US Dollar Outlook: DXY Aims Higher on Robust Data, Taper Risk
The US Dollar is trading broadly stronger on Thursday as the DXY Index spikes 0.6% higher in the wake of robust economic data releases and mounting investor angst around the Fed taper debate.
EUR/USD Rate Reserves Ahead of May High with NFP Report on Tap
EUR/USD appears to have reversed course ahead of the May high (1.2266) as the exchange rate extends the series of lower highs and lows from the monthly high (1.2254).
USD/TRY Forecast: USD/TRY Record High, Volatility Rising on Policy Easing Risks
USD/TRY hits a fresh record high as risks of premature policy easing rises
Russian Wealth Fund to Slash US Dollar Holdings to Zero - Reinvest in EUR, Gold, and Yuan
Russian Finance Minister says US dollar holdings in the country’s wealth fund will be cut to 0%
FTSE 100 Stumbles as Updated Travel List Looms
European airlines struggle to keep bullish momentum as concerns grow regarding limited countries being added to the “green list”.
EUR/GBP Price Outlook - Multi-Week Trading Range Coming Under Pressure
EUR/GBP continues to offer traders a well-defined trading range although support looks to be straining
British Pound (GBP) Price Outlook: Ranges Hold Ahead of US Payrolls Data
Like most other markets, GBP/USD is trading in a tight range ahead of Friday’s US jobs report that will likely determine the next significant move in the pair.
Crude Oil Prices Soar on Demand Hopes, US Inventories and Jobs Data Eyed
Crude oil prices soared to a 32-month high amid hopes for a post-Covid pickup in demand. EIA inventories data and Friday’s US jobs report are now in the spotlight.
Gold Price Analysis: XAU/USD May Rise with Retail Trader Short Bets Ahead of NFPs
Gold prices climbed despite Fed’s Patrick Harker alluding to an eventual scale back of bond purchases. Ahead of NFPs this week, XAU/USD may rise as retail trader short bets accumulate.
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...