NZD/USD Rate Holds Above 50-SMA to Target March High
NZD/USD may attempt to test the March high (0.7307) as the exchange rate reverses ahead of the monthly low (0.7115) to hold above the 50-Day SMA (0.7139).
How to Start Forex Trading in 7 Steps
Forex, also known as foreign exchange or FX trading, is the conversion of one currency into another. Learn more about what Forex is, how it works and how it compares…
US Dollar Outlook: DXY Index Hammered as Treasury Yields Ebb
US Dollar bears have driven the broader DXY Index sharply lower to trade at its weakest level in 12-weeks. USD selling pressure likely follows softer Treasury yields as inflation, Fed…
Tesla, ARKK, Nasdaq 100 and S&P 500: Varying Stages of the Cycle
Are we nearing a major market turn as inflation prints beyond expectations? If so, gyrations inside of US equities may be showing us something.
AUD/USD Rate Reverses Ahead of Monthly Low to Eye February High
AUD/USD may stage another attempt to test the February high (0.8007) as the exchange rate appears to be reversing course ahead of the monthly low (0.7675).
USD/CAD Technical Outlook: Hitting 6-Year Lows in Search of Support
USD/CAD is trading at its worst levels since 2015; not a lot of meaningful support levels if 2017 low can't be recouped soon.
DAX 30 Storms to Record High, EUR/USD Breaks Above 1.22 as Bullish Momentum Builds
Risk-on momentum returns as European assets reach for new highs
Gold Price Forecast: Gold Break Out as Bulls Take Charge, FOMC Minutes Eyed
Gold bulls firmly in charge as softer USD and falling real yields underpin. FOMC minutes in focus.
British Pound (GBP) Outlook – GBP/USD Looking at a New Three-Year High
A combination of US dollar weakness and Sterling strength is pushing GBP/USD back towards levels last seen in April 2018.
Crude Oil Price Trend May Reverse, API Data and FOMC Minutes Eyed
Crude oil prices may turn lower – forming a bearish Double Top trend reversal pattern – as April’s FOMC meeting minutes shape Fed stimulus withdrawal bets.