Australian Dollar Forecast: AUD/USD Gyrates Post-RBA. Where to Next?
The Australian Dollar failed to find direction following the RBA's April policy decision. Meanwhile, Australia and New Zealand are set to open a travel bubble later this month.
Euro May Extend Rise vs. US Dollar But Overall Trend Points Lower
The Euro may extend its recent rebound against the US Dollar – probing closer to the 1.19 figure – but these gains are likely to come within the context of…
USD/CHF Amid Yield Differentials: Q2 Top Trading Opportunities
The Franc’s struggle is likely due to rising bond yields in the United States relative to Switzerland, and may continue throughout the second quarter as the White House sets course…
British Pound Price Action Set-ups: GBP/USD, GBP/NZD, GBP/JPY, EUR/GBP
The UK’s successful progression to the next stage of Prime Minister Boris Johnson’s four-stage reopening plan may underpin the British Pound against its major counterparts. GBP/USD, GBP/JPY, GBP/NZ...
S&P 500 Index Hits Record Highs, May Lift Nikkei 225 and ASX 200
The S&P 500 and Dow Jones indexes hit fresh records as traders digested a strong March nonfarm payrolls print alongside hopes for a massive US infrastructure plan. Asia Pacific equities…
EUR/GBP Aims Lower: Q2 Top Trading Opportunities
In early February, the Euro breached support which had confined its losses against the British Pound back to mid-May 2020, opening the door for a deep selloff that brought the…
New Zealand Dollar Forecast: NZD/USD May Move Higher as Economic Optimism Grows
NZD/USD is recapturing some of its losses from March as traders grow more optimistic on the economic recovery following solid US data prints.
US Dollar Outlook: FX Volatility to Rise as Liquidity Returns
The US Dollar extended its pullback on Monday and pressured the broader DXY Index toward technical support provided by its 200-day moving average. Volatility looks likely to accelerate as liquidity...
Stock Market Forecast for the Week Ahead
The S&P 500 and Dow Jones have pushed into record territory after a string of upbeat economic data sparked a wave of risk appetite and bullish price action. Seasonality may…
AUD/USD Trades Within Head-and-Shoulders Formation Ahead of RBA
The Reserve Bank of Australia (RBA) interest rate decision may undermine the head-and-shoulders formation in AUD/USD if the central bank alters the forward guidance.