US Dollar Technical Forecast: EUR/USD, USD/JPY, USD/CAD
The US Dollar gained as much as 2.80% in less than two weeks a stark contrast to the prolonged sell-off from last year. Is a bigger shift afoot as rates markets go awry?
Australian Dollar Forecast: Aussie March Lower- AUD/USD Eyes 2021 Low
Australian Dollar plunged 4.8% off the yearly highs with the reversal risking a deeper pullback into March. Here are the levels that matter on the AUD/USD weekly chart.
Euro Forecast: EUR/USD to Weaken if ECB Increases Bond Buying
This Thursday’s meeting of ECB policymakers is live; there will be no major changes to Eurozone monetary policy but it could be tweaked in response to rising sovereign bond yields.
Gold Price Outlook Remains Mired by Broader Recovery in US Yields
The recovery in longer-dated US Treasury yields may keep gold prices under pressure as the Federal Reserve appears to be in no rush to alter the path for monetary policy.
Crude Oil Prices Aiming Higher on OPEC Surprise, Inflation Expectations
Supply constraints, rebounding global demand and rising inflation expectations may drive crude oil prices higher in the near term.
US Dollar Fundamental Forecast: US Dollar Eyes Inflation Data after NFP Boost
The US Dollar is moving higher after a blowout NFP report bolstered confidence in the US economic recovery. Markets will now turn attention to next week’s US inflation data which could boost the Gr…
Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead
Given the size of the rally in the eleven months preceding the beginning of the current decline a broader sell-off looks warranted.
Canadian Dollar Forecast: Loonie Awaits BoC Guidance on QE Pace
The Canadian Dollar could extend its recent stretch of gains considering potential that the Bank of Canada might signal QE tapering along with its scheduled interest rate decision due this week.
Weekly Technical Euro Forecast: Basically a Falling Knife
The Euro has been cut down to size in recent days, and technical studies among various EUR-crosses suggest that the weakness may continue.
Gold Weekly Technical Forecast: Gold Sinks to Crucial Level – Bulls Last Hope?
Rising yields and US Dollar creates a weak environment for gold, which trades at a 9-month low.