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Mexican Peso Weekly Forecast: USD/MXN Drops as Markets Price in Rate Cut Despite Banxico Dismissal of Inflation

Posted by By 16/05/2021Posted inForex
USD/MXN drops to 4-month low as odds of a rate cut by December 2020 rise to 50%.
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Australian Dollar Technical Analysis: AUD/USD, AUD/JPY, AUD/CAD

Posted by By 16/05/2021Posted inForex
AUD/USD remains range-bound but trend potential exists elsewhere in pairs such as AUD/JPY or AUD/CAD.
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Euro Forecast: EUR/USD May Struggle if Dovish ECB Talks Numb Data Reactions

Posted by By 16/05/2021Posted inForex
The Euro eyes Eurozone GDP, inflation and PMI data next week. However, still-dovish ECB commentary from top officials may dampen the impact of better-than-expected outcomes on EUR/USD.
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Gold Price Forecast: Gold Bulls Fire- XAU/USD Major Breakout Awaits?

Posted by By 16/05/2021Posted inForex
Gold surged more than 10% off the yearly low with then XAU/USD breakout now eyeing key technical resistance. These are the levels that matter on the Gold weekly chart.
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Gold Price Forecast: Bullion Susceptible to Dovish FOMC Minutes

Posted by By 15/05/2021Posted inForex
The Federal Open Market Committee (FOMC) Minutes may drag on the price of gold as the central bank appears to be in no rush to switch gears.
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WTI Crude Oil Technical Forecast – Channel Meets Big Resistance

Posted by By 15/05/2021Posted inForex
WTI crude oil is currently trading up against major resistance via the 2019 and 2020 highs within the confines of a channel; something has to give.
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US Dollar Forecast: Greenback Takes Aim at FOMC After Weak Retail Sales

Posted by By 15/05/2021Posted inForex
The US Dollar finished off an eventful week after CPI and retail sales injected volatility into markets. FOMC is now in the Greenback's sights as taper talks linger.
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Nasdaq 100 Forecast: Bearish Gartley Pattern Hints at Downward Pressure

Posted by By 15/05/2021Posted inForex
The Nasdaq 100 index has likely formed a bearish Gartley pattern, which hints at further downside potential. Negative MACD divergence on the weekly chart suggests that upward momentum may be…
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Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) – Sharp Bounceback After Another Elon Musk Tweet

Posted by By 15/05/2021Posted inForex
Tesla boss Elon Musk is seemingly running the cryptocurrency market single-handed this week with his tweets prompting a massive sell-off before today’s sharp rally.
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South African Rand Dollar Price Forecast: USD/ZAR Inflationary Battle Persists Ahead of SARB and FOMC

Posted by By 14/05/2021Posted inForex
The South African Rand maintains its strength but stalls as the battle for the imminent move persists
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