Australian Dollar Forecast: Remaining Bearish on AUD Rallies
AUD rises up to resistance. Remaining bearish on rallies in the AUD. Risk sentiment to dictate direction.
Crypto Latest: Ether (ETH) Leads the Losses Despite NFT Popularity, Bitcoin (BTC) Sees Higher Lows
Crypto pullback continues as buyers struggle to regain momentum to break higher
British Pound (GBP) Price Outlook: EUR/GBP May Rally, UK Inflation Looms
After Friday’s mixed bag of UK economic data, next week’s UK inflation numbers will be the likely focus for EUR/GBP traders. Inflation may well undershoot, prompting a move higher for the cross.
Hang Seng Index Higher as Risk Turns On But AUD/USD Can’t Catch A Bid. Where To From Here?
Asian equities gained as markets turned upbeat after the leaders of the US and China had a phone call. The Australian Dollar remained trapped. Will AUD/USD continue lower?
New Zealand Dollar Forecast: NZD/USD May Fall After Weak Economic Data
The New Zealand Dollar may see some weakness versus the US Dollar after data showed that electronic card spending fell in New Zealand last month as Covid lockdowns hit consumption.
New Zealand Dollar Technical Analysis: AUD/NZD, EUR/NZD, GBP/NZD
NZD strength sees many Kiwi pairs making swift moves lower. These are the technical setups for AUD/NZD, EUR/NZD, GBP/NZD.
Mexican Peso Outlook: Choppy Price Action Likely Near-Term in USD/MXN
USD/MXN could remain anchored around current levels and trade directionless for the next couple of weeks unless a risk-off episode sparks volatility and boosts demand for safe-haven assets.
Euro Forecast: After ECB, Ranges Prevail in EUR/GBP, EUR/JPY, EUR/USD
The Euro is slightly weaker after the ECB’s ‘readjustment,’ except against the US Dollar.
Oil Price Trades in Monthly Opening Range as Ida Hits US Crude Data
The price of oil may continue to track the opening range for September as it struggles to push back above the 50-Day SMA ($69.93).
USD/ZAR Breaking News: Missed SA Manufacturing Data Halts Rand Gains
A plethora of economic data today ended in a win for rand bulls as USD/ZAR eyes 14.000, while focus shift towards Fed speeches later today.