Gold Prices Fall as Strong PPI Readings Boost Yields, USD Rises

Posted April 12th, 2021 by BonTrade and filed in BonTrade News

Gold prices edged lower as stronger-than-expected Chinese and US PPI readings boosted longer-dated Treasury yields. However, a “Double Bottom” chart pattern points to upside potential.

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Gold Prices Fall as Strong PPI Readings Boost Yields, USD Rises

US Dollar Outlook: Bond Yields, Powell and CPI in Focus. USD/SGD Eyeing MAS, Chinese GDP

Posted April 12th, 2021 by BonTrade and filed in BonTrade News

The US Dollar was flat against SGD, THB, IDR and PHP as falling Treasury yields offset potential gains from Emerging Market Stock declines. Ahead, all eyes are on Chinese GDP, US CPI, Powell and th…

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US Dollar Outlook: Bond Yields, Powell and CPI in Focus. USD/SGD Eyeing MAS, Chinese GDP

New Zealand Dollar Forecast: NZD/USD, NZD/JPY Key Levels with RBNZ on Tap

Posted April 12th, 2021 by BonTrade and filed in BonTrade News

The Reserve Bank of New Zealand’s is expected to reiterate its dovish stance, despite a remarkable rise in housing prices, which may open the door for NZD/USD, NZD/JPY to track lower in the near term.

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New Zealand Dollar Forecast: NZD/USD, NZD/JPY Key Levels with RBNZ on Tap

Dow Jones, Nikkei 225, ASX 200 Outlook: Bank Earnings in Focus as US Stocks Hit Records

Posted April 12th, 2021 by BonTrade and filed in BonTrade News

Stocks on Wall Street closed at all-time highs as investors anticipated a strong earnings season ahead. Futures across Asia Pacific look set to ride this tailwind and trade higher.

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Dow Jones, Nikkei 225, ASX 200 Outlook: Bank Earnings in Focus as US Stocks Hit Records

USD/CNH Forecast: Yuan Loans Data May Show China’s Appetite for Stimulus

Posted April 11th, 2021 by BonTrade and filed in BonTrade News

The Chinese Yuan and Asia-Pacific equity markets may move on incoming March new loans data. Meanwhile, traders will be eyeing an interview with US Fed Chair Powell.

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USD/CNH Forecast: Yuan Loans Data May Show China’s Appetite for Stimulus

Markets Week Ahead: Dow Jones, S&P 500, Bonds, Gold, NZD, RBNZ, Bank Earnings

Posted April 11th, 2021 by BonTrade and filed in BonTrade News

The Dow Jones and S&P 500 pushed further into all-time highs amid falling Treasury yields and a weaker US Dollar. Gold seems to be finding some momentum. Ahead, earnings season is underway for majo…

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Markets Week Ahead: Dow Jones, S&P 500, Bonds, Gold, NZD, RBNZ, Bank Earnings

Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead

Posted April 11th, 2021 by BonTrade and filed in BonTrade News

Earnings season begins this week with the arrival of quarterly reports from the country’s largest banks. Can they shrug off losses from the recent Archegos blowup and rally higher or will risk aver…

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Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead

Mexican Peso Price Forecast: USD/MXN Tumble Continues Despite Banxico's Message of Caution

Posted April 11th, 2021 by BonTrade and filed in BonTrade News

USD/MXN is keeping nicely to its descending trendline, aiming below the 20 pesos mark in the short-term.

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Mexican Peso Price Forecast: USD/MXN Tumble Continues Despite Banxico's Message of Caution

Euro Forecast: EUR/USD Outlook Tilted to the Downside in Week Ahead

Posted April 11th, 2021 by BonTrade and filed in BonTrade News

EUR/USD has been climbing gently in the past few days after its recent steep falls. However, that was probably just position-squaring ahead of further weakness.

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Euro Forecast: EUR/USD Outlook Tilted to the Downside in Week Ahead

US Dollar Fundamental Outlook Hinges on Treasury Yield Volatility

Posted April 10th, 2021 by BonTrade and filed in BonTrade News

The US Dollar has faced notable headwinds over recent trading sessions with the DXY Index down over -1% so far this month. Will inflation data due reinvigorate Treasury yield volatility & USD bulls?

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US Dollar Fundamental Outlook Hinges on Treasury Yield Volatility