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Crude Oil Forecast: EIA Report in Focus as Prices Tackle Confluent Resistance

Posted by By 25/08/2021Posted inForex
Crude and Brent oil prices rose alongside broader markets as sentiment rebounded. Traders are focusing on the upcoming EIA inventory report after Australia and New Zealand saw Covid cases rise.
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Nasdaq 100, S&P 500, Dow Jones Technical Outlook for the Week: Momentum Slowing?

Posted by By 25/08/2021Posted inForex
The Nasdaq 100, S&P 500 and Dow Jones futures started off the week with an aggressive rise, but momentum seems to be heading in the opposite direction. What is the…
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IBEX 35, Euro Stoxx 50 Outlook Remains Constructive, Jackson Hole Symposium Eyed

Posted by By 25/08/2021Posted inForex
European stocks look to rebound from their worst week since February, with market participants remaining cautious ahead of Friday's Fed Jackson Hole Economic Policy Symposium.
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NZD/USD Gains as US Dollar Sinks Despite Falling RBNZ Rate Hike Bets

Posted by By 24/08/2021Posted inForex
The New Zealand Dollar is gaining against the US Dollar for a second session as markets shift further into a risk-taking mood. The PBOC's recent pledge to support credit growth…
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Gold Price Outlook: XAU/USD Mired by Fed Symposium Risk

Posted by By 24/08/2021Posted inForex
Gold price action has rebounded nicely from its flash crash earlier this month. XAU/USD now seeks clarity from the Fed at this week's annual Jackson Hole Symposium before making its…
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EUR/USD Susceptible to Dovish ECB Guidance Ahead of Fed Symposium

Posted by By 24/08/2021Posted inForex
The account of the ECB meeting may undermine the recent rebound in EUR/USD as the Governing Council appears to be on a preset course.
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US Dollar Drops as the S&P Drives, Crypto Finally Begins to Pull Back

Posted by By 24/08/2021Posted inForex
Markets are gearing up for Jackson Hole and it seems that there are scant expectations for any announcement of taper; or, anything different, really.
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Mexican Peso Gains Ahead of Jackson Hole. Will the Fed Rock the Boat for EMFX?

Posted by By 24/08/2021Posted inForex
The Mexican peso and other high-yielding EMFX will likely gain ground against the dollar if the Fed signals at the Jackson Hole Symposium it will wait longer before announcing a…
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NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Aug 16, 2021 23:00 GMT when NZD/USD traded near 0.70.

Posted by By 24/08/2021Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.
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How Will Jackson Hole Impact the US Dollar, Stocks, & Gold? – The Macro Setup

Posted by By 24/08/2021Posted inForex
Financial markets are showing increased volatility in the run-up to Fed Chair Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium later this week.
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