EUR/USD Nudges Higher, German ZEW Misses as Economic Sentiment Wanes
The single currency is pushing higher against the greenback on US dollar weakness and eyes a re-test of 1.1000 in the near future.
GBP Price Forecast: Things Get Tough for the BoE as UK Labor Data Surprises
GBP/USD is bid this morning after UK labor data showed faster wage growth that brought into consideration another rate hike from the BoE in May.
Australian Dollar Up After RBA Minutes & China GDP Data; Will AUD/USD Sustain Gains?
The Australian dollar has risen after minutes of the RBA’s April meeting showed that members considered a rate hike, and after upbeat China growth data. But will AUD/USD sustain the…
China GDP Beats Expectations; Hang Seng and Shanghai Composite Index To Extend Gains?
China/Hong Kong equities could be gearing up for another leg higher as the recovery in the world’s second-largest economy picks up steam. What could be potential upside in the indices…
US Dollar Outperforms Again, but Key Resistance Holds. USD/JPY Looks More Interesting
The US Dollar (DXY) had its best 2-day performance since early March, but it might be too early to call a reversal in progress. There are key levels that have…
Gold Prices Slip as US Dollar Regains Vigor, Oil Repelled by Cluster Resistance
Gold prices retreat on Monday, undermined by broad-based U.S. dollar strength and rising U.S. Treasury yields. Meanwhile, oil turns lower after failing to clear cluster resistance at $82.60/$83.40.
USD/JPY Breaks Major Trendline Resistance as USD/CAD Defies Key Moving Average
USD/JPY breaks above trendline resistance and reaches its best level since March 15. Meanwhile, USD/CAD rises for the second consecutive day, challenging its 200-day simple moving average.
USD (DXY) Update: Manufacturing Data Lifts Downtrodden Dollar
The US dollar has received a boost from an unlikely manufacturing print that adds weight behind the developing pullback
AUD/USD Price Forecast: Aussie Dollar Sets Eyes on RBA Minutes
AUD/USD trades around the key 0.67 support level as focus shifts to the RBA meeting minutes and Chinese GDP tomorrow.
EUR/USD Back Below 1.1000 as the US Dollar Picks up an Early Bid
US Treasury yields open the session near a two week high, giving the greenback an early boost. EUR/USD is back below 1.1000 but for how long?