Australian Dollar Recovery in Focus for 2Q: Top Trade Opportunities
AUD/USD may continue to retrace the decline from last year as the exchange rate is on the cusp of testing the October high (0.7556), but the diverging paths for monetary…
Euro Slides on Ukraine War Negotiations Hurdles Ahead of ECB Meeting. Where to for EUR/USD?
The Euro is under pressure today in the aftermath of US CPI and ongoing war worries ahead of the ECB. Will EUR/USD break lower?
S&P 500, Dow Jones Forecast: Wall Street at Risk as Retail Traders Boost Long Exposure
The S&P 500 and Dow Jones may be increasingly at risk as retail traders increase their bullish bets on Wall Street. What are key technical levels to watch to the…
New Zealand Dollar Boosted by RBNZ 0.50% Hike. Will NZD/USD Rally Continue?
The New Zealand Dollar continued to firm after the RBNZ raised rates by 50 basis-points to 1.50%. Where to for NZD/USD?
AUD/USD IG Client Sentiment: Our data shows traders are now net-long AUD/USD for the first time since Mar 17, 2022 when AUD/USD traded near 0.74.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
AUD/USD Eyes Chinese Trade Data as APAC Traders Weigh RBNZ Bets
The Australian Dollar may react to today's trade data out of China where a Covid outbreak is ongoing. APAC traders are also weighing the chance for a 50-basis point rate…
Nasdaq 100 Outlook: Traders Sell the Rip as Inflation Remains a Headwind
U.S. stocks rose earlier in the day after core CPI grew less than expected, but gave up all gains and finished lower as the macroeconomic environment remains challenging for risk…
USD/CAD Rate Pulls Back from 50-Day SMA Ahead of BoC Rate Hike
The Bank of Canada (BoC) interest rate decision may drag on USD/CAD as the central bank is expected to deliver its third rate hike in 2022.
Gold Technical Forecast: Gold Surges as Bulls Go for Break
Gold prices are surging back towards the highs but a key technical confluence stands in the way… The levels that matter on the weekly chart.
S&P 500 and Nasdaq 100 Snap Back to Life Following US CPI Report
The Nasdaq 100 and S&P 500 put Monday's dreadful session in the rearview mirror, with both benchmarks posting near 1% gains.