Market Outlook – Page 71

Australian Dollar Forecast: Will AUD/USD Gains Continue After RBA Decision?

AUD/USD shifted higher after key moving averages converged to underpin prices, but today’s RBA decision will likely decide the Australian Dollar’s direction.

Gold Price Forecast: Gold Threatens Break, Bulls Nearing Control

Gold prices have spent almost nine months in a bearish channel. But taking a step back shows that channel as part of a bull flag formation, and buyers are making a push for fresh highs.

US Dollar Price Forecast: Sell-in May Dynamic Could Drive DXY Higher

The haven-associated US Dollar may continue to gain ground against its major counterparts on the back of seasonal dynamics and robust economic data.

Australian Dollar Forecast: AUD/NZD Tracks Higher as Economic Data Looms

AUD/NZD is tracking higher within a bullish technical pattern, but fundamental factors this week will likely drive Australian Dollar action.

US Dollar Price Outlook: DXY Falling Wedge in Play Ahead of PCE Release

Federal Reserve tapering bets, on the back of better-than-expected GDP figures, may pave the way for the US Dollar to regain lost ground in the coming days.

Australian Dollar Forecast: AUD/USD Eyes Chinese PMI as Iron Ore Surges Higher

The Australian Dollar failed to move higher despite a sharp rally in iron ore prices. AUD/USD remains rangebound but upcoming PMI figures out of China may bolster prices.

Euro Price Forecast: EUR/USD, EUR/JPY May Slide Ahead of Sentiment Print

The Euro has rode the tailwind of easing coronavirus restrictions higher against the US Dollar and Japanese Yen in recent days. However, underwhelming consumer confidence figures could trigger a ne…

New Zealand Dollar Forecast: NZD/USD Rally May Extend After Pickup in Trade Activity

NZD/USD’s April rally appears to be on track to continue into May after data shows that the island nation’s trade activity increased in March.

Canadian Dollar Forecast: Oil Prices, Covid-19 Infections May Weigh on CAD

Stagnating crude oil prices and a flurry of coronavirus restrictions in several Canadian provinces may weigh on the Canadian Dollar against its major counterparts.

AUD/USD May Rise Ahead, Japanese and South Korean Vaccination Efforts in Focus

AUD/USD may see a directional shift in price following today’s CPI print for Q1 out of Australia. Meanwhile, Japan and South Korea attempt to step up vaccination efforts.

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