Gold Price Technical Outlook Warns of Looming Death Cross Formation
The price of gold may face a further decline ahead of the US Non-Farm Payrolls (NFP) report as a ‘death cross’ formation looks poised to take shape over the coming days.
New Zealand Dollar Outlook: NZ Jobs Key for RBNZ Decision
NZ jobs report key for RBNZ decision. NZD remains capped despite hawkish OIS markets
Equities Technical Outlook: Indecision in DAX 30 and IBEX 35 as CAC 40 Aims for New All-Time High
European equities struggle to find direction after the recent upswing but the CAC 40 is thriving towards a new all-time high
ZAR Price Outlook: USD/ZAR Slides lower, PMI data and USD Sentiment Shift
The ZAR continues to strengthen vs the greenback but a recent bullish shift in dollar sentiment poses a challenge to ZAR gains
British Pound (GBP) Price Outlook: GBP/USD Rejects 1.40 Level
GBP/USD is trading sideways ahead of Thursday’s Bank of England announcement on UK monetary policy but could extend lower after rejecting key resistance.
Australian Dollar Pops as the RBA Leaves Taper Plan in Place. Now What?
The Australian Dollar climbed as the RBA left its plan to taper asset purchases alone in August, disappointing bets on dovish backtracking amid weakening growth prospects in the near term.
Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite
This week's non-farm payrolls (NFP) will likely be key to gauge the direction of gold as markets look ahead to the Jackson Hole Economic Symposium.
Nasdaq 100 Forecast for the Week Ahead: Tech May Outperform the Dow Jones
The Nasdaq 100 may continue outperforming Dow Jones futures ahead as fears about global growth continue weighing on the 10-year Treasury yield ahead of NFPs. What are the risks?
Dow Jones Retreats amid Growth Concerns, Hang Seng May Pull Back
Wall Street stocks retreated slightly on Monday amid soft economic data and heightened viral concerns. Asia-Pacific markets may follow lower. The RBA interest rate decision will be in focus today.
NZD/USD Braces for Q2 Jobs Data After Chinese PMI Slowdown Weighs on Sentiment
The New Zealand Dollar lost early-week upside momentum after a concerning slowdown in China’s manufacturing growth. NZD/USD is turning its attention to New Zealand’s upcoming Q2 jobs data.