Gold Technical Analysis: XAU/USD Teases Breakout as BTC, Coinbase Grab Headlines
Gold prices are getting close to the neckline of a double bottom pattern – but are bulls finally ready to re-take control?
Nasdaq to Outperform Dow Jones as Reflation Trade Loses its Luster
The tech-heavy Nasdaq may outperform the benchmark Dow Jones index in the coming weeks as strong demand for Treasuries, and in-line inflation prints, take some steam out of the Reflation Trade.
AUD/USD at Technical Juncture as Australian Consumer Confidence, RBNZ Looms
AUD/USD approaches trendline resistance, with event-driven risk events looming in the form of Australian Consumer confidence and an interest rate decision from the Reserve Bank of New Zealand.
US Dollar Price Forecast: Sharp Inflation Spike to Drive Yields, USD Higher
The US Dollar may extend gains in the near term as base effects result in a marked rise in inflation, and long-term Treasury auctions push yields higher.
NZD/USD May Rise as Technical Level, Chinese Trade Balance Shifts into Focus
NZD/USD may be set to breakout as price contends with the resistance level of a Falling Wedge pattern. Meanwhile, Chinese economic data is on tap for Tuesday’s Asia Pacific session.
British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP
The British Pound had a big start to the year. But so far Q2 is shaping up to be quite a bit different.
Euro Price Outlook: EUR/USD at Risk as US Treasury Yields Aim Higher
The Euro’s recent rebound against the US Dollar may prove short-lived, despite a relatively bullish technical outlook, if upcoming inflation and retail sales figures intensify Federal Reserve taper…
USD/CNH Forecast: Yuan Loans Data May Show China’s Appetite for Stimulus
The Chinese Yuan and Asia-Pacific equity markets may move on incoming March new loans data. Meanwhile, traders will be eyeing an interview with US Fed Chair Powell.
Canadian Dollar Forecast: USD/CAD Probing Resistance With Jobs Data on Tap
The Canadian Dollar is at risk of losing further ground against its US counterpart if upcoming employment data disappoints market participants.
AUD/USD May Track Higher Following Housing Data, RBA’s Financial Stability Review
AUD/USD is approaching trendline resistance after moving higher from the neckline of a Head and Shoulders pattern. Today’s economic data and RBA FSR may provide a catalyst for movement.