European Equities Technical Outlook: FTSE 100, IBEX 35, CAC 40
Equities hold on to recent gains as they await the latest monetary policy commentary from Powell at today’s FOMC meeting
British Pound (GBP) Outlook Positive as GBP/USD Shrugs Off UK Political Turmoil
GBP/USD has held its ground over the last few days, suggesting underlying strength given a series of claims and counter-claims about Boris Johnson’s ‘competence and integrity’.
Canadian Dollar Forecast: Oil Prices, Covid-19 Infections May Weigh on CAD
Stagnating crude oil prices and a flurry of coronavirus restrictions in several Canadian provinces may weigh on the Canadian Dollar against its major counterparts.
Gold Prices Retreat Ahead of FOMC as Traders Eye Fed Tapering
Gold prices declined for a second day as Treasury yields and the US Dollar climbed. Traders are eyeing any signs of Fed tapering at Wednesday’s FOMC meeting as the economy…
Dow Jones, S&P 500 Analysis: Watch Market Sentiment Carefully as Uptrends Hold
The Dow Jones may fall in the near term based on market sentiment, will the S&P 500 follow? The latter seems to be facing near-term bearish technical warning signs.
Crude Oil Prices Fall on Large Stockpiles Build, OPEC+ Honors Output Cuts
An extensive build in crude inventories sent oil prices lower on Wednesday. OPEC+ scrapped Wednesday’s meeting as oil ministers decided to stick to production cuts agreed at the previous meeting.
Gold Price Forecast: Double Bottom Validation Signals Further Gains on Offer
Gold prices have slipped lower in recent days. However, this seems to be only a temporary set-back as the long-term technical outlook continues to hint at further gains ahead.
Australian Dollar Forecast: AUD/USD Sinks on Weak CPI Figures, Where Next?
The Australian Dollar sank following a weaker-than-expected local CPI print, casting doubt on a less dovish RBA in the months ahead.
AUD/USD May Rise Ahead, Japanese and South Korean Vaccination Efforts in Focus
AUD/USD may see a directional shift in price following today's CPI print for Q1 out of Australia. Meanwhile, Japan and South Korea attempt to step up vaccination efforts.
US Dollar Outlook: Volatility Hints at an Uneventful Fed Meeting
The broader US Dollar has been beaten up recently with bears erasing roughly two-thirds of gains notched during Q1. FX volatility suggests this trend may persist as the Fed echoes…