US Dollar (DXY) Muted as US Consumer Confidence Drops
US Consumer Confidence drops on Delta concerns. USD muted with focus on more important data.
Nasdaq 100 Technical Forecast for the Days Ahead
The NDX is quite strong as it hits a minor line of resistance; may retrace here but likely only a corrective dip.
S&P 500 Technical & Sector Outlook: XLRE & XLE in Focus
The S&P 500 remains strong inside a bullish channel but could correct; XLRE and XLE may offer traders opportunities long and short, respectively.
Eurozone CPI: Euro Core Inflation Beats Estimates, EUR/USD Pushes Higher
Core Inflation for the Eurozone comes in at 1.6% vs the 1.5% forecast. EUR/USD reacts by rising above 1.180.
Market Sentiment Webinar: Long Positions Jump in USD/CAD
Trader confidence in riskier assets such as stocks is rising, at the expense of safe havens such as the US Dollar, yet long positions in USD/CAD have risen sharply over…
Australian Dollar Forecast: Further AUD/USD Upside Facing Hurdles
AUD/USD Shrugging Off Covid and China Concerns, However, Further Upside Faces Hurdles
Canadian Dollar Forecast: USD/CAD Breaking Lower and Testing Trend Support
The recent weakness in the US dollar and the pick-up in oil prices is pushing USD/CAD ever lower with a multi-month supportive trendline now under threat.
British Pound (GBP) Price Outlook: EUR/GBP Primed for Move Higher
While GBP/USD continues to benefit from US Dollar weakness, the EUR/GBP chart shows a symmetrical triangle pattern that could signal another leg upwards.
NZD/USD Jumps, Nikkei 225 Up on Japan Data Beat, Hang Seng Lower After China PMI Miss. USD Sidelined?
NZD higher as USD softens in Asia, while APAC equities reacted to local data after another record high on Wall Street. Will “risk on” continue?
Crude Oil Prices May Struggle at Trend Top, Inventories and OPEC+ Eyed
Crude oil is on the upswing as UK markets reopen after a holiday but prices may struggle on approach to trend resistance. inventory data and an OPEC+ meeting are eyed…