Euro Forecast: EUR/USD Susceptible to Oversold RSI Signal
Another move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in EUR/USD like the behavior seen earlier this month.
Gold Price (XAU/USD) Continues to Breakdown, Looming US Jobs Data Now Key
Gold’s woes continue as the precious metal struggles to regain any of its recent losses ahead of June’s US ADP jobs report
DAX 30 Outlook: Bearish Reversal Resumes, Unfazed by Unemployment Drop
European stocks turn negative on the last day of the first semester of 2021
Euro Latest: EUR/USD Falling to Key Support, Euro Area Inflation Dips
EUR/USD break below 1.1900 opens door to key support. Focus on tier 1 US data.
British Pound (GBP) Price Outlook: More Losses Likely for GBP/USD
GBP/USD looks to be heading lower near-term as its decline from 1.40 a week ago persists despite signs of a truce in the so-called sausage wars between the UK and the EU.
US Dollar May Rise if ADP Jobs Data Supports Hawkish Fed Pivot
The US Dollar may extend higher if the ADP gauge of private-sector US jobs growth underpins a cautiously hawkish Fed monetary policy pivot.
Crude Oil Prices Climb Ahead of OPEC+ Meeting, Viral Concern Eases
Crude oil prices held gains on vaccine optimism as traders awaited the OPEC+ meeting for clues about production hikes. API reported a sixth consecutive weekly fall in crude inventories.
Gold Prices Fall as Moderna Vaccine Optimism Strengthens the US Dollar
Gold prices fell almost 1% on Tuesday as the US Dollar strengthened after Moderna’s Covid-19 vaccine was shown to be effective against the Delta variant. Prices remain fragile ahead of Friday’s non...
Iron Ore Forecast: Prices May Stay Depressed Despite Upbeat Chinese Manufacturing PMI
Iron ore faces a tough recovery this week despite upbeat Chinese manufacturing PMI figures from the National Bureau of Statistics (NBS).
Dow Jones Steady as Tech Stocks Rally, Hang Seng May Rebound
The Dow Jones closed modestly higher after a lab report showed Modena’s Covid-19 vaccine is effective against the Delta strain. The Nasdaq 100 hit an all-time high. APAC markets may rebound.