EUR/USD Technical Analysis: 2016 Low and Parity Coming into Focus
The EUR/USD continues to be a falling knife as the USD rallies strong across the board; big levels to watch below.
US First Quarter GDP Shrinks 1.4%, S&P 500 Holds Gains but Uncertainty Rises
The U.S. economy takes a turn for the worse and contracts during the first quarter of the year, weighed down by a negative contribution from net exports and inventories.
DAX and FTSE Extend Gains – Earnings Overshadow Uncertain Outlook
DAX 40 and FTSE 100 have held onto gains despite4 threats from Russia to cut off supplies of oil and gas. Earnings overshadow geopolitical risks boosting demand for equities
Short EUR/CAD: Top Trade Opportunities
The first quarter of 2022 ended with the US dollar, Australian dollar and Canadian dollar as standout performers while the Turkish Lira, Russian Ruble, Japanese Yen and the Euro were…
Japanese Yen Collapse, Beware of Intervention, EUR/GBP Maintains Range Trade
BoJ YCC pledge prompts JPY drop. However, intervention risks are rising.
US Dollar (DXY) Probes a New 20-Year High, US Q1 GDP May Disappoint
The US dollar is nearing highs last seen in December 2002 ahead of the first look at Q1 GDP which may stall the recent greenback surge.
Crude Oil Price Breakout Ahead? Iran Nuclear Deal in Focus
Brent crude oil prices may spike if the US and Iran cannot revive the 2015 nuclear deal, with the ensuing geopolitical fallout in the region increasing supply disruptions risks.
Japanese Yen Falls, USD/JPY Soars as Bank of Japan Commits to Defending 10Y JGB Target
The Japanese Yen weakened as the Bank of Japan maintained benchmark lending rates and the 10-year bond yield target despite boosting inflation estimates. Where to for USD/JPY?
Euro Technical Forecast: EUR/USD Eyeing 2017 Bottom After Clearing 2020 Low
The Euro may have more room to fall after EUR/USD cleared the 2020 low. Now, the 2017 bottom is in sight as retail trader positioning data is underscoring a bearish…
Crude Oil Price Reversal Emerges Ahead of April Low
The price of crude oil appears to be reversing course ahead of the monthly low ($92.93) as it extends the series of higher highs and lows from earlier this week.