USD/CAD Outlook: OPEC+ Delay Keeps CAD Supported, USD Picks Up Momentum Ahead of ISM and Fed Meeting Minutes
USD/CAD fails to break lower as US Dollar buyers reappear
Crude Oil Price Continues to Rally After OPEC+ Meeting is Abandoned
Brent crude is trading at highs last seen in late-October 2018 after the latest OPEC+ meeting was unexpectedly called off with no new output boost in view
British Pound (GBP) Latest: Sterling Boosted by UK Government Re-Opening Plan
GBP given additional boost as UK Government announces final stage plans of re-opening the economy.
Gold Prices at Two-Week Highs as The US Dollar Falls, Eyeing $1,800
Gold prices traded at two-week highs as a weaker US Dollar bolstered the appeal of the yellow metal. The MACD indicator formed a bullish crossover, hinting at further price gains.
Australian Dollar Up as the RBA Scales Down QE, Talks Up Recovery
The Australian Dollar fell as the RBA moved to reduce the size of weekly QE asset purchases while talking up a stronger-than-anticipated economic recovery.
USD/JPY to Try to Move Higher out of Macro Wedge: Q3 Top Trading Opportunities
USD/JPY had been in a narrowing range the past few years, and on that was a chart that had been of interest for some time for the very reason that it hadn't been of much interest to the broader mar...
Crude Oil Gains to Persist; Stocks to Stay on Their Rocket: Q3 Top Trading Opportunities
Despite some twists and turns, the first half of the year was indeed about the growth story, and heading into 3Q’21, it appears that the tune will remain the same.
Nasdaq 100 at Record High, ASX 200 Eyes RBA Meeting for Clues
The Nasdaq 100 closed at an all-time high as strong NPF data boosted market confidence. Oil prices rallied after OPEC+ talks broke down again. The RBA meeting will be closely eyed by APAC traders.
Short USD/BRL on BCB’s Aggressive Tightening: Q3 Top Trading Opportunities
The Brazilian real has been one of the best performing emerging market currencies during the second quarter of 2021, gaining more than 14% against the US dollar.
Equities Q3 Fundamental Forecast: Stocks to Enjoy Continued Economic Recovery, Seasonality a Concern
The Dow Jones, S&P 500 and Nasdaq 100 entered the third quarter on the back of yet another strong showing in the post-pandemic era as stocks continued to climb across all sectors.