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US Dollar Surge Ends on an Uncertain Footing: USD/CAD, EUR/USD, AUD/USD, GBP/USD

Posted by By 22/08/2021Posted inForex
The US Dollar rose, but prices ended on an uncertain footing last week. Key developments to watch are USD/CAD’s shooting star, EUR/USD’s wedge, AUD/USD’s hammer and GBP/USD’s triangle.
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Fundamental Forecast For the Week Ahead: USD/ZAR, GBP/ZAR, EUR/ZAR

Posted by By 22/08/2021Posted inForex
Emerging market currencies have continued to underperform relative to select G10 counterparts as risk appetite fades. Jackson Hole and US data ahead
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Australian Dollar Forecast: AUD/USD Collapses to Fresh Yearly Low

Posted by By 22/08/2021Posted inForex
Australian Dollar plummeted more than 3% with a major technical break risking further Aussie losses. The levels that matter on the AUD/USD weekly technical chart.
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Euro Forecast: Further EUR/USD Weakness in Store

Posted by By 22/08/2021Posted inForex
Last Thursday's dramatic drop in EUR/USD below the critical 1.17 level has opened the way for further steep losses in the pair although some consolidation either side of 1.17 is…
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GBP/USD Price Outlook: British Pound Probes Critical Support

Posted by By 21/08/2021Posted inForex
GBP/USD price action plunged nearly 250-pips last week and closed below a key moving average. Will the British Pound weaken further against the Dollar or can the cable cling on…
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Gold Price Tethers as Rapport with USD and Treasury Yields Is Tested

Posted by By 21/08/2021Posted inForex
A quite week for spot gold after a rollercoaster August. Markets await further guidance as Jackson Hole Symposium looms. XAU/USD looks to dollar drivers.
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USDCAD Attempts a Full Rally Despite Broader Market Restraints

Posted by By 21/08/2021Posted inForex
USDCAD made an incredible effort to break from the onerous congestion checking so many other markets to post one of the most convincing trends in FX. Is this a trend…
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Weekly Fundamental US Dollar Forecast: More Tapering Hints at Jackson Hole

Posted by By 21/08/2021Posted inForex
The US Dollar (via the DXY Index) has moved up to fresh yearly highs as traders have begun to anticipate the Fed’s stimulus withdrawal.
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Nasdaq 100 Index Forecast: Technical Pullback Appears To Be Underway

Posted by By 21/08/2021Posted inForex
The Nasdaq 100 index plunged below the 20-Day SMA line and has entered a technical correction. The MACD indicator edged lower, suggesting that downward momentum may be building.
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Bitcoin, Ethereum Pushing Towards Fresh Multi-Week Highs, Alt-Coin Rally Resumes

Posted by By 21/08/2021Posted inForex
The cryptocurrency market is looking in good shape ahead of the weekend with prices breaking out of their recent consolidation phase and pressing higher.
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