Euro Price Forecast: EUR/USD Aiming Higher on Easing Covid-19 Restrictions
A relatively uneventful ECB meeting, in combination with easing coronavirus restrictions in several European nations, could open the door for EUR/USD to extend recent gains.
Gold Prices Pause Rally as India's Covid Infections Surge, US Jobless Claims Fall
Gold prices retreated from an eight-week high as India reported a record daily increase of Covid-19 cases, dampening the outlook for demand. US jobless claims fell to a fresh pandemic low.
Bitcoin Sinks as US Capital Gains Tax Proposal Injects Fear Into Crypto Market
Bitcoin is on track to record its worst week since early February, with the cryptocurrency breaching below the 50k level in the aftermath of Biden's capital gains tax proposal.
NZD/USD May Continue Lower as Biden’s Capital Gains Tax Plan Hammers Sentiment
NZD/USD may fall further on Friday after reports that US President Joe Biden's tax plan will nearly double capital gains rates on the most wealthy Americans.
Canadian Dollar Forecast: CAD/JPY Primed to Claw Back Downside
CAD/JPY price action could recoil back toward year-to-date highs as the Canadian Dollar strengthens on the heels of a relatively hawkish shift in BoC monetary policy.
Central Bank Watch: Fed Speeches, Interest Rate Expectations Update
Federal Reserve policymakers are heading towards their April rate decision next week, but that doesn’t mean policy is heading anywhere new soon.
USD/JPY Halts Eight Day Decline as US 10 Year Yield Defends April Low
USD/JPY attempts to halt an eight day losing streak as the 10-Year US Treasury yield appears to be defending monthly low (1.53%).
AUD Q2 2021 Technical Forecast
Heading into 2021, our ‘bottom line’ on the Aussie technicals noted, “the Australian Dollar price rally has matured with an advance of more than 37% off the yearly lows risking topside exhaustion i...
AUD Q2 2021 Technical Forecast
Heading into 2021, our ‘bottom line’ on the Aussie technicals noted, “the Australian Dollar price rally has matured with an advance of more than 37% off the yearly lows risking topside exhaustion i...
Dow, Nasdaq, S&P 500 Sink with Biden to Pitch 43.4% Capital Gains Tax
Major stock indices like the Dow, Nasdaq, and S&P 500 are free-falling during afternoon trade on Thursday in response to news that President Biden is set to propose a 43.4% capital gains tax rate.