Canadian Dollar Price Forecast: USD/CAD Tanks, CAD/JPY Jumps Posted by By 07/12/2021Posted inForex The Canadian Dollar is tearing higher today as oil prices continue to run from a key support test. The Bank of Canada is on deck for tomorrow.
Will Markets Scale the Wall of Worry into Year-End? – MKT Call: Macro Posted by By 07/12/2021Posted inForex Concerns around the omicron variant and increased odds of accelerated Fed tapering are starting to get shrugged off.
Apple, Nasdaq, ARKK Jump as China Sounds Support: Is the Santa Rally Here? Posted by By 07/12/2021Posted inForex Stocks are in the midst of a massive rally right now, coming in stark contrast to the fear coursing through equities last week.
Monthly Forex Seasonality – December 2021: US Dollar Typically Slips into Year-End Posted by By 07/12/2021Posted inForex The last month of the year tends to see the greenback fall across the board, while gold and US equities have gained ground recently.
What to Watch in AUD/USD as It Comes Off Big Support Posted by By 07/12/2021Posted inForex AUD/USD tagged a major threshold in days recent, and on that it could continue to extend higher; levels, lines, and scenarios to watch.
USD/CAD Technical Outlook: More Downside Likely Posted by By 07/12/2021Posted inForex USD/CAD is turning sharply lower from resistance and could continue in the near-term to remain under pressure as momentum is strong.
Markets Rallying as Omicron Fears Recede | Sentiment Webinar Posted by By 07/12/2021Posted inForex Trader confidence is picking up as hopes rise that the Omicron coronavirus variant will be less damaging to the global economic recovery from the pandemic than once seemed likely.
Gold Price Currently Lacks Any Meaningful Conviction, Volatility Lies Elsewhere Posted by By 07/12/2021Posted inForex Gold is stuck in a short-term rut with little price action of note, especially when compared to a range of other risk-related assets.
South African GDP Contracts in Q3 After Four Successive Quarters of Growth Posted by By 07/12/2021Posted inForex South African GDP contracted by 1.5% for Q3 as manufacturing, trade and accommodation industries led the decline
EUR/USD Muted Following Mixed ZEW Survey, Euro Risks Remains Lower Posted by By 07/12/2021Posted inForex ZEW Survey highlights reduced investor confidence, bias remains to fade Euro rallies