June 2021 – Page 17 – UAG Trade Asia

EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Apr 06, 2021 when EUR/USD traded near 1.19.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.

US Dollar Technical Outlook: USD/SGD, USD/THB, USD/IDR, USD/PHP

The US Dollar continues to see varied performance against ASEAN currencies. USD/SGD is consolidating. USD/THB may bounce. USD/IDR and USD/PHP could continue lower.

New Zealand Dollar Forecast: NZD/USD Eyes Q1 GDP, FOMC After Downbeat PSI

The New Zealand Dollar faces volatility risks this week, with first-quarter Gross Domestic Product (GDP) data and the US Federal Reserve policy meeting in focus.

June 13, 2021
Forecast
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Traders rotated back into the Nasdaq Composite as it outperformed the Dow Jones. Inflation expectations and Treasury yields are falling ahead of the highly-anticipated Fed. Highlights next week inc…

June 13, 2021
Forecast
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The US indices await the June Fed meeting for clarity on economic projections, the state of inflation and the probable path of monetary policy. With much on the line, the event could revive volatil…

US Dollar Outlook: DXY Defends 2021 Open Support- USD Levels for FOMC

The Dollar plunge was halted by yearly open support for a fifth-week with the USD recovery in focus heading into FOMC. The technical levels that matter on the DXY chart.

June 13, 2021
Forecast
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USD/MXN could move lower next week if the Fed sticks to the dovish script and reiterates that now is not the time to start talking about withdrawing stimulus despite rising inflation.

June 13, 2021
Forecast
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Last week was all about waiting for US inflation data and the ECB; the week ahead will be spent hoping for Federal Reserve guidance on US monetary policy – and EUR/USD is unlikely to move far eithe…

British Pound (GBP) Weekly Forecast: GBP/USD, EUR/GBP Testing Range Boundaries

GBP/USD and EUR/GBP stick to their ranges but pick up momentum to try and break their boundaries

June 12, 2021
Forecast
No Comments

The Federal Reserve rate decision is likely to sway the price of gold as the central bank is slated to update the Summary of Economic Projections (SEP).

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EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Apr 06, 2021 when EUR/USD traded near 1.19.

US Dollar Technical Outlook: USD/SGD, USD/THB, USD/IDR, USD/PHP

New Zealand Dollar Forecast: NZD/USD Eyes Q1 GDP, FOMC After Downbeat PSI

Markets Week Ahead: Nasdaq, Dow Jones, US Dollar, Fed, Gold, Crude Oil, Yen, BoJ

Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead

US Dollar Outlook: DXY Defends 2021 Open Support- USD Levels for FOMC

Mexican Peso Forecast: Waters Turn Murkier for the Dollar, USD/MXN Remains Vulnerable

Euro Forecast: EUR/USD Price Outlook Neutral, Hoping for FOMC Guidance

British Pound (GBP) Weekly Forecast: GBP/USD, EUR/GBP Testing Range Boundaries

Gold Price Outlook Hinges on Updated Fed Interest Rate Dot Plot

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