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AUD/USD May Rise After PMIs Reveal Robust Recovery as Vaccination Rates Swell

Posted by By 23/11/2021Posted inForex
AUD/USD may rise after PMI data showed robust growth in Australia amid surging vaccination rates. That follows a tough overnight session when the US Dollar surged on Biden's Fed announcement.
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Natural Gas Prices Decline Yet Again, More Pain Ahead?

Posted by By 22/11/2021Posted inForex
Natural gas prices were lower on Monday as weather forecasts for the beginning of December were milder than previously expected.
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S&P 500 Retreats Despite Powell’s Renomination, XLF Gains as U.S. Yields Soar

Posted by By 22/11/2021Posted inForex
The S&P 500 closes lower at the start of the week, despite an earlier rally triggered by Powell's renomination to Fed chair. Meanwhile, the XLF ETF climbs about 1.4% on…
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FX Week Ahead – Top 5 Events: RBNZ Rate Decision; German Ifo Business Climate Index; US Durable Goods Orders; US Core PCE; November FOMC Minutes

Posted by By 22/11/2021Posted inForex
The shortened holiday week packs in all of its important events and releases on Wednesday.
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NZD/USD Rate Outlook Hinges on RBNZ’s Last Rate Decision for 2021

Posted by By 22/11/2021Posted inForex
The Reserve Bank of New Zealand (RBNZ) interest rate decision may sway the near-term outlook NZD/USD as the central bank is expected to deliver another rate hike.
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Gold Price Forecast: Gold Gutted After Powell Nom, XAU/USD Bear Flag

Posted by By 22/11/2021Posted inForex
Gold prices are getting crushed today after Chair Powell was nominated for a second term, giving more credence to the 'transitory' narrative around inflation.
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EUR/USD Rate Weakness to Persist as RSI Holds in Oversold Zone

Posted by By 22/11/2021Posted inForex
EUR/USD may continue to give back the advance from the July 2020 low (1.1185) as long as the Relative Strength Index (RSI) holds in oversold territory.
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Nasdaq 100 Forecast: U.S. Tech Stocks Remain Attractive as Real Yields Decline, Powell Reappointed

Posted by By 22/11/2021Posted inForex
The reappointment of Fed Chair Jerome Powell had Nasdaq 100 investors cheering as hesitation abated. Falling real yields continue to buoy elevated NDX levels but technicals point to a looming…
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Jerome Powell Tapped by Biden for Second Term as U.S. Federal Reserve Chair

Posted by By 22/11/2021Posted inForex
Arguably the most dovish chairman in recent Fed history, Jerome Powell, will continue to helm the U.S. Federal Reserve in a post-pandemic economy. Markets reacted well, with USD up and…
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Powell versus Brainard: Next Fed Chair Pros and Cons

Posted by By 22/11/2021Posted inForex
US President Joe Biden is expected to make his decision on who will be the next Fed Chair in the coming days.
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