USD/CAD Price Forecast: Employment Data Lifts Canadian Dollar
Canadian employment data sees USD/CAD trade lower. The pair continues to pullback after testing confluence support
British Pound Latest – GBP/USD Trying to Confirm New Support, NFPs Near
GBP/USD is stuck in another tight range today with very little macro news to spark a move. That will likely change tomorrow with the highly anticipated release of the latest…
EUR/USD Eyeing Key Support Test Ahead of NFP
EUR/USD failed to reach the 1.1000 level yesterday before a resurgent dollar saw the pair retreat to daily support around the 1.0900 handle. Where to next for EURUSD?
Gold Price Forecast: XAU/USD Echoes Uncertain Global Sentiment
Gold prices are cautious ahead of Friday’s NFP data as conflicting fundamental factors remain in play. XAU/USD holding above $2000.
Caixin Services Beats Expectations; Shanghai Composite and Hang Seng to Gain??
Stronger-than-expected services activity data bodes well for China’s growth outlook as the Shanghai Composite index and the Hang Seng index test key resistance. What is the outlook and what are…
Crude Oil Slides as US Data Underwhelms Pushing Yields Down. Lower WTI?
The crude oil price slipped again today as markets digest the implications of US data missing forecasts to send the US Dollar higher and Treasury yields lower. Will WTI crumble?
Economic Woes Aid Japanese Yen; More Downside in USD/JPY, AUD/JPY, EUR/JPY?
The Japanese yen could maintain a firm tone against the US dollar and some of its peers amid concerns about a slowing global economy following a spate of underwhelming macro…
US Dollar Gains on Soft Data that May Signal a Shift in Market Perception for USD
The US Dollar is stronger today amid a break in correlations of markets with discerning data interpretation moving into focus. If the twist remains in play, will USD go higher?
Nasdaq 100 Dips as Soft ISM Services Data Fuels Economic Woes, Will Support Hold?
The tech-heavy Nasdaq 100 underperformed on Wednesday as soft US ISM Services data fueled economic woes. Will key support hold as traders turn towards Thursday’s session?
Gold Prices Pause Ahead of US Jobs Data but Fresh Record Highs Remain in Sight
Gold takes a pause and moves without conviction on Wednesday ahead of the March U.S. jobs report, but maintains a bullish outlook and could soon reach fresh all-time highs.