US Dollar Slips Despite Treasury Yield Bump and Crude Oil Jumps on Supply Woes
The US Dollar has eased from its recent peak as gyrations in risk sentiment cut a swath through markets. If the Fed targets inflation and it hits growth, will USD…
Crude Oil Forecast: API Data Eyed as Energy Traders Fly at Night Amid EIA Debacle
Oil prices shifted higher through APAC trading after positive economic signs. API data due out tonight may have an outsized impact on prices amid the EIA's technical issues.
Australian Dollar Hostage to External Factors but RBA Might Have More Work to Do
The Australian Dollar has consolidated as global machinations play out before domestic factors have any say in direction. Will AUD/USD get a lift from a more hawkish RBA?
USD/JPY Rate to Track Treasury Yields Ahead of US PCE Report
USD/JPY appears to be tracking the recent advance in US Treasury yields as it retraces the decline from the yearly high (136.71).
BTC/USD Prices Fall into APAC Trade as Oil and Metals Catch a Bid
Bitcoin prices fell alongside a move lower in US stocks overnight despite encouraging manufacturing data. Asia-Pacific markets may see the risk-off tone carry over today.
S&P 500 Forecast: Quarter-End Rebalancing Could Spark a Stock Market Rally This Week
S&P 500 declines on Monday after a strong upswing last week, but end-of-quarter rebalancing activity by pension and mutual funds could trigger a stock market rally in the coming days.
Gold Price Forecast: Edging Towards Triangle Support – Levels for XAU/USD
Gold prices have edged lower in recent days, descending towards symmetrical triangle support in place since the end of April.
NZD/USD Forecast: Rebound from Yearly Low Stalls Ahead of 50-Day SMA
Failure to push above the 50-Day SMA (0.6429) may lead NZD/USD to a test of the June 2020 low (0.6185) as the indicator continues to reflect a negative slope.
FX Week Ahead – Top 5 Events: BOE, ECB, & Fed Speeches; Chinese Manufacturing PMI; US PCE Index
The final week of June will have central banks, inflation data, and supply chains in focus.
Crude Oil Price Forecast: Was That a Failed Bearish Breakout?
Crude oil prices dropped sharply last week, but a bullish triangle – a continuation effort – lingers.