US Dollar May Score Key Break vs. Aussie as Market Mood Sours
The US Dollar may score a key breakout against its Australian namesake as China clamps down on tech firms and the Fed frets out-loud about inflation.
Silver Price Forecast: A Stronger US Dollar May Weigh on XAG
Silver prices traded lower as the US Dollar climbed to a 3-month high after June’s FOMC meeting minutes were released. Prices may continue to consolidate in a tight range with an eye on $25.50 for ...
Crude Oil Price Outlook Remains Chained to OPEC+ Output Uncertainty
Growth-linked crude oil prices weakened over the past 24 hours, remaining depressed by OPEC+ output uncertainty despite a recovery in market sentiment. WTI is eyeing a key trendline.
New Zealand Dollar Technical Forecast: NZD/CAD, NZD/CHF, AUD/NZD Key Levels
The New Zealand Dollar's stance against the Canadian Dollar, Swiss Franc and Australian Dollar look set to strengthen further as technical patterns and levels signal a bullish bias for the Kiwi Dol...
Gold Price Forecast: Delta Variant a Possible Tailwind for XAU/USD?
The quickly-spreading Delta Covid variant poses a potential headwind for the economic rebound narrative. That bodes well for gold prices as it may temper Fed rate hike bets.
S&P 500 Climbs after FOMC Minutes, Nikkei 225 and ASX 200 Open Mixed
The S&P 500 index closed at an all-time high as the FOMC minutes suggested that Fed officials are “patient” in tapering stimulus. Asia-Pacific markets are positioned to open mixed.
New Zealand Dollar: Positive Job Ads May Provide Tailwind for Kiwi Dollar
The New Zealand Dollar is aiming higher against the US Dollar. Positive job ads for June is helping lift sentiment, though markets remain wary over the spreading Delta Covid variant.
Crude Oil Price Outlook: Bullish Drivers to Sputter in Q3
Crude oil price action made an explosive move higher during Q2 with the commodity surging about 25% gain on balance. Oil outlook is less sanguine for 3Q, however, due to waning bullish impetus.
Nasdaq 100 Forecast: Technology Stocks Extend to New Heights With Earnings Ahead
The Nasdaq 100 continues to push to new heights as Treasury yields slip and earnings season approaches. While the outlook is encouraging, consolidation may be required before the next leg higher.
US Dollar Pares Gains Despite Hawkish Tone in FOMC Minutes
The broader DXY Index is erasing gains to trade flat on the day as US Dollar price action pulls back from session highs following the release of June 15-16 Fed meeting minutes.