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Crude Oil Forecast: EIA Data in Focus After API Stockpiles Build

Posted by By 20/10/2021Posted inForex
Oil prices are pulling back slightly in APAC trading after API data showed a build in US inventory. Energy traders have EIA data in focus as fundamentals remain broadly supportive.
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New Zealand Dollar Outlook: NZD/USD, EUR/NZD, NZD/CAD – Where to for Kiwi?

Posted by By 20/10/2021Posted inForex
The New Zealand Dollar has had some strong momentum as it made a multi-year high against the Euro. Can the run continue to break new ground against USD and CAD?
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S&P 500, Dow Jones Forecast: Wall Street Indices May Rise as Retail Traders Sell

Posted by By 20/10/2021Posted inForex
The S&P 500 and Dow Jones may rise as retail investors shift back to selling the Wall Street major benchmark stock indices. Record highs and resistance levels are fast approaching.
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Silver Price Outlook: XAG/USD Gains on US Dollar Weakness, Broad Risk-on Sentiment

Posted by By 20/10/2021Posted inForex
Silver prices gained by roughly 2% on Tuesday as risk-on sentiment pushed risk assets & precious metals higher, USD lower.
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AUD/USD Probes September High as APAC Traders Eye China’s Lending Rates

Posted by By 19/10/2021Posted inForex
The Australian Dollar made a strong push higher overnight as Wall Street traders buy up stocks. Chinese lending rates and Australian Westpac data is in focus for APAC traders.
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Nasdaq 100 Outlook: Tech Stocks Continue Higher as Netflix Posts Strong Q3 Results

Posted by By 19/10/2021Posted inForex
The tech-heavy Nasdaq 100 Index pushed higher on Tuesday as market participants eagerly awaited key earnings releases. Netflix beats on earnings and new subscribers.
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Mexican Peso Outlook: Improved Risk-Appetite Hammers USD/MXN as EMFX Gains Ground

Posted by By 19/10/2021Posted inForex
USD/MXN could continue to retreat in the short term if U.S. equities extend their recovery and risk appetite remains high in global markets.
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Canadian Dollar Technical Analysis: CAD Bulls Face Exhaustion – Levels for CAD/JPY, USD/CAD

Posted by By 19/10/2021Posted inForex
Recent price action in CAD-crosses speaks to near-term exhaustion by the Loonie, which may harken some profit taking before the rally resumes.
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Australian Dollar Forecast: AUD/USD Rips – Breakout Levels

Posted by By 19/10/2021Posted inForex
Australian Dollar surged 4.4% off the September low with the Aussie breakout stretching to three-month highs. Levels that matter on the AUD/USD weekly technical chart.
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Oil, Copper Outlook: US Crude (WTI) Oil Tests 2014 Levels as The Energy Crisis Intensifies

Posted by By 19/10/2021Posted inForex
Oil prices climb to 2014 levels as supply constraints weigh on energy prices. Commodity sector eyes inflation data and inventories.
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