Nasdaq 100 Outlook: Risk Assets Turn Higher on APAC Data, Australian Jobs Report Eyed
A comeback in US equities is helping to lift sentiment in Thursday's APAC session. A blowout GDP report out of New Zealand bolstered the risk-taking mood as traders eye the Australian jobs report.
NZD/USD Analysis: Kiwi Dollar Pushes Higher on Strong Q2 GDP Data
New Zealand posted GDP growth for Q2, with a record print for YoY growth propelling the Kiwi higher in immediate trade.
ASX 200 Forecast: Aussie Equities Looking for Relief after Tough Start to September
The fundamental outlook for Australian equities remains bleak as China continues to weaken, iron ore prices continue to fall, and tensions rise over Covid restrictions.
Is Russell 2000 About to Stage a Comeback? Will a Cyclical Relief Help IWM?
Cyclical relief could come soon, once the economic recovery stabilizes. This dynamic should benefit small caps and thus the Russell 2000 over the medium term.
Oil Price Breaks Out of Descending Channel to Approach August High
The price of oil appears to be on track to test the August high ($73.95) as crude breaks out of the descending channel from earlier this year.
S&P 500 Bounces from Low but is Evergrande, FOMC Pushing a Possible Turn?
Markets have so far taken news around Evergrande in stride, but there's possible risk here, and the Fed is at a potential turn, making for tough timing.
NZD/USD Bull Flag Formation Emerges Amid Failure to Test Monthly High
NZD/USD appears to be trading within bull flag formation as it tracks the monthly opening range for September.
Canadian Dollar Latest: CPI Higher, CAD Faces Upside Risks
Canadian Inflation Edges Higher, CAD Muted But Oil Signals Upside
ZAR Price Forecast: USD/ZAR Reversal Threatens Impressive YTD Performance
Bullish engulfing in USD/ZAR yesterday raises questions of a potential reversal in one of the strongest performing EM currencies this year
USD/JPY Technical Setup Dragging Along
USD/JPY is struggling to consolidate the final leg off its symmetrical pattern