New Zealand Dollar Swoons in Risk-Off Trade. Will Markets Steady?
The New Zealand Dollar is flirting with a breakdown amid a dour day for Asia-Pacific markets. Traders may now look to the day’s earnings reports for a lifeline.
Japanese Yen Forecast: USD/JPY Falls with Treasury Yields on Haven Flows
A breakdown in market sentiment sent haven flows into the Japanese Yen along with Treasuries as a new wave of Covid causes investors to brace for a slowdown in global growth.
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…
New Zealand Dollar Forecast: NZD/USD Surges on Red Hot Q2 CPI Print
The New Zealand Dollar gained against the US Dollar and its other peers after a red hot Q2 CPI print, confirming the RBNZ’s hawkish rate outlook.
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.
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?
Chinese Yuan Forecast: Q2 GDP Key to Gauge PBOC, USD/CNH Outlook
USD/CNH is pushing lower as traders prepare for China’s second quarter GDP print to cross the wires. The Yuan may break current support at the 26-day EMA if the data impresses.
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.
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 …
US Dollar May Resume Rise as CPI Data Drives Fed Policy Bets
The US Dollar may rise if June’s CPI inflation data tops forecasts, stoking speculation about an accelerated Fed timeline for stimulus withdrawal.