NZD/USD Bolstered on Bitcoin Leading Sentiment Recovery, RBNZ in View
The New Zealand Dollar is riding higher following a sharp recovery in market sentiment, driven by gains in Bitcoin after comments from Elon Musk lifted the crypto market.
Crude Oil Outlook: Breakout Ready or Will Iran Risk Weigh?
Crude oil price action spiked nearly 4% higher on Monday to test the upper end of its recent range. Is the commodity gearing up for a breakout or will Iran…
Bitcoin Price Jumps as Elon Musk Tweets Progress Toward Renewable Mining
Bitcoin bounced Monday afternoon after Tesla CEO Elon Musk tweeted progress toward Bitcoin mining using renewable energy. The coin’s energy consumption has been a rising concern for many investors.
Gold Price Forecast: Bull Flag Breakout in Progress – Levels for XAU/USD
Gold prices have held above multi-month bull flag resistance, increasing confidence that a march back to all-time highs has begun.
NZD/USD Rate Rebound Emerges Ahead of RBNZ Rate Decision
NZD/USD attempts to retrace the decline from the previous week ahead of the Reserve Bank of New Zealand (RBNZ) interest rate decision on May 26.
Canadian Dollar Forecast: USD/CAD Probes for Low, Loonie Levels
USD/CAD set a fresh seven-year-low last week, and then stalled. Is the prolonged bearish trend due a pullback?
USD/JPY Attempts to Reverse Ahead of Monthly Low with US PCE on Tap
The update to the US Personal Consumption Expenditure (PCE) Index may influence USD/JPY as the Federal Reserve braces for a transitory rise in inflation.
Canadian Dollar Positioning Looking Stretched, EUR/USD Bulls Rising – COT Report
USD shorts rise for 5th consecutive week. CAD longs moving to stretched territory, raising correction risks.
US Dollar Technical Outlook: Long-term Levels Could Soon Bring Volatility
The DXY remains on path to reach the yearly low; potential for volatility around levels dating as far back to 2008 could spark volatility.
Markets Week Ahead: EUR/USD, Gold, Oil, Bitcoin, Dow, DAX, Inflation, RBNZ
Global markets were choppy and mixed this past week amid signs of deteriorating risk appetite. Cryptos plunged, stocks struggled, oil prices dropped, and gold gained with EUR/USD. Where to next?