AUD/USD Gains on Solid GDP Beat, Will Australian Dollar Continue Higher?
The Australian Dollar moved higher immediately after local GDP numbers were released for the second quarter. Will AUD/USD test resistance?
Dow Jones Ends Solid Month on a Downbeat as ASX 200 Focuses on a Rising Wedge
The Dow Jones weakened to wrap up a solid month for stocks on Wall Street. Ahead, Australia’s ASX 200 may look past local GDP data as the focus remains on…
Australian Dollar Forecast: AUD/USD Eyes Q2 GDP to Kick Off September Trading
The Australian Dollar finished August with a loss against the US Dollar. AUD/USD is eyeing Australia's second-quarter GDP print today to kick off the new trading month.
Nasdaq 100 Forecast: Stocks Retreat Slightly to Round Out a Strong August
Major US equity indices finished lower on Tuesday as risk assets took a breather following Monday's robust move higher.
S&P 500 Shines in August but Could Face Headwinds in September. Why?
The S&P 500 rises 2.9% in August to mark its seventh consecutive monthly gain, but equities could pull back in September on the prospect of tax hikes and monetary tightening.
Bitcoin Support, Ethereum Breaks Out; Solana and Cardano the Focal Points
Non-fungible tokens continue to drive moves in the crypto space with Solana jumping by 90% in less than a week.
USD/CAD Reverses Ahead of 200-Day SMA as Canada GDP Contracts
USD/CAD appears to have reversed course ahead of the 200-Day SMA (1.2539) as Canada’s GDP report shows an unexpected contraction in the second quarter of 2021.
Euro Price Forecast: Euro Defends Yearly Low– EUR/USD Recovery Levels
Euro rebounded off downtrend support last week with the rally now approaching downtrend resistance. Levels that matter on the EUR/USD weekly chart into September / NFP.
What’s Next for US Stocks, Oil, and the US Dollar After Jackson Hole? – The Macro Setup
Tapering isn’t tightening, and with a taper announcement thus far not having arrived, ‘risk’ is back ‘on.’
Gold Price Outlook Mired by Failure to Test August High
The price of gold may consolidate ahead of the US Non-Farm Payrolls (NFP) on tap for later this week amid the failed attempt to test the monthly high ($1832).