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Forex

Australian Dollar Stuck Despite Trade Data Boost. Will the RBA Kick AUD/USD Higher?

Posted by By 02/06/2022Posted inForex
The Australian Dollar struggled to capitalize in the aftermath of trade numbers that beat expectations, providing ammunition for RBA hikes. Where to for AUD/USD?
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USD/JPY Rate Reversal Takes Shape Ahead of 50- Day SMA

Posted by By 02/06/2022Posted inForex
USD/JPY may track the positive slope in the 50-Day SMA (127.19) as the exchange rate reveres ahead of the moving average.
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Bitcoin Drops Alongside US Stocks as Treasury Yields Weigh on Sentiment

Posted by By 01/06/2022Posted inForex
Bitcoin prices sank more than 5% as US stocks closed lower on the first trading day of the month. That dour tone may bleed into the APAC session as traders…
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S&P 500 Sags as Strong US Manufacturing Data Sparks Surge in Treasury Yields

Posted by By 01/06/2022Posted inForex
The S&P 500 falls for a second straight day as strong US manufacturing data increases the likelihood that the Fed will have to continue to front-load hikes to cool demand…
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Copper Price Technical Analysis: Bullish Momentum Gathers Pace

Posted by By 01/06/2022Posted inForex
Copper prices have continued their rebound from their May lows.
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EUR/USD Struggles to Hold Above 50-Day SMA Ahead of NFP Report

Posted by By 01/06/2022Posted inForex
Data prints coming out of the US may keep EUR/USD under pressure as the Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market.
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Australian Dollar Technical Forecast: AUD/USD Rally Stalls into June

Posted by By 01/06/2022Posted inForex
Aussie surged more than 5.8% off fresh yearly lows with the rally now testing downtrend resistance. The levels that matter on the AUD/USD weekly technical chart.
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Monthly Forex Seasonality – June 2022: Weaker USD, Stronger AUD, CAD, & NZD

Posted by By 01/06/2022Posted inForex
The sixth month of the year is usually good for risk, and weaker for the US Dollar.
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Canadian Dollar Forecast: After BOC, What’s Next for CAD/JPY & USD/CAD?

Posted by By 01/06/2022Posted inForex
The Bank of Canada made a hawkish shift with its June rate decision, which sets up the Canadian Dollar on more favorable ground in the near-term.
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Gold Technical Forecast: Gold Price Stable at Support- June Levels

Posted by By 01/06/2022Posted inForex
Gold prices are attempting to stabilize above key support zone into the June open- lookout for possible inflection here. Levels that matter on the XAU/USD weekly chart.
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