US Dollar and Yen May Rise as Meme Stocks, Coins Warn of Market Excess
The US Dollar and Japanese Yen may soar thanks to haven demand if traders run for the exits amid a collapse in meme stocks and novelty cryptocurrencies.
Dow Jones, Hang Seng, ASX 200 Outlook: Strong PMI Data Buoys Markets
A string of upbeat PMI surveys from the US and Europe buoyed the Dow Jones index even as tech shares struggled. Bitcoin slumped further. The Hang Seng Index added 3 new constituents and rebalanced ...
NZD/USD May Struggle as Bitcoin Plunge Drags Market Sentiment, RBNZ in Focus
NZD/USD may be pressured if a volatile weekend for Bitcoin sours broader market sentiment. The RBNZ rate decision is in focus this week, following New Zealand retail sales data.
Markets Week Ahead: EUR/USD, Gold, Oil, Bitcoin, Dow, DAX, Inflation, RBNZ
Global markets were choppy and mixed this past week amid signs of deteriorating risk appetite. Cryptos plunged, stocks struggled, oil prices dropped, and gold gained with EUR/USD. Where to next?
Nasdaq 100 May Start a Catch-Up Rally as Inflation Pressure Eases
Technology stocks cruised into the weekend with a positive mood, as inflationary pressure eased alongside commodity prices. The Nasdaq 100 index is positioned for a catch-up rally if this narrative...
Crude Oil Forecast: Iran Nuclear Deal Nears, Oil Bulls Unwind
Iran nuclear deal optimism sparks pullback in crude oil prices, but unlikely to derail outlook
US Dollar Forecast: Yields, Inflation, Fed Taper Debate Are Key
US Dollar selling pressure prevailed and steered the DXY Index -0.3% lower last week in spite of Fed taper talks growing more heated. Eyes on inflation and yields to gauge where USD heads next.
Gold Price Outlook: XAU Strength Likely to Continue on Dovish Fed, PCE in Focus
Gold strength may continue in the near term as the Fed stands firm on their transient inflation outlook. Nevertheless, hotter-than-expected PCE figures on Friday pose a potential headwind to XAU/USD.
Bitcoin, Ethereum, Alt-Coins - Buyers Beware, Bullish Sentiment Broken, IRS Weighs In
Wednesday’s violent cryptocurrency capitulation has shattered this year’s bull surge and the market may take a long time to recover if it recovers at all
AUDUSD: The Critical Ingredient for Head and Shoulders Pattern
Head-and-shoulders patterns are some of the most recognizable charting formations, yet there is one element that I consider critical to the practicality of trading it. I highlight the critical dist...