Australian Dollar Forecast: Aussie Support Grind- AUD/USD Breakout Pending
Australian Dollar plunged nearly 6% off the yearly high with Aussie marking a third week at uptrend support. The levels that matter on the AUD/USD technical chart.
Oil Q2 2021 Fundamental Forecast
The strong bid beneath crude oil broadly tracked market optimism surrounding covid vaccine developments, massive fiscal stimulus packages, and improved outlook for global GDP growth.
British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP
The British Pound had a big start to the year. But so far Q2 is shaping up to be quite a bit different.
US Dollar Bear Exit Persists, GBP & AUD Longs Slashed – COT Report
US Dollar net shorts are cut once again, AUD sees sizeable bull exit, GBP pullback exacerbated by long liquidation.
USD/CAD Rate to Eye March Low on Break of April Opening Range
USD/CAD may continue to give back the rebound from the March low (1.2365) if the exchange rate fails to retail the opening range for April.
Markets Week Ahead: Dow Jones, S&P 500, Bonds, Gold, NZD, RBNZ, Bank Earnings
The Dow Jones and S&P 500 pushed further into all-time highs amid falling Treasury yields and a weaker US Dollar. Gold seems to be finding some momentum. Ahead, earnings season…
US Dollar Technical Analysis: DXY Looking Lower Still in Absence of Support
The DXY is weak and in the absence of solid support it appears headed for lower prices in the near-term.
Gold Price Outlook – Will Resistance Continue to Block Further Upside?
Gold is unable to push higher as a cluster of resistance levels continue to hold firm. US data this week may prompt a bout of selling if inflation rears its…
South African Rand Technical Set-ups: USD/ZAR, EUR/ZAR, GBP/ZAR
Rand technical forecasts may suggest slowing bearish momentum across USD,EUR and GBP crosses.
Short EUR/NOK: Q2 Top Trading Opportunities
A stronger Krone will weigh down on inflation and if price pressures continue to run hot, a rate hike may be put in place sooner rather than later. On the…