Canadian Dollar Price Forecast: USD/CAD Sinks to Support – Loonie Levels
USD/CAD held support at a big spot last week, even as USD was pushing lower. Can USD/CAD bulls hold the line even as Oil prices threaten a breakout?
Natural Gas Surge to Multi-Year Highs as US Production Restored after Ida
US production of natural gas shuddered ahead of Hurricane Ida is reopening and the alleviation of the temporary supply constraint has pulled futures prices back from their highest levels since…
AUD/USD Threatens Descending Channel Ahead of Australia GDP Report
The update to Australia’s GDP report may push AUD/USD out of a descending channel as the economy is expected to grow at a record pace.
US Dollar Technical Forecast: DXY Outlook in Limbo
The USD pullback is testing the teetering uptrend from the May low; how will the market respond here as the retracement deepens?
UK Pound Forecast: Sterling Setups for the Week Ahead, GBP/USD, EUR/GBP
Sluggish Sterling expected due to UK holiday but the outlook is set to pick up ahead of major event risk later this week. GBP setups considered
EUR/USD Price Forecast: Fed and ECB Accommodative as Euro Opens Flat
European consumer confidence data did little to sway the subdued EUR/USD start to trading this week as traders look ahead to key Euro and dollar economic data while technicals take…
Gold (XAU/USD) Prices Pullback after Breaking above $1,800
Gold prices remain supported by key psychological support at $1,800, NFP report key event risk for commodities?
US Dollar Weakens as Dovish Fed Lifts Stocks, Bonds, Commodities and Other Currencies. Where To From Here?
The US Dollar licked its wounds in Asia-Pacific trade after sinking in Friday’s action that saw Fed Chair Powell maintain a dovish mantra. Can gold continue to benefit?
US Dollar Broader Uptrend Teeters on Edge: USD/SGD, USD/THB, USD/IDR, USD/PHP
The US Dollar is losing ground to most ASEAN currencies, with the Singapore Dollar, Thai Baht, Philippine Peso and Indonesian Rupiah making a comeback. Is this USD’s turning point?
EUR/JPY, GBP/JPY, CHF/JPY: Will Japanese Yen Weakening Resume Against European Currencies?
The Yen has been weakening against EUR, GBP and CHF since May 2020, but there are some indications it may have put in a bottom for now. Will the trend…