US Dollar Breakouts Struggling to Hold? USD/SGD, USD/IDR, USD/MYR, USD/PHP
The US Dollar extended losses against ASEAN currencies, but some breakouts struggled holding. What is the road ahead for USD/SGD, USD/IDR, USD/MYR and USD/PHP?
Mexican Peso Outlook: USD/MXN May Swing Lower on Chance Banxico Holds Rates
The Bank of Mexico interest rate decision is on tap later today. Economists largely expect a 25 basis point cut, but several no-cut forecasts exist which could open the opportunity…
S&P 500 Lifted by Tech Gains, ASX 200 Eyes Key Chart Resistance
The technology sector regained strength on Wall Street, with the Nasdaq surging over 2% while the S&P 500 registered a smaller gain. The ASX 200 index may attempt to challenge…
Japanese Yen: USD/JPY May fall as Election Gives Way to Rising Covid Cases
The Japanese Yen may strengthen, causing USD/JPY to follow a falling wedge as election headlines fade away. The Covid situation continues to evolve across the globe and Yen strength may…
Gold Price Outlook: Will a Covid Vaccine Kill the Bull Case for Gold?
Gold has been on a rollercoaster ride this week as it suffered a significant retracement Monday, only to begin recouping losses as the week progressed. But has the fundamental landscape…
Nasdaq 100 Outlook: Tech Stocks Consolidate Before Next Move
The Nasdaq 100 has been subjected to considerable volatility this week, surging near a new all-time high before falling back to support around the mid-line of September’s move. Where is…
Implied Volatility: What is it & Why Should Traders Care?
Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.
US Dollar Clings to Long-Term Trendline, Confluent Support Lurks Below
USD weakness has run through the Presidential Election, but a major area of long-term support has come into play. Can it arrest the declines in the US Dollar?
Australian Dollar Forecast: Aussie Rally at Critical Trend Resistance
Australian Dollar is testing a critical technical confluence at multi-year downtrend resistance. These are the levels that matter on the AUD/USD weekly technical chart.
USD/CAD Price Outlook: Canadian Dollar Strength Ebbs Near 1.30
The Canadian Dollar has been on a tear higher over the last two weeks, but USD/CAD selling pressure is starting to fizzle out as bulls defend the 1.30-price level in…