WTI Crude Oil Price Outlook: Oil Builds Bull Pennant Ahead of FOMC
Oil prices put in a massive move from November to March, but bulls have seemed to cool since then. Is another bullish push waiting around the next corner?
British Pound Price Forecast: Reopening Optimism to Drive GBP/USD Higher
Better-than-expected economic data, falling coronavirus case numbers, and reopening optimism may continue to drive the British Pound higher against its major counterparts in the near term.
New Zealand Dollar May Rise, Copper Price Outlook Hones in on All-Time High
The New Zealand Dollar rose against the US Dollar, with copper futures closing at the highest since 2011. Ahead, the Japanese Yen is eyeing the Bank of Japan after a rosy day for sentiment.
Tesla (TSLA), Amazon (AMZN), FOMC Highlight a Big Week for US Markets
It’s a big week for global markets, and the US in particular. Stocks are strong, the US Dollar is weak and the Fed is on the docket. Buckle up.
US Dollar Price Forecast: DXY to Slide Lower Ahead of FOMC Rate Decision
The Federal Reserve’s dovish stance may counterbalance a series of robust economic data prints and limit the US Dollar’s upside against its major counterparts.
USD/JPY May Rise at Trendline Support Following Bank of Japan Rate Decision
USD/JPY is testing trendline support following a third weekly loss. Yen traders will have their eyes on the upcoming Bank of Japan rate decision this week.
Euro Price Forecast: EUR/USD Aiming Higher on Easing Covid-19 Restrictions
A relatively uneventful ECB meeting, in combination with easing coronavirus restrictions in several European nations, could open the door for EUR/USD to extend recent gains.
NZD/USD May Continue Lower as Biden’s Capital Gains Tax Plan Hammers Sentiment
NZD/USD may fall further on Friday after reports that US President Joe Biden’s tax plan will nearly double capital gains rates on the most wealthy Americans.
Ethereum (ETH/USD) Fresh Highs; BTC/USD, Dogecoin Back Down
Crypto mania has continued but this time, the focus has been on Ethereum. Both Bitcoin and Dogecoin remain more subdued, at least for now.
Australian Dollar Outlook: Sentiment Buoys AUD/USD but Tensions With China Mount
AUD/USD rose to a lingering resistance level, buoyed by Wall Street sentiment. Renewed tensions between Australia and China may weigh on the Aussie-Dollar, however.