BTC/USD Recovery Halted on Iran Headlines, but Technicals Hint at More Upside
Bitcoin's recovery from the psychological 30,000 level was interrupted by negative headlines out of Iran. However, the cryptocurrency's technical posture suggest the ride higher may continue.
S&P 500 Index Gains as Trades Eye US GDP, Nikkei and ASX 200 Climb
The S&P 500 index climbed modestly ahead of the release of US GDP, durable goods as well as initial jobless claims data. Asia Pacific markets are positioned for a steady start as inflation fears ab...
Australian Dollar Outlook: AUD/USD to Lift if Chinese Industrial Profits Impress?
The Australian Dollar may strengthen if Chinese industrial profits impress the market. AUD/USD eyes 50-day SMA.
Nasdaq Gains, Russell Outperforms as AMC & GME Go Parabolic
The stock market advanced on Wednesday with the Nasdaq's 0.6% gain lagging the Russell's 2% rise. AMC and GME are back in focus amid parallels of another squeeze-fueled rally in price action.
US Dollar Price Outlook: Is a USD/CAD Reversal on the Horizon?
USD/CAD has fallen for months as rising crude oil prices, risk appetite and a weak US Dollar worked to drive the pair lower. Declines have left the pair with little support to stand in the way of f...
Oil Price Forecast: Double Top Formation Intact Ahead of OPEC Meeting
The price of oil may consolidate ahead of OPEC’s Joint Ministerial Monitoring Committee (JMMC) meeting on June 1 as the double top formation remains intact.
Wall Street CEOs Testify in Washington on COVID Relief, Diversity Efforts
The CEOs of JP Morgan, Goldman Sachs, Citi, and other prominent financial institutions met with Senators on Wednesday to discuss the role banks played in the implementation of various COVID relief ...
Gold Price Forecast: XAU Bull Flag Breakout Begins to Pull Back
Gold prices put in a major breakout and, so far, haven't looked back. Might a pullback be in order?
AUD/USD Rate Outlook Hinges on RBA Interest Rate Decision for June
AUD/USD may stage a larger rebound ahead of the Reserve Bank of Australia (RBA) interest rate decision for June amid the failed attempts to test the monthly low (0.7675).
Gold Price Latest - Punching Through Resistance as The Bullish Trend Continues
Gold is currently taking out resistance at $1,900/oz. and is looking to test highs last seen at the start of the year.