Nasdaq 100 Forecast: Stock Rout Sees Index Seek Trendline Support
The Nasdaq 100 suffered considerable losses to start the week as covid concerns reemerged and equity markets stumbled from record levels. Declines have sent the Nasdaq in search of support.
New Zealand Dollar Forecast: NZD/USD Rate Defends Monthly Range
NZD/USD may track sideways throughout the week as the exchange rate appears to be defending the monthly range.
USD/CAD Rally Sends RSI Into Overbought Zone for Second Time in 2021
Recent developments in the RSI indicate a further appreciation in USD/CAD as the oscillator climbs above 70 to push into overbought territory for the second time in 2021.
EUR/USD Outlook: Dollar Gains as Risk Appetite Wanes, ECB Rates in Focus
The US dollar continued its steady rise against the Euro which could continue if the ECB maintains its ultra-dovish stance at the rate setting meeting on Thursday
British Pound Latest: GBP/USD Slides on Freedom Day Fears, US Dollar Strength
GBP/USD is under pressure as continued fears over the spread of delta covid variant and US dollar strength keep pushing the pair lower
DAX 30 Outlook: Bears Regain Control Towards 15,300
The DAX 30 continues to pullback from recent highs as economic concerns grow
Crude Oil Prices Shrug as OPEC+ Strikes Output Increase Deal
Crude oil prices were not meaningfully moved one way or another as OPEC+ officials struck a long-elusive deal on a coordinated output rise. Sentiment trends may lead from here.
US Dollar Outlook: SGD, THB, IDR, PHP May Fall on Capital Flight, Covid Risks
The US Dollar outlook against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso remains bullish amid capital outflows risks as Covid cases swell.
Gold Prices Down with Stocks as the US Dollar Gains on Haven Demand
Gold prices fell alongside stocks as a dour mood spread across financial markets, boosting haven-minded US Dollar buying and punishing anti-fiat alternatives.
AUD/USD Under Fire as Australian Lockdowns Ramp Up, Risk Trends in Focus
The Australian Dollar faces a deteriorating economic backdrop as Covid-induced lockdowns across its home country ramp up. A quiet week ahead on the economic calendar leaves prevailing trends unchec...