US Dollar Outlook: DXY Index Surges to Fresh Yearly High
US Dollar bulls are back with vengeance as recent strength across USD price action sends the broader DXY Index ripping to fresh yearly highs. Can the US Dollar extend its stretch of gains?
Central Bank Watch: BOE & ECB Interest Rate Expectations Update
Rate hike odds have receded for Europe’s two major central banks, dragging down the British Pound and the Euro along the way.
NZD/USD Rate Selloff Sends RSI Towards Oversold Territory
Looming developments in the RSI may indicate a further decline in NZD/USD if the oscillator pushes into oversold territory for the second time in 2021.
SA40 Overview: SA’s Main Exchange (JSE) Experiences Outage
The SA40 Index surges lower after yesterday’s outage which halted all trading for over 5 hours. Key levels analyzed.
EUR/USD Outlook Mired by Failure to Defend March Low
EUR/USD may continue to trade to fresh yearly lows ahead of the Fed Economic Symposium as it extends the series of lower highs and lows from the start of the week.
US Dollar Charges into Key Resistance, Equities Sell-Off as Covid Risks Mount
USD hits multi-month highs, however, key resistance caps further upside for now
Fed Minutes Spook Investors: CAC 40 and DAX 30 Picking Up Bearish Momentum
Global equites fall into a bearish trap as investors react to taper talk from the Fed meeting minutes
Robinhood (HOOD) Slumps on Earnings Warning, Dogecoin (DOGE) Brings in The Bucks
Trading app Robinhood shares fell over 13% after the company warned of a Q3 slowdown with Dogecoin activity highlighted by the company.
British Pound (GBP) Price Outlook: GBP/USD Searches for Support After Fall
Hit by a stronger US Dollar, GBP/USD has broken below the support line of a downward-sloping channel in place on the charts since the end of last month.
EUR/USD Crumbles to a 9-Month Low, Breaks Below 1.1700
Hints from the FOMC that they are getting closer to tapering have sent EUR/USD tumbling through prior strong support at 1.1700.