March ISM Manufacturing PMI Hits Highest Level Since 1983, USD Rotates Higher
The ISM Manufacturing PMI for March rose to its highest level since 1983, showing strong activity from the manufacturing sector as the economic recovery continues.
Crude Oil Outlook: OPEC+ Expected to Continue Constrained Output
Crude Oil prices are retracing after a strong start to the day with the OPEC+ meeting in focus.
USD/CAD Price: Waiting on OPEC+ for Further Guidance
USD/CAD is stuck in the middle of a four-month range and will look to the latest OPEC+ meeting for guidance.
Australian Dollar Forecast: Key AUD/USD, AUD/NZD Levels to Watch
Modest bounce from 2021 low for AUD/USD, while month/quarter end flows look set to drive G10 FX.
IBEX 35, CAC 40 Forecast: Treading on Water as Europe Struggles to Contain the Virus
European equities struggle to consolidate momentum as opposing forces cause lack of direction
British Pound (GBP) Latest: GBP/USD Steady Ahead of Long Weekend
Exchange rates are little changed in early European business Thursday, with GBP/USD stable ahead of the long Easter break.
DAX 30 Index Could Pullback on Recovery Fund Delay, AstraZeneca Shot Ban
The German DAX 30 index may lose ground in the near term on the back of the delayed ratification of the EU Recovery Fund and Chancellor Merkel’s ban on AstraZeneca’s…
AUD/USD May Drop Toward 0.74 as Prices Probe Past Range Floor
The Australian Dollar may be on a cusp of a drop toward the 0.74 figure against its US counterpart as prices probe below a key chart support level.
Gold Prices Rebound on Weaker USD, Crude Oil Holds Breath for OPEC+ Meeting
Gold prices returned to above $1,700 from a key support level as the DXY US Dollar index retreated form a four-month high. Oil traders are anticipating OPEC+ to extend production…
NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Mar 24, 2021 15:00 GMT when NZD/USD traded near 0.70.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.