Oil Price Forecast: Crude Technical Outlook Mired by RSI Sell Signal
A textbook sell signal has emerged in the Relative Strength Index (RSI) as the oscillator falls back from overbought territory and slips below 70.
AUD, NZD Outperforms, US Rates Rally Hits Tech Stocks – US Market Open
US futures get off to a soft start as US rates continue to rally.
S&P 500, Nasdaq 100 Starting the Week off Weak, Levels to Watch
U.S. stocks are set up to continue their recent run of weakness; levels and patterns to watch should momentum keep pushing the market lower.
Markets Week Ahead: Dow Jones, US Dollar, Crude Oil, Fed, Treasuries, NZD/USD, RBNZ
Market sentiment was a mixed bag as the Dow Jones gained but the Nasdaq Composite weakened. Crude oil prices turned lower. All eyes are on Fed Chair Jerome Powell amid…
US Dollar Short Squeeze Risks, USD/JPY Upside, NZD/USD Overbought – COT Report
Japanese Yen underperforms as US rates rally, NZD overbought ahead of RBNZ and USD short squeeze concerns ease.
DAX 30 Struggles to Consolidate Head and Shoulders Pattern, IFO Sentiment Data Improves
The DAX 30 remains confined between 14,000 and 13,800 as equites start to feel the squeeze from rising bond yields
British Pound (GBP) Latest: UK Government to Unveil Plans for Lifting Lockdown Restrictions
Sterling is trading either side of 1.4000 ahead of government plans to lift covid-19 restrictions. The plan is said to be data driven and cautious.
Euro Price Forecast: Stimulus Progress, Inflation Data to Buoy EUR/USD
US fiscal stimulus progress, Federal Reserve Chair Powell’s congressional testimony and positive inflation data may open the door for EUR/USD to extend its recent rebound.
Gold Price Forecast: Rising Yields, USD and Powell's Testimony in Focus
Gold prices bounced off a key support level as the US Dollar retreated. Rising treasury yields may exert downward pressure on precious metals. Powell’s semiannual monetary policy report testimony i...
US Dollar Forecast: Gaining Ground as ASEAN Weaken, Eyes on Fed Chair Powell
The US Dollar gained against most ASEAN currencies this past week, such as the Indonesian Rupiah and Philippine Peso. Will this continue? Eyes are on Fed Chair Jerome Powell.