Gold Prices May Fall as US PCE Data Stokes Fed Rate Hike Bets
Gold prices may resume last week’s violent selloff if the US PCE inflation gauge overshoots forecasts, reviving accelerated Fed rate hike speculation.
Crude Oil Prices at Risk as Chart Setup Hints at Fading Momentum
Crude oil prices may turn lower as technical positioning warns that upside momentum may be fading. May’s US PCE report is focus as Fed policy speculation continues to swirl.
Dow Jones Rebound May Lift Sentiment for Nikkei 225 and ASX 200
Wall Street stocks rallied following the approval of a $579 billion infrastructure deal. The S&P 500 and Nasdaq 100 both hit all-time highs. Asia-Pacific markets may follow a positive lead and trad...
New Zealand Dollar Forecast: Improved Trade Balance, Westpac OCR Update to Lift NZD?
New Zealand reported positive trade data for May as the New Zealand Dollar gained against the US Dollar following a technical victory overnight.
Canadian Dollar Price Outlook: Will USD/CAD Resume its Rally?
The Canadian Dollar has recovered lost ground against its USD peer over the last few trading sessions, but the Loonie might weaken again with USD/CAD looking like it wants to head higher.
Major Banks Pass Fed Stress Test With Flying Colors, Paving the Way for Dividends and Share Buybacks
The Federal Reserve released stress test results for major US financial institutions on Thursday, with banks showing strong health and sufficient capitalization.
Nasdaq 100 Outpaces Dow Jones as Reflation Trade is Put on Pause
High-growth technology stocks listed on the Nasdaq 100 look to be back in the driver’s seat as the popular reflation trade loses steam and drags the Dow Jones lower.
Mexican Peso Gains on Banxico’s Rate Hike Surprise and Hawkish Shift, USD/MXN Sinks
Banxico surprises investors and raises its overnight interest rate by 25 basis points to 4.25%, causing the Mexican peso to rise sharply against the dollar.
S&P 500 Leaps to All-Time High on Infrastructure Agreement
The S&P 500 Index is extending its rally to fresh all-time highs as stocks advance further on the session in response to President Biden announcing a bipartisan infrastructure deal has been reached.
Gold Price Forecast: Gold Grasps at Fibo Support but Sellers Vigilant
Gold prices took a massive hit last week, but the sell-off stopped at a big spot of support. Sellers, however, haven't yet let up as a short-term range has built.