NZD/USD Rate Outlook Mired by Failure to Test March High
The failed attempt to test the March high (0.7303) may generate range bound conditions in NZD/USD as it snaps the series of higher highs and lows from the previous week.
Canadian Dollar Forecast: USD/CAD Flirting with 2017 Swing Low
The Canadian Dollar remains strong as USD/CAD bears steer the major currency pair toward 2017 swing lows near the 1.2060-price level. Can USD/CAD stage a rebound here or will the…
S&P 500 Price Outlook: Bull-Market Correction or More? CPI on Tap
S&P 500 plunged more than 3% off fresh record highs this week with the reversal threatening a larger May correction. The levels that matter on the SPX500 charts.
Central Bank Watch: BOE & ECB Interest Rate Expectations Update
The BOE and the ECB won’t meet again for six weeks. Nevertheless, speculation around what they may do next continues to drive markets.
Bitcoin Price Forecast: BTC/USD Threatens Bearish Reversal on Wedge Break
Bitcoin is at risk of a larger downturn after breaking beneath support to start the week. As a result, bulls may seek out secondary support from psychological levels and recent…
USD/CAD Eyes September 2017 Low as RSI Sits in Oversold Zone
The oversold reading in the Relative Strength Index (RSI) may continue to coincide with a further decline in USD/CAD like the behavior seen in December.
DAX 30 & CAC 40 Technical Forecast: At Risk of Snapping Support
The DAX and CAC are rolling over, with the former testing support and the later breaking one threshold of trend support.
USD/ZAR Forecast: South African Rand Watchful Ahead of U.S. Inflation
U.S. inflation fears may prolong Rand strength and potentially breach January 2020 lows on USD/ZAR.
Will Lumber Prices Prick US Housing Bubble or Will Low Mortgage Rates Prevail?
There’s a lot of chatter among market participants about the state of the US housing market.
Nasdaq 100 (NDX) Crumbles as US Inflation Fears Re-Ignite
A heavy sell-off overnight in the Nasdaq 100 has gathered pace in Europe with tech heavyweights registering further losses