USD/CAD Price Forecast: Loonie Eyes Further Gains to End Week on a High
The loonie is on course for modest gains against the rampant greenback this week thanks to an uptick in Canadian inflation and rate hike expectations. Will the BoC Return to…
USD Price Forecast: Dollar Index (DXY) Looks to Fed Chair for Guidance
The U.S. dollar remains at the mercy of Fed officials today with Fed Chair Jerome Powell in focus.
US Stocks: S&P 500 Tags New Yearly High on Debt Ceiling Optimism
US equities edge higher on improved sentiment. Although, a stronger US dollar, higher yields and increasing expectations of another rate hike in June could cap gains
US Dollar Eyeing Best 2-Week Performance Since September, Eyes on Resistance
The US Dollar is eyeing its best 2-week period since September after debt ceiling deal bets and rosy jobless claims data added fuel to DXY’s rally. What are key levels…
Nasdaq 100 Pulls Off Epic Breakout, Rockets to New 2023 Highs, Defying Gravity
The Nasdaq 100 stages a bullish breakout and rises to its best levels since April 2022. While the outlook remains constructive, caution is warranted, with the market approaching overbought territory
Gold Prices Crushed by Resurgent Yields & Strong Dollar, Bullish Outlook in Peril
Gold prices sink and reach their lowest level since early April, pressured by a stronger U.S. dollar and rising Treasury yields, a combination of developments that is challenging the metal’s…
US Dollar Price Forecast: DXY Builds on Gains as Yields, Data Improve
Optimism around a deal to raise the debt ceiling lifted sentiment but DXY appears supported by better than feared economic data, rising rate expectations and yields
Germany 40 IG Client Sentiment: Our data shows traders are now at their least net-long Germany 40 since May 07 when Germany 40 traded near 15,989.80.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bullish contrarian trading bias.
Crude Oil Price Forecast: Brent & WTI Caught Between Supply & US Factors
Brent and WTI crude oil prices have recovered since early May lows as markets look to Fed speak, supply disruptions and the US debt ceiling for guidance.
Bitcoin (BTC/USD) Price Latest: Struggling to Reclaim Recent Highs Despite Debt Talk Optimism
US debt ceiling talks yesterday between President Biden and House Speaker McCarthy may have paved the way for an agreement to be reached, giving risk markets, including the cryptocurrency space,…