Euro Price Forecast: EUR/USD Perched Atop 200-MA with ECB In Focus
The divergent monetary policy outlooks of the European Central Bank and Federal Reserve may continue to drive the EUR/USD exchange rate in the near term.
New Zealand Dollar May Fall Further as Stimulus-Driven Yield Climb Continues
Asia Pacific markets may see a bearish start to the session as Treasury yields continue to move higher on US stimulus spending. Meanwhile, Greenback strength pushed NZD/USD below a key technical le…
Mexican Peso Price Forecast: USD/MXN Breakout to Fibonacci Resistance
It’s been a counter-trend type of year so far for USD/MXN. But with a key Fibonacci level coming into play following a falling wedge breakout – might the tides be nearing a turn?
Dollar May Rise as Stimulus Boosts Yields, Pound Eyes Bailey Comments
The US Dollar may rise as yields rise after the Senate passes Biden’s $1.9 trillion stimulus plan. The British Pound eyes comments from BOE Governor Bailey.
AUD/USD Aims to Retake Key Level as Markets Digest US Covid Stimulus News
Asia-Pacific financial markets will digest news that the US Senate passed a US$1.9 trillion Covid package. Australian consumer confidence and Chinese inflation data are on tap.
US Dollar Price Forecast: Unfazed Fed, Real Yields to Undermine EUR/USD
The US Dollar may continue to claw back lost ground against the Euro, on the back of rising real yields and a Federal Reserve that is relatively unfazed by the recent sell-off in Treasury markets.
Dow Jones Sinks Below 31,000, AUD/USD Trendline Breaks as Yields Surge
Treasury yields surged higher after Fed Chair Jerome Powell failed to cool bond market volatility. AUD/USD broke below a key trendline after safe-haven bids drove the US Dollar higher.
Canadian Dollar Price Forecast: USD/CAD Holds Support as USD Drives
Oil surging has helped CAD to remain strong, but can USD/CAD bulls finally clear the longer-term falling wedge? Or are deeper lows awaiting?
Dow Jones, S&P 500 Perched at Key Support as Attention Turns to Powell
Federal Reserve Chairman Jerome Powell’s upcoming speech may dictate the near-term trajectory of the US benchmark Dow Jones Industrial Average and S&P 500 equity indices.
Australian Dollar Outlook: AUD/USD, AUD/NZD at Key Levels as Trade Data Looms
US equities moved lower as rising Treasury yields were back in focus. Meanwhile, the Australian Dollar faces key levels against the Greenback and New Zealand Dollar ahead of January trade data.