Canadian Dollar Outlook - USD/CAD Surge Now Hitting Extreme Levels
The sharp USD/CAD rally has now pushed the pair into extreme overbought territory according to one technical indicator
South African Rand Price Action Setups: USD/ZAR, EUR/ZAR, GBP/ZAR
The Rand has been hampered this week after the Fed’s hawkish jolt bolstered the U.S. dollar. As we look to close out Q2, will the ZAR be able to hold on as the best performing EM year-to-date?
British Pound Price Outlook: GBP/USD Extends Pullback as Retail Sales Disappoint
GBP/USD continues to slide as the US Dollar attracts further bullish momentum
Gold Prices May Bounce as Markets Digest Fed Policy Pivot
Gold prices may find a lifeline after suffering brutal losses in the wake of a momentous Fed policy pivot as traders ponder scope for rate hikes even as the timing quickens.
Japanese Yen Forecast: Bank of Japan Extends Easy Policy, USD/JPY Unfazed
The Japanese Yen was largely unchanged following the Bank of Japan’s (BoJ) latest policy decision. Policymakers kept the super easy policy in place as Japan lags in its efforts to fight the pandemic.
Dow Jones, Nasdaq 100 Outlook: Reflationary Trade Dissipating, Nikkei 225 Eyes BoJ
The Dow Jones is back to underperforming the Nasdaq 100 as long-run US inflationary bets fade after the Fed. Ahead, the Nikkei 225 is eyeing the BoJ as the ASX 200 appears toppy.
Australian Dollar Sinks Alongside Commodity Prices as Post-FOMC USD Run Continues
The Australian Dollar is down, and maybe out for a while after the FOMC-induced US Dollar surge. The Greenback's strength is also spilling over into the commodities market where lumber prices conti...
Gold Price to Recover if Fed Rate Hike Risk & USD Strength Ebb
Gold price action has plunged over -5% so far this week. Can XAU/USD stage a rebound or will the hawkish Fed dot plot and corresponding US Dollar strength continue to weigh on the precious metal?
USD/JPY Fails at Resistance and Pivots Lower, but the Underlying Trend Remains Bullish
USD/JPY turns lower after colliding with a key technical resistance area, but the dollar bias remains positive post-Fed.
Bitcoin Price Stalls at Resistance - Can BTC Avoid Range-Bound Trading?
Bitcoin trades between two major technical levels as price action threatens range-bound trading.