Gold Price Forecast: XAU Eyes US Retail Sales After CPI Boosts Fed Rate Bets
Gold prices may look towards US retail sales and consumer confidence data for direction after a surprising inflation report drove sharp volatility.
Dow Jones, Nasdaq 100, Nikkei 225, ASX 200 Outlook Vulnerable After 2008 High US CPI
The Dow Jones, Nasdaq 100 and S&P 500 sank after US consumer prices rose the most since 2008, bringing forward Fed policy tapering bets. The Nikkei 225 and ASX 200…
Bitcoin (BTC) Plunges on Tesla Bitcoin Suspension, AUD/USD Spars USD Strength
Bitcoin plunged after Tesla CEO Elon Musk announced that the company is suspending the acceptance of Bitcoin for purchases. Meanwhile, AUD/USD struggles against a sharply strong US Dollar.
Ethereum (ETH) Continues to Outshine Bitcoin (BTC) Performance
Ethereum price action has edged lower with other major cryptocurrencies like Bitcoin, but Ethereum continues to dominate the broader crypto space as highlighted by the ETH/BTC ratio.
Gold Price Forecast: Can Gold Stage a Major Breakout?
Gold has rallied to the topside of its downtrend and white-hot inflation data could help spur the precious yellow metal higher. Can gold stage a breakout to snap its 8-month…
AUD/USD Pullback Eyes 50-Day SMA as Bearish Price Series Emerges
The decline from the monthly high (0.7891) has push AUD/USD towards the 50-Day SMA (0.7708) as the exchange rate carves a series of lower highs and lows.
New Zealand Dollar Forecast: Just a Flesh Wound – Setups for NZD/JPY, NZD/USD
The turn through the middle of the month hasn’t been kind to the Kiwi. But that’s not really a surprise?
Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Mar 05, 2021 when Wall Street traded near 31,529.20.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
Nasdaq Extends Slide, Bond Yields Spike on Fed Taper Fears
The Nasdaq is extending its slide and leading the broader stock market lower as bond yields turn sharply higher in response to red-hot inflation data and fears of an expedited…
Oil Price Outlook: Crude Surges- Bulls Eye Major Breakout at May High
Oil prices surged more than 16% off the March low with WTI now threatening a major breakout at the May highs. These are the levels that matter on the technical…