AUD/USD Breaks Out of Descending Channel to Trade Above 50-Day SMA
AUD/USD may stage a larger recovery over the remainder of the week as the exchange rate trades above the 50-Day SMA (0.7375) for the first time since June.
NZD/USD Faces Key Resistance As Bullish Momentum Ripens
NZD/USD attempting to break out of its key resistance area after an impressive bullish run
USD/ZAR Forecast: Rand Back on Top as Best Performing EM Currency
The rand has exhibited a strong few weeks as it becomes the best performing emerging market currency against the dollar YTD, but has this ZAR rally run out of steam? Markets look to NFP’s for guida...
US Dollar Price Action: USD Selloff, AUD/USD Shorts Covered, EUR/USD Upside Stalls
USD selling off into NFP, AUD negatives in the price, EUR setting up for ECB dove trap?
Bitcoin (BTC/USD) Punching Through $50k, Ethereum (ETH/USD) Hits Another Multi-Month High
The cryptocurrency market is in full swing with prices across the board showing hefty gains, led by Bitcoin breaking back above $50k.
British Pound (GBP) Price Outlook: GBP/USD, EUR/GBP Both Close to Reversing
GBP continues to move in opposite directions against USD and EUR: gaining against the Dollar but weakening against the Euro. However, resistance is nearing and both trends could soon reverse.
Australian Dollar Gassed Up But Iron Ore Drop Aborts Lift Off. Where To for AUD/USD?
AUD/USD tried to go higher today on good data news but iron ore is moving lower while other commodities firm up. Which way will AUD/USD go?
Crude Oil Prices May Drop Back From $70 on US Jobs Report
Crude oil prices may turn lower having rebounded toward the $70/bbl figure if US jobs data flags a slowdown in hiring even as wage inflation remains elevated.
Gold Price Forecast: XAU/USD Eyes Covid, Initial Jobless Claims as NFP Nears
Gold traders have the US jobs market in tight focus as rising Covid cases boost the yellow metal's safe-haven appeal. Initial jobless claims will offer the last hint on the US labor market before F...
S&P 500 Supported by Real Estate, Nikkei 225 Eyes Falling Triangle Chart Pattern
The S&P 500 ended flat, supported by the real estate sector after a soft ADP jobs report sent investors into tech stocks. The Nikkei 225 is eyeing a Descending Triangle chart pattern.