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AUD/USD Drops as Vaccine-Induced Worries Plague Economic Reopening Hopes

Posted by By 23/03/2021Posted inForex
The Australian Dollar fell as concerns over the AstraZeneca vaccine raised by US regulators injected a sense of fear through markets on Tuesday. Meanwhile, Australian PMI data crossed the wires…
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US Dollar Outlook: NZD/USD Crumbles as Risk Aversion Takes Hold

Posted by By 23/03/2021Posted inForex
The US Dollar strengthened sharply across the board during Tuesday's trading session. NZD/USD price action plunged a whopping -2.3% as risk aversion mounted and exacerbated Kiwi weakness.
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Dow Jones Price Forecast for the Week Ahead

Posted by By 23/03/2021Posted inForex
The Dow Jones trades within a few hundred points of record levels with minimal resistance overhead. Should risk appetite persist, the Dow could drive deeper into uncharted territory.
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Nasdaq 100, S&P 500 Fall as Markets Digest Powell & Yellen Testimony, Gamestop Earnings

Posted by By 23/03/2021Posted inForex
Markets declined during trade as investors watch Jerome Powell and Janet Yellen closely as the pair testified in front of the House Financial Services Committee.
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NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since Sep 30, 2020 when NZD/USD traded near 0.66.

Posted by By 23/03/2021Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.
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Gold Price Forecast: Gold Recovery on the Ropes- XAU/USD Bears Await

Posted by By 23/03/2021Posted inForex
Gold is poised to snap a two-week rally after rebounding off technical support- bears eye resistance ahead. These are the levels that matter on the XAU/USD weekly chart.
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USD/CAD Snaps Lower, Canadian Dollar Soars as BoC Tapers Policy

Posted by By 23/03/2021Posted inForex
USD/CAD price action just plummeted 40-pips as the Canadian Dollar strengthens sharply in response to the Bank of Canada announcing the removal of its emergency market liquidity programs.
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Crude Oil Price Forecast: CL Snaps Back – Pullback or Reversal?

Posted by By 23/03/2021Posted inForex
Crude oil prices have snapped back and taken out a big level of support along the way. Is a bigger reversal brewing in oil prices?
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NZD/USD Rate Forecast: Head-and-Shoulders Formation Takes Shape

Posted by By 23/03/2021Posted inForex
Recent price action warns of a further decline in NZD/USD as a head-and-shoulders formation appears to be taking shape.
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Gold Price Poised to Move Soon, Silver in Position to Trade Lower

Posted by By 23/03/2021Posted inForex
Gold is at a pivotal spot near-term, while silver sagging puts it in position to trade lower.
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