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S&P 500, Dow Jones, Nasdaq 100 Outlook: Upward Bias Still Intact

Posted by By 07/06/2022Posted inForex
U.S. stocks are still set up to continue recovering off the lows, but rally may be bumpy; levels and lines to watch.
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Japanese Yen Latest – USD/JPY Prints a Fresh 20-Year High

Posted by By 07/06/2022Posted inForex
The Japanese Yen continues to slump in value against a range of other major currencies as widening interest rate differentials hammer JPY.
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EUR/USD Update: Thursday’s ECB Rate Decision, Macro Projections Analyzed

Posted by By 07/06/2022Posted inForex
The ECB is due to communicate its interest rate decision along with crucial macro projections which could determine the pace of policy normalization
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S&P 500 Forecast: Rally Selling to Persist, Rising US Rates a Concern

Posted by By 07/06/2022Posted inForex
S&P 500 bias remains a fade on rallies as US benchmark yield tops 3%
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British Pound (GBP) Forecast: Political Uncertainty Adds to Gloomy UK Growth Outlook

Posted by By 07/06/2022Posted inForex
GBP/USD continues to move sideways after Boris Johnson’s no-confidence vote enhances an already grim expectation of the pound.
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Australian Dollar Roars Higher After RBA Hike by 0.50%. Where to for AUD/USD?

Posted by By 07/06/2022Posted inForex
The Australian Dollar spiked after the RBA surprisingly moved the cash rate target to 0.85%, an increase of 0.50%. Will AUD/USD rally from here?
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Crude Oil Price Forecast: Inventory Data in Focus as Demand Side Strengthens

Posted by By 07/06/2022Posted inForex
Crude oil prices may rise further this week amid a healthy picture for global demand. Traders are eyeing API and EIA inventory data due out over the next couple of…
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Euro Technical Outlook – EUR/USD Stalls While EUR/JPY Gains. Will Euro Strength Widen?

Posted by By 07/06/2022Posted inForex
The Euro has been trading sideways to the US Dollar as a reversal struggles to assert itself and EUR/JPY has regained momentum. Can EUR/USD break higher?
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Gold Price to Eye May Low on Break of Monthly Opening Range

Posted by By 07/06/2022Posted inForex
The price of gold may give back the rebound from the May low ($1787) if it snaps the opening range for June.
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Bitcoin Paces Higher Alongside Dollar Ahead of RBA Rate Decision

Posted by By 06/06/2022Posted inForex
Bitcoin prices rose alongside US stocks as sentiment modestly rebounded. The Japanese Yen fell to a fresh multi-decade low against the Dollar. APAC traders have the RBA rate decision in…
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