Australian Dollar Forecast: AUD/USD Uptrend in Focus as RBA Holds Policy Steady
The Australian Dollar was unfazed as the Reserve Bank of Australia held its benchmark policy and 3-year yield target at 0.10%, as expected.
Bitcoin, Ethereum Forecast: BTC/USD, ETH/USD Bullish Reversal at Hand?
Bitcoin and Ethereum look set to climb higher in the near term, as Citigroup and Goldman Sachs prove additional validation to the cryptocurrency market.
Nasdaq Recovers to Start March as Bond Market Volatility Cools
The Nasdaq Composite moved higher to start the month as moderating government bond yields allowed sentiment to return to markets. Today’s focus will be on the RBA rate decision.
Who Needs Short-Sellers? The Markets NEED Short-Sellers!
With all of the drama and news lately around short-sellers, it is important to understand how necessary and important they are to the US financial markets.
US Dollar Outlook: AUD/USD Primed for Volatility as RBA Looms
The US Dollar traded mixed on Monday as EUR/USD edged lower while commodity currencies strengthened. AUD/USD price action looks teed up for volatility in light of the RBA decision on…
USD/MXN Price Forecast: US Dollar Takes Aim at Major Resistance
The US Dollar has posted a string of gains in recent weeks as rising Treasury yields have threatened risk assets and currencies. USD/MXN may face consolidation as USD strength wanes…
Oil Price Outlook Mired by RSI Sell Signal Ahead of OPEC JMMC Meeting
The Relative Strength Index (RSI) indicates a further decline in the price of oil as the oscillator slips below 70 to offer a textbook sell signal.
Canadian Dollar Forecast: USD/CAD Bears Fail at Support- March Levels
Canadian Dollar is on defense after a key reversal in USD/CAD covered nearly 70% of the 2021 range. Here are the technical levels that matter on the Loonie weekly.
British Pound Technical Analysis: GBP/USD Pullback Grinds Support
The British Pound has been consistently strong so far in 2021 trade, but last week brought a pullback. Can buyers continue the trend?
Gold Price Rebound Vulnerable as RSI Flirts with Oversold Territory
Looming developments in the RSI may indicate a further decline in the price of gold as the indicator flirts with oversold territory for the first time since November.