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.
Wall St Set for Higher Open as Labor Market Regains Momentum
March 5 Reuters Wall Street was set to open higher on Friday after data showed fasterthanexpected jobs growth in February, reinforcing bets on an economic rebound driven by massive fiscal stimulus and vaccination drives. Nonfarm payrolls surged 379,000 jobs last month after rising 166,000 in January. Economists polled by Reuters had forecast February payrolls increasing […]
GBP Weekly Forecast: GBP/USD, GBP/JPY Struggling to Undo Change in Momentum
The British Pound continues to face downside pressure as corrective trades continue
USD/CAD Technical Analysis: May Be Near Confirming a Bullish Bias
The USD is trying to swing higher across the board, versus CAD it could gain some traction here soon with a confirmed break of an important threshold.
EUR/CHF IG Client Sentiment: Our data shows traders are now at their least net-long EUR/CHF since Nov 20 when EUR/CHF traded near 1.08.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias.