US Dollar Setup: USD/JPY, USD/CAD Ahead of US PPI and Powell Testimony
The US Dollar is keeping an eye out for inflation data to consolidate further bullish momentum
British Pound (GBP) Price Outlook: GBP/USD Rallying After Hot UK Inflation Data
UK consumer price inflation figures came in higher than expected Wednesday, lifting GBP/USD, but the rise has been tempered by weaker than predicted producer price data.
US Dollar May Extend Upward as Powell Reiterates Policy Pivot
The US Dollar may continue to push higher, building on gains scored after June’s sizzling CPI data, as Fed Chair Jerome Powell testifies in Congress.
Crude Oil Prices Eye $75 Amid Tight Supply, Falling Stockpiles
WTI crude oil is hovering at around $75/bbl after the API reported a 7th consecutive weekly fall in stockpiles. Tight supply conditions may lend support to prices amid lingering viral concerns.
Gold Prices Steady as Inflation Hits 13-Year High, Eyeing 1815 for Breakout
Gold prices edged higher within an “Ascending Triangle” as stronger-than-expected US inflation data bolstered its appeal. Nonetheless, tapering concerns may cap the upside after the RBNZ’s hawkish ...
New Zealand Dollar Forecast: NZD/USD Shoots Higher on Hawkish RBNZ, LSAP Termination
The New Zealand Dollar rocketed higher against the US Dollar after the RBNZ announced a halt to its Large Scale Asset Purchases Program.
Dow Jones Retreats after US Inflation Data, Hang Seng May Pull Back
Wall Street stocks pulled back from all-time highs after June’s US core inflation surpassed market expectations by a wide margin. The Hang Seng Index may follow lower.
Euro Stoxx 50 & IBEX 35 Retreat from Records Amid Inflation, Virus Fears
European equities have retreated off recent highs as fears over the Delta COVID variant force multiple EU members to reimplement restrictions.
Australian Dollar Outlook: Westpac Data May Underpin AUD/USD as Jobs Report Nears
The Australian Dollar weakened versus the US Dollar overnight and may see more volatility after the July Westpac consumer confidence index crosses the wires. An RBNZ interest rate decision is also ...
USD/CAD Price Outlook: Canadian Dollar Hinges on BoC Decision
USD/CAD price volatility is expected to stay elevated owing to high-impact event risk posed by the Bank of Canada update due Wednesday. What are Canadian Dollar traders watching out for?