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US Dollar Outlook: AUD/USD Whipsaws on Revived Reflation Trade

Posted by By 08/02/2021Posted inForex
FX traders faded US Dollar strength and sent AUD/USD price action whipsawing higher on Monday. Will fresh reflation trade optimism undermine the broader US Dollar rebound?
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Silver Price Forecast: 'Higher Low' Established, Bulls Aren't Done – Levels for XAG/USD

Posted by By 08/02/2021Posted inForex
After washing out weak hands around the retail short squeeze mania, silver prices are back on the up-and-up.
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S&P 500 Price Outlook: Can Stocks Continue to Rally?

Posted by By 08/02/2021Posted inForex
The S&P 500 notched a new record high to start the week as risk assets rallied across the board. With improved sentiment and big tech earnings behind it, can the…
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FX Week Ahead – Top 5 Events: China, Mexico, & US Inflation Data; Fed Speeches; UK GDP

Posted by By 08/02/2021Posted inForex
Price pressures are in focus for market participants with several inflation reports on deck.
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NZD/USD Clears February Opening Range Amid Rebound Off of 50-Day SMA

Posted by By 08/02/2021Posted inForex
The rebound off of the 50-Day SMA (0.7140) may gather pace as NZD/USD clears the opening range for February.
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Canadian Dollar Outlook: USD/CAD Rally Thwarted by Trend Resistance

Posted by By 08/02/2021Posted inForex
Loonie has steadily held back the recent Dollar rally with USD/CAD coiling below technical resistance. Here are the levels that matter on the Loonie charts this week.
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USD/ZAR Price Forecast: Rand Remains Resilient Despite Vaccine Drama

Posted by By 08/02/2021Posted inForex
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Gold Price Forecast: XAU/USD Pulls Back to Resistance After Break Down

Posted by By 08/02/2021Posted inForex
Gold prices broke down with aggression last week; but helped along by a USD breakdown around NFP, price action has already perked back-up. Can Gold bulls hold the line?
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US Dollar Forecast: Time to Fade the DXY Index Rally?

Posted by By 08/02/2021Posted inForex
The US Dollar may not have many bullish catalysts ahead of it.
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EUR/USD Rate Trades in Descending Channel, RSI Retains Bearish Trend

Posted by By 08/02/2021Posted inForex
EUR/USD appears to be trading within a descending channel after snapping the January range, with the RSI still tracking the downward trend carried over from December.
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