Natural Gas Prices May Fall Further on Warmer Weather, Technical Outlook
Natural gas prices may see further losses despite a perch above chart support after falling last week as NOAA called for warmer temperatures.
Australian Dollar Aims Higher Despite Mixed Response to China Trade Data
The Australian Dollar may be at risk of a short-term pullback against its major counterparts after dismissing robust trade data out of China, the nation’s largest trading partner.
Dow Jones, Hang Seng Weekly Open: Edging Higher with Fading Momentum
Asia-Pacific markets attempted to digest mixed macro data and vaccine news after major US stock indices closed at their record highs. A disappointing nonfarm payroll report reignited hopes for poli...
British Pound at Risk on Brexit Impasse, Yen Up as Market Mood Sours
The British Pound is wobbly amid worries about a last-ditch Brexit deal. The Yen as up as markets fret about soft US jobs growth and escalating tensions with China.
Markets Week Ahead: GBP/USD, Brexit, EUR/USD, ECB, Dow Jones, Vaccine Doses
Market sentiment improved as the Nasdaq Composite, Dow Jones climbed. Investors are looking forward to Covid relief bills from the US as the world heads for its first vaccine doses.…
S&P 500 May Be Vulnerable To a Pullback if the US Dollar Rebounds
The S&P 500 index exhibited a strong negative correlation with the US Dollar over the past 12 months. A potential rebound in the US Dollar may derail stock markets’ upward…
US Dollar Technical Forecast: EUR/USD, GBP/USD, AUD/USD, USD/CAD
US Dollar bears were able to break free while pushing the USD to fresh two-year-lows. But can they maintain?
USD/MXN Forecast: Bearish Case is Weakening as Peso Strength Might Become an Issue
USD/MXN stalls above key support as Bearish Pressure Seems to Recoil Slightly
Euro Outlook Hinges on Key Breakouts: EUR/USD, EUR/GBP, EUR/JPY, EUR/NZD
The Euro technical outlook seems slightly bullish, with EUR/USD, EUR/GBP and EUR/NZD eyeing technical breakouts. There may be upside potential in EUR/JPY, but prices face key resistance.
Pound Technical Outlook – GBP/USD, Week Ahead Could be a Defining One
Cable is flirting with a potentially massive breakout as the 13500 level comes under siege; the week ahead could be a defining one.