Nasdaq 100 Defies Tapering Fears, Nikkei 225 and ASX 200 Trade Higher
The Nasdaq 100 index edged slightly higher despite a Fed official’s comment about tapering bond purchases. AMC soared 95% amid a retail trader frenzy. Asia Pacific markets opened mixed.
AUD/USD Eyes Trade Data as Post-Australia GDP Move Fails at Technical Resistance
Asia Pacific markets may trade in calm waters as investors await the highly anticipated US NFP report. Meanwhile, AUD/USD may see a directional shift after trade data for May crosses the wires.
Gold Forecast Bright on Weak USD; Silver Eyes Multi-Year High
Gold price action advanced for its fourth-week straight as silver soared to multi-year highs thanks to a stubbornly weak US Dollar. Will gold and silver prices rise further or will Fed hawks stymie...
Bitcoin Price Awaits Catalyst as Speculative Mania Heads Elsewhere
Bitcoin trades between two major technical levels as price action slows and the speculative fervor that drove prior volatility shifts to other assets. As a result, Bitcoin may require a catalyst be...
AUD/USD Susceptible to Defined Range Amid Failure to Test May Low
AUD/USD may continue to trade within a defined range amid the string of failed attempts to test the May low (0.7675).
Trading the Digital Yuan: The first central bank-backed digital currency
The digital yuan (aka eCNY) is already being tested in mainland China, and the upcoming release of this new blockchain-enabled central bank digital currency (CBDC) is poised to further disrupt inte...
USD/JPY Approaches May High as Fed Official Expects ‘Further Progress’
USD/JPY approaches the May high (110.20) as Fed Governor Lael Brainard anticipates to “see further progress in coming months.”
Canadian Dollar Outlook: USD/CAD Rejects Support, CAD/JPY Path Higher
All eyes on the employment report to establish trends. USD/CAD fails to break 1.20 while oil prices soar.
USD/ZAR Outlook: Record Unemployment Not Enough to Sway Rand
The Rand has taken fundamental knocks this week but USD/ZAR price action tells a different story. How long will this Rand remain resolute?
Euro Outlook: EUR/USD, EUR/JPY Building on Bullish Support
Euro traders hold strong as focus is shifted to US NFP figures out on Friday