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Australian Dollar, S&P 500 May Rise as Georgia Senate Race Boosts Stimulus Bets

Posted by By 07/01/2021Posted inForex
The Australian Dollar may rally with the S&P 500 despite Capitol Hill’s temporary lockdown as markets welcome fiscal stimulus prospects after Democrats likely won both Senate seats in Georgia.
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USD Price Outlook: US Dollar Mixed Amid Clash on Capitol Hill

Posted by By 06/01/2021Posted inForex
The US Dollar lacked clear direction during Wednesday's trading session as USD price action gyrated in response to surging Treasury yields and disconcerting developments on Capitol Hill.
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FTSE 100 Forecast: Can the Bullish Break Out Continue Post-Brexit?

Posted by By 06/01/2021Posted inForex
The FTSE 100 has charged higher this week, adding to gains established over the last few months. Can it continue higher now that Brexit has passed?
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AUD/USD Pushes Above April 2018 High as RSI Sits in Overbought Zone

Posted by By 06/01/2021Posted inForex
The Relative Strength Index (RSI) indicates a further appreciation in AUD/USD as the oscillator holds in overbought territory.
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Monthly Forex Seasonality – January 2021: Start of Year Favors CAD, Gold Strength; USD Weakness

Posted by By 06/01/2021Posted inForex
January typically brings about US Dollar weakness, while the commodity currencies (and commodities themselves) tend to do well.
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Oil Price Outlook: Crude Breakout Spills into 2021- Resistance Ahead

Posted by By 06/01/2021Posted inForex
Oil prices surged more than 51% off the November lows with the breakout now eyeing uptrend resistance. Here are the levels that matter on the WTI technical chart.
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Canadian Dollar Forecast: USD/CAD Falling Wedge Threatens Reversal

Posted by By 06/01/2021Posted inForex
The past eight months have been especially bearish for USD/CAD. Jumping from a two-year-low, can bulls stage anything more than a pullback?
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Gold Price Forecast: Blue Wave Bolsters Bullion – Levels for XAU/USD

Posted by By 06/01/2021Posted inForex
Good news for gold prices as Democrats’ wins in the Georgia Senate Runoff Elections increases the odds of more fiscal stimulus.
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EUR/USD Rate Approaches April 2018 High Despite RSI Divergence

Posted by By 06/01/2021Posted inForex
EUR/USD clears the range bound price action from earlier this week even though the RSI diverges with price, with Euro Dollar approaching the April 2018 high (1.2414).
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US Tech Stocks Break Down, FTSE 100 Soars, USD/JPY Upside Capped – US Market Open

Posted by By 06/01/2021Posted inForex
Democrats on Course for Blue Wave Following Georgia Senate Election
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