Indian Rupee at Risk as RBI Lowers GDP Estimates, Boosts Bond Buys. USD/INR Eyes NFPs
The Indian Rupee weakened after the RBI increased bond purchases and lowered GDP estimates at June’s rate decision. Ahead, USD/INR is eyeing US non-farm payrolls after a wedge breakout.
Natural Gas Forecast: Key Trendline in Focus as Strong Exports Provide Support
Natural gas is on track to record its second weekly price gain. Strong export figures have helped underpin prices and remain in focus, but short-term weather and inventory drivers may inject volati...
Nasdaq 100 Retreats, Hang Seng May Fall on Escalating US-China Tensions
The Nasdaq 100 index pulled back ahead of Friday’s nonfarm payrolls data, as fears about Fed tapering geared up. The Hang Seng Index faces a headwind of re-escalating US-China tension.
Babylon, Telehealth Startup, Set to Go Public Following $4.2 Billion SPAC Deal
British telehealth startup Babylon is set to take public markets by storm following a massive $4.2 billion merger with Alkuri Global Acquisition Corp.
Chinese Yuan Forecast: USD/CNH May Surrender Gains Despite Rising US-Sino Tensions
The Chinese Yuan continues to weaken from a 3-year high, but USD/CNH downside may continue even amid rising US-Sino tensions.
AUD/USD Snaps Lower; US Dollar Volatility to Rise as NFPs Loom
AUD/USD turned sharply lower on Thursday and broke neckline support, providing confirmation of the bearish head and shoulder pattern. Will the US Dollar strengthen further on NFPs due for release?
Nasdaq 100 Awaits NFP Report as Index Threatens Range-Bound Price Action
The Nasdaq 100 awaits an update on the domestic employment landscape in the form of the non-farm payrolls report as seasonal headwinds weigh on price action. A data surprise could revive volatility.
Central Bank Watch: Fed Speeches, Interest Rate Expectations Update
The June FOMC meeting is under two weeks away, and it’s becoming evident that policymakers are beginning to lay the foundation for initial QE tapering efforts.
Oil Price Forecast: Break of March High Negates Double Top Formation
The price of oil may approach the 2018 high ($76.90) as the break above the March high ($67.98) removes the threat of a double top formation.
Canadian Dollar Price Outlook: USD/CAD Ahead of NFP - Loonie Levels
USD/CAD has finally found some support that can hold. But will sellers relent, even with Oil prices breaking out to fresh highs?