USD, JPY Strengthen as Bitcoin Threatens a Break - Did Oil Just Top?
It was an abnormally busy summer Thursday but signals are continuing to stack up that a big move may be afoot. Today we look at oil, the Yen and Bitcoin.
EUR/USD Hit with Hawkish Fed Rhetoric Ahead of US Retail Sales Report
EUR/USD struggles to retain the rebound from the monthly low (1.1772) as Federal Reserve officials indicate a looming shift in monetary policy.
Silver Squeeze – The Meme Stock After-Thought that Didn’t Quite Take Off
Short squeezes in the silver market were fundamentally doomed from the start amid mass controversy
Oil Price Rebound Unravels as OPEC+ Negotiations Still Continue
The price of oil gives back the rebound from the monthly low ($70.76) even as US inventories contract for nine straight weeks amid the ongoing deadlock within OPEC.
British Pound Outlook: Hawkish Twist By BoE's Saunders Sends Sterling Sharply Higher
GBP/USD jumps 60 pips after Bank of England policy maker Michael Saunders hints at ‘curtailing the current asset purchase program’
Canadian Dollar Outlook - USD/CAD Short-Term Consolidation After BoC Adjusts its Bond-Buying Program
The multi-week USD/CAD retracement may be put on hold in the short term as a variety of technical signals cloud the outlook.
British Pound (GBP) Price Outlook: GBP/USD Steady After UK Jobs Data
GBP/USD is broadly stable in Europe Thursday after a mixed batch of UK employment figures that showed a jump in average earnings, including bonuses, but a tick higher in the unemployment rate.
US Dollar Faces Day Two of Powell Testimony. Will It Hold Up?
The US Dollar was notably resilient despite what the markets saw as dovish rhetoric from Fed Chair Jerome Powell. Will it stand up to another day of testimony?
Equities Q3 Fundamental Forecast: Stocks to Enjoy Continued Economic Recovery, Seasonality a Concern
The Dow Jones, S&P 500 and Nasdaq 100 entered the third quarter on the back of yet another strong showing in the post-pandemic era as stocks continued to climb across all sectors.
Gold, Crude Oil Price Forecast: Technicals in Focus as Yield Drop Propels XAU
Gold is testing the critical 200-day SMA after an improved fundamental backdrop helped the yellow metal gain in July. Meanwhile, Crude oil is looking lower.