US Dollar Setup: USD/CAD, USD/JPY, EUR/USD Ahead of FOMC

Posted June 16th, 2021 by BonTrade and filed in BonTrade News

The US Dollar is holding range as investors await Fed’s views on rising prices

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US Dollar Setup: USD/CAD, USD/JPY, EUR/USD Ahead of FOMC

Crude Oil Price Outlook: Strength to Persist as Global Economy Expands

Posted June 16th, 2021 by BonTrade and filed in BonTrade News

The price of Brent crude oil has hit its highest level since April 2019 and is well placed to advance further although, as ever, prices could consolidate first.

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Crude Oil Price Outlook: Strength to Persist as Global Economy Expands

Chinese Yuan (CNH) Muted While China's Economic Recovery Slows

Posted June 16th, 2021 by BonTrade and filed in BonTrade News

Softer than expected economic data reinforces view that the Chinese economic recovery is slowing.

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Chinese Yuan (CNH) Muted While China's Economic Recovery Slows

British Pound (GBP/USD) Boosted As UK Inflation Beats Expectations

Posted June 16th, 2021 by BonTrade and filed in BonTrade News

GBP/USD moved back towards 1.4100, despite a robust US dollar, after the latest UK inflation report showed price pressures continuing to build.

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British Pound (GBP/USD) Boosted As UK Inflation Beats Expectations

Gold Prices Extend Lower as Traders Eye FOMC For Tapering Clues

Posted June 16th, 2021 by BonTrade and filed in BonTrade News

Gold prices fell for a fourth day and broke a key chart support ahead of the FOMC meeting. Uncertainties surrounding the Fed’s timeline for tapering stimulus weighed on bullion and risk assets.

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Gold Prices Extend Lower as Traders Eye FOMC For Tapering Clues

Swiss Franc Technical Forecast: USD/CHF, EUR/CHF, CHF/JPY Charts to Watch

Posted June 16th, 2021 by BonTrade and filed in BonTrade News

The Swiss Franc has seen a bout of strength in recent months against several peer currencies. Here are technical levels to watch in USD/CHF, EUR/CHF, and CHF/JPY.

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Swiss Franc Technical Forecast: USD/CHF, EUR/CHF, CHF/JPY Charts to Watch

Crude Oil, USD/RUB Outlook : WTI Rising Before Fed, Biden-Putin Summit Volatility Risk

Posted June 16th, 2021 by BonTrade and filed in BonTrade News

WTI continues to soar higher as global demand continues to outpace supply. Higher oil prices are strengthening the Russian Ruble ahead of the G7 meeting between Putin and Biden.

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Crude Oil, USD/RUB Outlook : WTI Rising Before Fed, Biden-Putin Summit Volatility Risk

Dow Jones Retreats Ahead of FOMC, Nikkei 225 and ASX 200 Open Lower

Posted June 16th, 2021 by BonTrade and filed in BonTrade News

Wall Street stocks were trading in a cautious mood on Tuesday as investors weighed disappointing retail sales data ahead of the FOMC meeting. Asia-Pacific markets may follow lower. Crude oil advanced.

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Dow Jones Retreats Ahead of FOMC, Nikkei 225 and ASX 200 Open Lower

New Zealand Dollar Faces Pressure After Widening Current Account Deficit

Posted June 15th, 2021 by BonTrade and filed in BonTrade News

The New Zealand Dollar may face some additional pressure following the island-nation's current account deficit widening. Kiwi Dollar traders are looking ahead to tomorrow's GDP figures.

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New Zealand Dollar Faces Pressure After Widening Current Account Deficit

US Dollar Outlook: USD Volatility to Rise with Fed Decision Due

Posted June 15th, 2021 by BonTrade and filed in BonTrade News

US Dollar volatility is likely to accelerate during Wednesday's trading session with the Federal Reserve set to release its latest monetary policy update. How might the Fed decision impact USD pric…

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US Dollar Outlook: USD Volatility to Rise with Fed Decision Due