US Dollar Technical Forecast: USD in Key Zone, PMI, NFP on Deck
The US Dollar has held on to a large portion of the FOMC-fueled gain, but USD bulls face their first major test in this week’s PMI and NFP releases.
Australian Dollar Forecast: AUD/USD Takes Hit on New Covid Lockdowns
AUD/USD is under pressure as Australia enacts a new round of lockdowns amid worries about the quickly spreading Delta variant of Covid-19. A speech from RBA Governor Lowe is eyed.
New Zealand Dollar Forecast: Improved Trade Balance, Westpac OCR Update to Lift NZD?
New Zealand reported positive trade data for May as the New Zealand Dollar gained against the US Dollar following a technical victory overnight.
Gold Price Forecast: Gold Grasps at Fibo Support but Sellers Vigilant
Gold prices took a massive hit last week, but the sell-off stopped at a big spot of support. Sellers, however, haven’t yet let up as a short-term range has built.
New Zealand Dollar Forecast: NZD/USD Testing Key Moving Average as Price Rebounds
The New Zealand Dollar is on track to record a third consecutive daily gain against the US Dollar despite Fed tapering fears driving the US Dollar broadly higher. Traders are shifting focus to the …
Australian Dollar Forecast: Flash PMIs Ease With RBA Talks in Focus
The Australian Dollar’s rebound may have gained another tailwind after a positive flash PMI report from IHS Markit, although the readings eased from May. RBA Assistant Governor Ellis will speak today.
US Dollar Technical Analysis: USD Grasps for Higher-Low Support
The US Dollar put in an aggressive spike last week. And so far this week, that strength has largely remained. Powell is on deck, ahead of a chorus of Fed speakers this week.
NZD/USD Rebound May Extend on Q2 Consumer Confidence Amid Shaky Global Sentiment
The New Zealand Dollar rebounded overnight following a sharp weekly decline against the US Dollar. An upbeat Westpac consumer confidence print may help the Kiwi Dollar extend gains.
Canadian Dollar Forecast: USD/CAD Surge Pulls Back – Loonie Levels
After showing one of the cleanest USD trends coming into June, USD/CAD has reversed aggressively as the Fed took on a less dovish tone. Do USD/CAD bulls have more room to run?
Australian Dollar Forecast: Retail Sales Data May Interrupt Post-FOMC AUD Drop
The Australian Dollar is coming off its worst weekly performance against the US Dollar since September 2020 following a hawkish Fed signal. Will strong retail sales data stop the drop?