Euro ( EUR) Forecast – Punchy Fed Rate Hike Will Force EUR/USD Ever Lower
The Euro is facing a range of central bank headwinds next week with the FOMC rate decision the most significant. Parity may soon turn into stiff resistance for EUR/USD.
GBP Price Forecast: Sterling Slumps Ahead of BoE, Fed and SNB Meetings
The pound struggles to halt recent selling ahead of a week dominated by major central bank meetings. Institutional sentiment reveals continued bearish GBP bets
AUD/USD Forecast: Chinese Data Helps Aussie Dollar Stay Afloat
A beleaguered Aussie manages to keep its head above water on the back of Chinese data this morning, while AUD/USD tests the 0.67 support zone.
US Dollar Grinds Higher as the Canadian Dollar Drops. Where to for USD/CAD?
The US Dollar held the high ground across the board today, supported by a lift in Treasury yields as markets eye off a jumbo hike from the Fed next week.…
Crude Oil and Gold Prices Sink to Support as US Data Keeps a Hawkish Fed in Focus
Crude oil and gold prices fell sharply on Thursday as solid US economic data bolstered the case for a hawkish Fed. Heading into the weekend, traders are eyeing University of…
Gold Breaks Support, USDCNH Breaks Resistance but S&P 500 Circling Ahead of UofM
It will likely prove difficult to spur the S&P 500 or other distinctly 'risk' oriented benchmarks to a serious run until the Fed decides on whether to hike 100bps next…
USD/CAD Rebound from 50-Day SMA to Clear September Opening Range
USD/CAD may push towards the November 2020 high (1.3371) as the exchange rate clears the opening range for September.
Chinese Yuan Eyes Economic Data as USD/CNH Rises Above Key Level
The Chinese Yuan slipped below the critical 7 level versus the US Dollar, and USD/CNH looks ready for more upside. Chinese economic data is in focus as a risk-off move…
USD/JPY Forecast: Failure to Clear Monthly High Keeps Range Intact
USD/JPY may consolidate ahead of the Federal Reserve meeting amid the failed attempt clear the monthly high (144.99).
S&P 500, Nasdaq, Dow Drive into Support as Recession Fears Linger
U.S. indices fell as prices pushed into key supports in the Dow, S&P and Nasdaq, with focus shifting towards next week’s FOMC rate decision.