Gold Prices May Drop as US CPI Drives Fed Outlook Speculation
Gold prices may fall if higher-than-expected August US CPI data stokes bets on a relatively hawkish outing at next week’s FOMC monetary policy announcement.
Crude Oil, Uranium Forecast: Prices Rise on OPEC Report, Wall Street Bets Mentions
Crude and Brent oil are on track to extend higher as Gulf Coast supply disruptions and a positive OPEC report bolster sentiment. Uranium is on a massive surge, aided by the famous Wall Street Bets ...
Dow Jones, Energy Stocks, Crude Oil Rise After OPEC Report. Nikkei 225 May Gain
The Dow Jones climbed as crude oil prices boosted energy stocks after OPEC’s monthly outlook report. Ahead, the Nikkei 225 may follow Wall Street higher during Asia-Pacific trade.
New Zealand Dollar Forecast: NZD/USD Trades Cautiously Ahead of Q2 GDP Data
The New Zealand Dollar is largely unchanged after modest gains overnight. Traders are focusing in on Q2 GDP growth data set to cross the wires later this week.
US Dollar Moves Lower as US Federal Budget Deficit Totals $171B in August
The Federal Government budget deficit widened by $171 billion in August as the fights over the debt ceiling and infrastructure rage on.
Key Week for Bond Yields with US CPI on Tap, Nasdaq and IEF at Risk of a Downswing?
Long-end US Treasury yields are likely to rise over the medium term. This could weigh on the Nasdaq index and trigger a sell-off in certain ETFs such as IEF or TLT.
AUD/USD Rate to Face Contraction in Australia Employment
The update to Australia’s Employment report may drag on AUD/USD as job growth is expected to contract for the second time in 2021.
FX Week Ahead - Top 5 Events: Canada, UK, & US Inflation Rates; Australia Jobs Report; US Retail Sales
The turn through the middle of September promises another week of important data releases.
US Dollar Price Action Setups Pre-CPI: EUR/USD, GBP/USD, USD/CAD
The US Dollar is falling after another test of resistance in the 92.80 zone, but the focus is shifting to tomorrow's CPI report.
USD/CAD Forecast: Inverse Head-and-Shoulders Pattern Takes Shape
The break above the January high (1.2881) in USD/CAD may continue to reflect a change in the broader trend as an inverse head-and-shoulders pattern takes shape.