AUD/USD Trades Within Head-and-Shoulders Formation Ahead of RBA
The Reserve Bank of Australia (RBA) interest rate decision may undermine the head-and-shoulders formation in AUD/USD if the central bank alters the forward guidance.
FX Week Ahead – Top 5 Events: RBA Rate Decision; FOMC Minutes; Mexico Inflation; China Inflation; Canada Jobs
The economic calendar has turned to a new month and quarter, but the holiday weekend has thinned out what would otherwise be a supersaturated economic calendar.
Euro Forecast: EUR/AUD, EUR/CAD, EUR/NZD Rates Outlook
From a longer-term perspective, the Euro appears weak versus the commodity currencies.
USDJPY Outlook A Correction or Reversal of the Prevailing Bull Trend?
Amid a rising tide that has seen many risk-leaning assets climb to new highs, USDJPY topped a 12 month high last week that cleared out key tech levels. So, is…
Gold Price Forecast: Gold Trendline Bounce, Possible Double Bottom
Gold prices have given up as much as 14.4% in early 2021 trade, continuing the theme of Gold weakness from the August high. Is that course set to change?
Oil Price Susceptible to Rise in US Output Following OPEC JMMC Meeting
A further rise in US crude output may drag on the price of oil as OPEC and its allies are on track to gradually reverse the production cuts in response…
Strong Beat in March ISM Services PMI Sends Index To Record High
The ISM Services Report for March hit a new pandemic high at 63.7 versus a forecast of 59.0, marking a strong month for the services sector.
US Dollar Technical Analysis: DXY Levels and Outlook for the Days Ahead
The DXY is working its way higher towards resistance; can it stay on path before reaching key levels?
Trouble for EUR/CAD, EUR/NOK: Q2 Top Trading Opportunities
The Euro has lost a significant amount of ground against the commodity-sensitive Norwegian Krone and Canadian Dollar in the first quarter of 2021. These losses appear to stem from the…
Equities Q2 2021 Fundamental Forecast
The Dow Jones, S&P 500 and Nasdaq 100 enjoyed an encouraging start to the year before stumbling into the second quarter.