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.
Gold Price Outlook: XAU/USD Eyeing Markit US PMI Data and Symmetrical Triangle
Gold is eyeing a Symmetrical Triangle as the weekend nears amid fading inflation expectations as commodity prices pull back. XAU/USD is also facing Markit US PMI data.
Nasdaq 100 Surges on US Jobs Data, Boosting Nikkei 225 and ASX 200
The Nasdaq 100 index rebounded strongly amid favorable jobs data and a weakening US Dollar, as fears about inflation eased. APAC markets look set to trade higher following a positive lead.
Australian Dollar Outlook: AUD/USD May Reverse Weekly Loss After Positive PMIs
The Australian Dollar is aiming higher on positive PMI figures despite a downbeat jobs report earlier in the week.
Canadian Dollar Price Forecast: Can USD/CAD Reverse Course and Rally?
USD/CAD has fallen for months as rising crude oil prices, risk appetite and a weak US Dollar worked to drive the pair lower. Now with potential taper talk on the horizon, can USD/CAD reverse higher?
US Dollar Forecast: EUR/USD, USD/JPY Look to PMI Data & Yields
The US Dollar recoiled -0.5% lower on Thursday as Treasury yields dropped. EUR/USD and USD/JPY price action now eye monthly PMI surveys due following yesterday's FOMC minutes release.
Bitcoin Price May Be in Peril After Losses Reshape Technical Landscape
Bitcoin suffered staggering losses this week as technical levels gave way and months of gains evaporated in hours. The loss of technical support and risk appetite could see Bitcoin suffer further d...
Central Bank Watch: Fed Speeches, FOMC Minutes, Interest Rate Expectations Update
Even though higher price pressures have been realized, Fed policymakers have been resolute in their intent on keeping policy on hold at present time.
Gold Price Rally Pushes RSI Into Overbought Territory
The move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher gold prices like the behavior seen in July 2020.
Dow Jones Price Forecast: Broader Uptrend Remains Intact Despite Volatility
Although recent losses have worked to damage risk appetite and shorter-term trendlines, the broader uptrend enjoyed by the Dow Jones remains fully intact. Unless price breaks the trendline, the Dow...