto cooled after a massive sell-off, but now that coins are recovering, Ethereum is showing greater strength than Bitcoin. Might this be a sign of what's to come?
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USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since May 18, 2021 16:00 GMT when USD/JPY traded near 108.89.

Posted by By 27/05/2021Posted inForex
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.
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Canadian Dollar Outlook: USD/CAD Peers Over Precipice- Loonie Levels

Posted by By 27/05/2021Posted inForex
The Canadian Dollar rally has stalled with USD/CAD in consolidation just above critical technical support. Here are the levels that matter on the Loonie charts.
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Bitcoin (BTC), Gold, Gamestop (GME) & AMC – FinTwit Trends to Watch

Posted by By 27/05/2021Posted inForex
FinTwit is abuzz this week with return of the meme stocks. Bitcoin (BTC/USD), spot gold (XAU/USD) in focus ahead of tomorrow’s PCE data.
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New Zealand Dollar (NZD) Forecast: NZD/USD, EUR/NZD, NZD/CAD Setups to Watch

Posted by By 27/05/2021Posted inForex
NZD Jumps on Hawkish RBNZ Pivot. NZD/USD, EUR/NZD, NZD/CAD levels to watch.
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Bitcoin (BTC), Ethereum (ETH), Alt-Coins – Recovery Remains Fragile, Volatility Stuck at Near-Extremes

Posted by By 27/05/2021Posted inForex
The cryptocurrency market is gradually recovering from last week’s clear-out and further consolidation is needed to boost positive sentiment
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