Canadian Dollar Forecast: Bullish Momentum Favors CAD Gains – Levels for USD/CAD, CAD/JPY Rates
Fresh yearly lows in USD/CAD rates have emerged – will new highs in CAD/JPY rates follow?
AUD/USD RSI Sits in Overbought Zone Ahead of Australia Jobs Report
AUD/USD may continue to carve a series of higher highs and lows as the RSI sits in overbought territory to show the bullish momentum gathering pace.
Markets Week Ahead: S&P 500, US Dollar, Fed, Stimulus, British Pound, Brexit, Gold
Will market volatility pick up heading into 2021? A rollout in the Covid vaccine is being undermined by the ongoing US fiscal stimulus gridlock. Brexit woes are taking a toll…
EUR/USD Technical Outlook – Euro Poised to Rally Further vs Dollar
The Euro continues to hold its ground and appears poised to continue trading higher this week
FX Week Ahead – Top 5 Events: Fed, BOE, & BOJ Meetings; Canadian Inflation; Australian Jobs Report
The final ‘full’ week of the year brings about the last wave of significant event risk from around the globe, including three central bank rate decisions (Fed, BOE, & BOJ).
US Dollar Weakens Further Ahead of FOMC Meeting, USDJPY Nears Multi-Week Low
The US dollar basket is just a handful of pips away from making a fresh 32-month low ahead of Wednesday’s FOMC policy meeting
DAX 30 Heading Higher Despite German Lockdown, EUR/USD Unfazed by ECB
Equity markets regain bullish momentum as Brexit and US stimulus hopes are renewed
GBP/USD Rates Buoyed by Extended Brexit Talks But Will Rally Last?
The extension of Brexit negotiations has notably buoyed the British Pound. However, the lack of meaningful progress on several key issues suggests a no-deal scenario is still a firm possibility.
Gold Prices Trade Lower Amid Stimulus Hopes and Vaccine Rollout
The prospects of a split US stimulus package and the rollout of Pfizer’s coronavirus vaccine sent gold prices lower on Monday. A weaker USD appears to offer little support to…
US Dollar Catches a Break, Will it Last? Fed, ASEAN Central Banks Due Ahead
The US Dollar caught a break after persistent losses, but will it reverse against ASEAN currencies like the Indonesian Rupiah and Philippine Peso? Keep an eye on external risks like…