GOLD Outlook: XAU/USD Sideways Consolidation Gearing Up for Breakout
Third wave concerns and rising yields underpin the sideways consolidation in gold, but direction has got to come at some point
Euro (EUR/USD) Price Outlook – Sellers Remain in Control as Support Breaks
The single currency is slipping lower against the US dollar and looks set to trade with a 1.17 handle in the very near future.
British Pound (GBP) Latest: EUR/GBP Outlook More Positive, Further Gains Possible
The EUR/GBP cross rate has been edging higher for almost a week now and, while the advance has been modest, it could persist as an EU/UK vaccine war is averted.
Dow Jones, Russell 2000 Probing Key Support as Reopening Trade Unwinds
The unwinding of the reopening trade in the face of a wave of fresh lockdowns and rising cases in Europe has weighed on the Russell 2000 and Dow Jones. However,…
Gold Price Trend Points Lower, Crude Oil Rebound May Fizzle
Gold prices are biased lower as a shallow bounce leaves the 2021 downtrend intact. Crude oil managed a spirited bounce but gains seem corrective before selling resumes.
DAX 30, FTSE 100, CAC 40 Forecast: Rising Long Bets Leave European Stocks at Risk
The DAX 30, FTSE 100 and CAC 40 may be vulnerable to losses given that retail investors are seemingly increasing upside exposure into them. What are key levels to watch…
US Dollar Reversal Losing Momentum? USD/SGD, USD/PHP, USD/THB, USD/IDR
The US Dollar looks most poised to rise versus the Thai Baht and Philippine Peso on bullish technical developments. USD/SGD and USD/IDR look more restrained following recent gains.
Australian Dollar Price Outlook: AUD/USD, AUD/NZD, AUD/CHF, EUR/AUD
The Australian Dollar looks set to extend losses against its lower-beta counterparts. However, the currency may continue pushing higher against its trans-Tasman counterpart. AUD/USD, AUD/NZD, AUD/C...
Nasdaq Fell While Oil Gained, Nikkei 225 and ASX 200 Held Steady amid Tech Rout
A renewed wave of a selloff in tech pulled Wall Street equity benchmarks lower, while energy and material sectors gained on rising crude oil prices. Asia-Pacific markets look set to…
NZD/USD Selloff May Continue as Vaccine Rollout Issues, Geopolitical Risks Rise
NZD/USD may continue to push lower as vaccine rollout issues continue to stress market sentiment. US equities fell after strong Treasury auction demand pushed yields lower.