Gold, Iron Ore Forecast: Rising Yields Weigh on XAU, Iron Ore Languishes
Gold prices face off with rising Treasury yields as jobs data approaches. Meanwhile, iron ore prices caught a small bid on bullish port activity out of China.
Swiss Franc Technical Analysis – CHF/JPY, GBP/CHF, CAD/CHF. Can Ranges Hold?
The Swiss Franc has been moving sideways against many currencies, but there are possibilities unfolding in CHF/JPY, GBP/CHF and CAD/CHF. Will they break-out?
Dow Jones Gains as Nasdaq 100 Sinks, Crude Oil Boosts Energy Stocks. ASX 200 in Focus
The Dow Jones outperformed the Nasdaq 100 as crude oil prices pushed energy stocks higher. The ASX 200 may find some relief as iron ore prices appear to stabilize after…
Dow Jones Falls, Nasdaq 100 Gains Ahead of the Fed. Nikkei 225 Eyeing the BoJ
The Dow Jones fell as the Nasdaq 100 gained during a fairly quiet session ahead of the FOMC rate decision. Ahead, the Nikkei 225 is eyeing the BoJ monetary policy…
NZD/USD Struggles as RBNZ Hike Bets Dim. Australian Retail Sales, Chinese Data Near
The New Zealand Dollar is struggling to gain strength after traders cut RBNZ rate hike bets this past week. Today offers potential event risk through China's industrial profits and Australia's…
Mexican Peso Outlook: Higher U.S. Yields Weigh on EMFX, Banxico on Tap this Week
Rising U.S. Treasury rates could weigh on the Mexican peso and EMFX in the near-term, especially if upside moves in yields are large and occur over a short period of…
Bitcoin (BTC/USD), Ethereum (ETH/USD) Grind Away at Support
Both Bitcoin and Ethereum continue to hold support even after China banned cryptocurrencies again. Ethereum is holding a range while BTC tests a longer-term spot of support.
FX Week Ahead – Top 5 Events: Fed Chair Testimony; China Manufacturing PMI; Eurozone Inflation Rate; US PCE; US Manufacturing ISM & PMI
The last days of September bring about a slew of important data releases from some of the world’s major economies.
Gold Price Outlook: Gold Drops into Pivotal Support- XAU/USD Levels
Gold prices plunged more than 5% off the September highs with XAU/USD trading at support ahead of the October open. The levels that matter on the Gold technical charts.
USD/NOK Rates Hit New Low; USD/CHF, USD/SEK Rates See Improved Bullish Momentum
The US Dollar is perking up against a basket of European currencies.