EUR/USD Breaks Out of Narrow Range as Dovish Fed Rhetoric Persists
EUR/USD breaks out of the range bound price action carried over from the previous week as a growing number of Fed officials warn of a transitory rise in inflation.
Market Sentiment Data Point to Further USD Weakness Ahead | Webinar
Trader confidence is high at present, with the safe-haven US Dollar dropping and stocks still rising. Moreover, IG client sentiment data suggest USD has further to fall.
USD/CAD Outlook - Support Creaking as US Dollar Weakness Continues
USD/CAD continues to test the psychological 1.2000 level after slipping below the September 2017 swing-low.
Australian Dollar Forecast: AUD/USD Positives Fade, China Starts FX Intervention
Positives for the Australian Dollar beginning to rollover, however, soft USD keeps AUD/USD underpinned.
British Pound (GBP) Price Outlook: GBP/USD to Break Higher if 1.42 Breached
GBP/USD is well placed to extend this month’s rally if the 1.42 level can be overcome on a sustained basis.
Gold Price Outlook: XAU/USD Struggles as Bitcoin Rises, Eyes on Fedspeak Ahead
Gold prices struggled capitalizing on a weaker US Dollar and Treasury yields as Bitcoin rallied the most in about 2 weeks. Will dovish Fedspeak rekindle the yellow metal’s momentum?
Dow Jones Gains, Nasdaq 100 Outperforms Amid Dovish Fedspeak. ASX 200 May Rise
The Dow Jones gained, but the tech-heavy Nasdaq 100 outperformed amid dovish Fedspeak. Australia’s ASX 200 may approach 2020 highs as APAC markets focus on a potentially rosy day.
NZD/USD Bolstered on Bitcoin Leading Sentiment Recovery, RBNZ in View
The New Zealand Dollar is riding higher following a sharp recovery in market sentiment, driven by gains in Bitcoin after comments from Elon Musk lifted the crypto market.
Crude Oil Outlook: Breakout Ready or Will Iran Risk Weigh?
Crude oil price action spiked nearly 4% higher on Monday to test the upper end of its recent range. Is the commodity gearing up for a breakout or will Iran nuclear deal and covid risks hinder gains?
Bitcoin Price Jumps as Elon Musk Tweets Progress Toward Renewable Mining
Bitcoin bounced Monday afternoon after Tesla CEO Elon Musk tweeted progress toward Bitcoin mining using renewable energy. The coin’s energy consumption has been a rising concern for many investors.