Canadian Dollar Price Forecast: USD/CAD Threatens Breakout, Inflation on Deck
USD/CAD is testing a big level and tomorrow brings Canadian inflation followed by FOMC minutes. Buckle up.
Gold Price Forecast: Four-Day Rally Stalls Ahead of 50-Day SMA
Lack of momentum to climb back above the 50-Day SMA ($1800) may undermine the recent recovery in the price of gold as a ‘death cross’ takes shape in August.
US Dollar Shoots Higher vs JPY on US Retail Sales
USD higher on retail sales miss. Outlook for FOMC unchanged, focus is on jobs
Markets Jittery: JPY, CHF, Gold and Treasuries All Benefiting | Webinar
Trader sentiment is poor at present, with safe haven buying of the Japanese Yen, the Swiss Franc, Gold and US Treasury notes seen alongside some selling of European stocks.
Bitcoin, Ethereum Stagnate at Recent Highs, Solana Soars to a New Peak
The cryptocurrency market is taking a breather after touching multi-week highs but Solana continues its recent record-breaking rally.
Snap Lockdown Puts RBNZ Hike into Question, NZD/USD Drops to Three-Week Low
NZD/USD drops 1.7% as economists increase calls for no change at tomorrow’s RBNZ after a 3-day snap lockdown
British Pound (GBP) Price Outlook: GBP/USD Eases Despite Strong UK Jobs Data
Latest labor market figures show UK employment up by more than expected, higher average earnings and a lower UK unemployment rate yet GBP/USD fell, suggesting underlying weakness.
New Zealand Dollar Down on Covid Case as RBNZ Looms, SEC Warns on China
The New Zealand Dollar fell on reports of a new local Covid case just as the RBNZ rate decision enters the spotlight. NZD, AUD and APAC equities were weighed down ahead of US data and FOMC meeting ...
Crude Oil Prices Fall Amid Viral Concerns, US Retail Sales Data in Focus
WTI crude oil prices extended lower on Tuesday as investors mulled the spread of Delta variant around the globe and its impact on energy demand. US retail sales figures will be in focus today.
Gold Price Outlook: XAU/USD Firms Back Into Range Ahead of Fed Powell Speech
Gold continued to shake off last week’s test of the lower bound of the recent range. The rally occurs as US yields drift lower ahead of a busy week and Jerome Powell’s speech.