US Dollar Retreat, Wall Street Rally Lead APAC Equities Higher Ahead of Jackson Hole. Where To From Here?
The US Dollar gave up more ground today while Wall Street made another record high as taper concerns fade before Jackson Hole begins. Can USD regain strength?
Gold Price Forecast: XAU/USD Rises as Bullion Traders Brace for Jackson Hole
Gold prices are pointing higher to kick off the week as the highly anticipated Jackson Hole Economic Policy Symposium approaches. Fed Chair Powell's messaging on taper talks are vital to XAU's dire...
Dow Jones Advances on Vaccine Optimism, Hang Seng May Follow Higher
The cyclically-oriented sectors led the gains on Wall Street after the FDA granted full approval to Pfizer-BioNTech’s Covid vaccine. Asia-Pacific markets opened higher following a strong US lead.
US Dollar Outlook: Jackson Hole in Focus for USD/SGD, USD/THB, USD/IDR, USD/PHP
The US Dollar rose against the Singapore Dollar, Thai Baht and Indonesian Rupiah. While ASEAN Covid case growth is slowing, all eyes next week are on the Fed’s Jackson Hole Economic Policy Symposium.
New Zealand Dollar Forecast: NZD/USD May Rise After Bright Q2 Retail Sales Data
The New Zealand Dollar is benefiting from risk-on flows after markets recovered from last week's drop. A better-than-expected Q2 retail sales figure out of New Zealand may boost NZD/USD further.
USD/JPY Rate Struggles to Clear 50-Day SMA Ahead of Fed Symposium
USD/JPY appears to be stuck in a narrow range ahead of the Fed Economic Symposium as it struggles to push back above the 50-Day SMA (110.16).
Copper Price Forecast: Fighting to Retake Pandemic Uptrend
Copper prices have clawed back their losses – but have gains been enough to change the tone?
Gold Price Forecast: Gold Breaks Out Above 1800 - GLD Levels
Gold prices put in a strong move to open this week. Will bulls be able to drive through the Jackson Hole Economic Symposium?
USD/CAD Forecast: RSI Sell Signal Emerges Ahead of Fed Symposium
USD/CAD may face a pullback ahead of Fed Economic Symposium on tap for later this week as the RSI falls back from overbought territory to indicate a textbook sell signal.
Nasdaq Price Outlook: PMI Data Eyed Ahead of Fed Symposium
The Nasdaq is gaining ground during early Monday trade as markets digest disappointing PMIs and greater likelihood that the Fed does not announce a taper timeline at Jackson Hole this week.