US Dollar May Resume Rise as CPI Data Drives Fed Policy Bets
The US Dollar may rise if June’s CPI inflation data tops forecasts, stoking speculation about an accelerated Fed timeline for stimulus withdrawal.
Equities Q3 Technical Forecast: Nasdaq 100 Aims for Record Highs, Nikkei 225 and Hang Seng Index Range-Bound
Looking ahead, the upward trajectory remains intact for the US stock market, although some technical pullbacks are possible through the third quarter.
Australian Dollar Forecast: Chinese Trade Data Eyed as Covid Wave Worsens
The Australian Dollar remains near its yearly lows as Covid cases increase in Australia, prompting extended lockdown concerns. China is set to report its June trade balance.
US Dollar Outlook: DXY Bulls Halted at Pivotal Resistance- USD Levels
The Dollar surged more than 3.7% off the May low with the index now stalling at key technical resistance- These are the levels that matter on the DXY weekly chart.
Gold Price Forecast: Gold Gears Up for Big Test with Inflation, Powell
Gold prices put in their worst month in over four years in June, and tomorrow brings inflation data with Powell speaking later in the week. Buckle up.
India’s residential solar growth seen curbed by new rules
With the latest amendment to India’s Electricity (Rights of Consumers) Rules, firms active in the residential rooftop solar space like Tata Power, Fourth Partner Energy and several other smaller independent power producers may find it hard to acquire new customers.
British Pound Q3 Technical Forecast: Attractive at Lower Levels
Much like the end of Q1, GBP/USD is closing Q2 on a rather sour note. The pair rejected 1.4240-50 yet again, making it look increasingly like a double top.
Indian stock surge presents a hedging opportunity
The Elliott Wave theory suggests limited upside after India’s benchmark Nifty 50 Index.
EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since Jan 19 when EUR/GBP traded near 0.89.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
New Zealand Dollar Forecast: NZD/USD Balancing Covid Risks as RBNZ Approaches
The New Zealand Dollar is off to an upbeat start against the US Dollar after a down week. Rising Covid cases in Australia and the RBNZ meeting later this week are likely to influence price action.