US Dollar Bearish Breakouts in Focus: USD/SGD, USD/THB, USD/IDR, USD/PHP
The US Dollar could be vulnerable to more weakness against ASEAN currencies in the week ahead. Downside breakouts are in focus for USD/SGD, USD/THB and USD/IDR.
Japanese Yen May Have Range Trade Opportunities as Momentum Stalls. Will the USD/JPY Trend Resume?
The Japanese Yen has continued to range trade against the US Dollar, but a break might be brewing. If so, will bearish or bullish momentum prevail for USD/JPY?
Markets Week Ahead: Nasdaq 100, US Dollar, NFPs, Canadian Dollar, BoC, China PMI Data
Global markets are taking full advantage of cooling Federal Reserve rate hike expectations. The Nasdaq 100 is soaring and the US Dollar is tanking. Are traders getting ahead of themselves?…
Stock Market Outlook: S&P 500, DAX 40, FTSE 100, Nikkei 225
There was some much needed respite among the major global equity indices this past week, but that relief was likely a by-product of the liquidity drain before a holiday weekend.…
US Dollar Eases Back from Two-Decade High, Key Levels Showing Up
The DXY Dollar Index has been on a year-long, relentless climb; but the currency seems to have taken a breather. With a retreat from 105 or bounce from 1.0350 for…
Euro Week Ahead: EUR/USD Rebound in Focus, but Total Reversal Seems Unlikely
The Euro saw its best two-week performance since January as the markets boosted ECB rate hike bets and cooled Fed tightening expectations. EUR/USD still faces multiple obstacles next.
Gold Prices May Rise as US Recession Fears Cool the Fed’s Interest Rate Outlook
Gold prices may continue to recover in the coming days if U.S. economic data worsens and cools bets for a more aggressive Federal Reserve monetary policy outlook.
Canadian Dollar May Lose Ground Even as the BOC Delivers
The Canadian Dollar may continue to pull back unless the BOC manages a convincing hawkish surprise at the upcoming monetary policy announcement. That looks like a tall order.
S&P 500, Nasdaq, Dow Technical Forecast: Stock Reversal Levels
Stocks snapped a seven-week losing streak with the indices responding to key downtrend support. Levels that matter on SPX500, Nasdaq & Dow weekly technical charts.
Bitcoin Weekly Forecast: Price Continues to Hold Key Support – Is a Breakout on the Cards?
Bitcoin continues to tread water above key support as JP Morgan says there is tremendous upside for the space. Is a breakout in the making?