Technicals signal a rally in European tech stocks
Bloomberg Intelligence’s Automated Technical Pattern Recognition, or ATPR, identified technical signals in October 2020 that suggested this sort of bullish breakout was imminent.
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.
Markets Week Ahead: Nasdaq, Dow Jones, US Dollar, Fed, Gold, Crude Oil, Yen, BoJ
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…
Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead
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.
Mexican Peso Forecast: Waters Turn Murkier for the Dollar, USD/MXN Remains Vulnerable
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.
Euro Forecast: EUR/USD Price Outlook Neutral, Hoping for FOMC Guidance
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