Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update
With the COVID-19 delta variant continuing to plague major economies, rate hike odds have shifted dramatically in the past 24-hours.
Canadian Dollar Price Forecast: USD/CAD Threatens Breakout, Inflation on Deck
USD/CAD is testing a big level and tomorrow brings Canadian inflation followed by FOMC minutes. Buckle up.
NZD/USD IG Client Sentiment: Our data shows traders are now at their most net-long NZD/USD since Jul 20 when NZD/USD traded near 0.69.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.
Gold Price Forecast: Four-Day Rally Stalls Ahead of 50-Day SMA
Lack of momentum to climb back above the 50-Day SMA ($1800) may undermine the recent recovery in the price of gold as a ‘death cross’ takes shape in August.
Gold IG Client Sentiment: Our data shows traders are now at their least net-long Gold since Aug 09 when Gold traded near 1,730.91.
Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Gold price trend may soon reverse higher despite the fact…
Dow Jones Industrial Average and Nasdaq 100 Technical Outlook for Days Ahead
Old school stocks are powering higher to new records while the growth tech driven NDX consolidates for another leg up.
US Dollar Shoots Higher vs JPY on US Retail Sales
USD higher on retail sales miss. Outlook for FOMC unchanged, focus is on jobs
Markets Jittery: JPY, CHF, Gold and Treasuries All Benefiting | Webinar
Trader sentiment is poor at present, with safe haven buying of the Japanese Yen, the Swiss Franc, Gold and US Treasury notes seen alongside some selling of European stocks.
Bitcoin, Ethereum Stagnate at Recent Highs, Solana Soars to a New Peak
The cryptocurrency market is taking a breather after touching multi-week highs but Solana continues its recent record-breaking rally.
Snap Lockdown Puts RBNZ Hike into Question, NZD/USD Drops to Three-Week Low
NZD/USD drops 1.7% as economists increase calls for no change at tomorrow’s RBNZ after a 3-day snap lockdown