US Dollar Surrenders Gains Despite FOMC Minutes Taper Talk
The US Dollar is peeling back from session highs as bears fade strength despite the latest FOMC minutes hinting that Fed officials might decide to taper asset purchases before year-end.
US Equities Technical Analysis: S&P 500, Russell 2000 Outlook
With the Fed taper debate heating up as delta variant concerns balloon, US stock markets are beginning to exhibit early signs of technical weakness.
Bitcoin Outlook: BTC/USD Breakout Stalling- Crypto Technicals Levels
Bitcoin surged a staggering 68% off the yearly / June lows with BTC/USD now stalling into uptrend resistance. The levels that matter on the Bitcoin technical charts.
EUR/USD Technical Outlook: Potentially Large Decline in the Works
The Euro is confirming a breakdown from a large one-year topping pattern that will be used as a guide for both the short and intermediate-term trading bias.
AUD/USD Rate Tracks Descending Channel Ahead AU Employment Report
AUD/USD may continue to give back the advance from the November 2020 low (0.6991) as it trades within a downward trending channel.
EUR/JPY IG Client Sentiment: Our data shows traders are now at their most net-long EUR/JPY since Nov 04 when EUR/JPY traded near 122.52.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
US Dollar Technical Outlook: DXY Ready to Challenge Yearly High
The DXY has been firming up for weeks, looking to test and break out above the yearly high set in March.
USD/ZAR Outlook: Risk-Off Sentiment Hampers Rand Ahead of FOMC
The environment for the rand and other emerging market currencies has not been conducive as of late as global factors turn markets away from riskier assets. How will the upcoming…
NZD Surprise by RBNZ, SNB Focus on EUR/CHF Drop to Rise
EUR/CHF downside limited from current levels. RBNZ provides NZD surprise
Euro Outlook: EUR/USD Just Holding On To 1.17 as EUR/GBP Attempts New Breakout
EUR/USD gets closer and closer to breaking below 1.17, EUR/GBP bullish run fizzles out above descending channel