Canadian Dollar Technical Pattern Forming, Hints at a Bullish USD/CAD Continuation
A ‘cup and handle’ formation is being made on the USD/CAD daily chart suggesting higher prices may be seen in the future
British Pound (GBP) Price Outlook: Mildly Positive Ahead of BoE Meeting
Several factors could help GBP/USD modestly over the next couple of days but no significant move is likely ahead of the Bank of England’s policy meeting Thursday.
Gold, Crude Oil, Copper Forecast: Markets Recalibrating After FOMC Week
Increased rate bets following June's FOMC rate decision roiled markets, including commodities. Crude oil received a boost on Iran's election, while gold and copper look to incoming inflation data o...
Nasdaq 100 Rebounds as Tapering Fears Ease, Hang Seng and ASX 200 Climb
The Nasdaq 100 rebounded as Fed Chair Jerome Powell’s comments soothed market fears about tapering. This may set a positive tone for APAC trade. Bitcoin tumbled after China intensified a crackdown ...
US Dollar Forecast: Fed Offers Best Week in Months, Pressuring SGD, THB, IDR, PHP
The US Dollar may gain versus ASEAN currencies like the Singapore Dollar, Thai Baht and Philippine Peso after the Fed projected 2 rate hikes by the end of 2023. All eyes on US PCE data.
NZD/USD Rebound May Extend on Q2 Consumer Confidence Amid Shaky Global Sentiment
The New Zealand Dollar rebounded overnight following a sharp weekly decline against the US Dollar. An upbeat Westpac consumer confidence print may help the Kiwi Dollar extend gains.
Banxico Expected to Keep Rates at 4%, but a Hawkish Pivot May Support the Mexican Peso
Banxico will announce its June monetary policy decision on Thursday. No change in interest rates is expected, but the central bank could adopt a more hawkish forward guidance.
Stock Market Forecast: Amazon's Prime Day is Making Retailer History
Amazon is making history with its Prime Day event that has seen company sales surpass totals tallied on Black Friday and Cyber Monday combined. Can Amazon reel in massive profits again this year?
AUD/USD Rebounds From Fresh 2021 Low with RSI Buy Signal Taking Shape
AUD/USD bounces back from a fresh 2021 low (0.7477), with the RSI indicating a textbook buy signal as it rebounds from oversold territory and climbs back above 30.
Canadian Dollar Forecast: USD/CAD Surge Pulls Back - Loonie Levels
After showing one of the cleanest USD trends coming into June, USD/CAD has reversed aggressively as the Fed took on a less dovish tone. Do USD/CAD bulls have more room to run?