US Dollar Outlook: USD Undeterred by FOMC– DXY Threatens Breakout
Dollar is back at resistance near the yearly highs with the post-FOMC snapback threatening a possible breakout. Here are the levels that matter on the DXY charts.
USD/MXN Outlook: Mexican Peso Shows Resilience Ahead of Banxico Meeting
The Fed’s “keep calm” message has kept USD/MXN subdued despite rising bond yields.
Australian Dollar Technical Forecast: AUD/USD, AUD/JPY, AUD/NZD
The Australian Dollar has struggled to maintain upward momentum as AUD/USD and AUD/JPY peel back to support amid subdued market sentiment. Can AUD/NZD eclipse key resistance?
Euro Forecast: Prepare for Possible EUR/USD Break to the Downside
EUR/USD looks ready to break out from the relatively narrow range it has traded in for most of this month. It could go either way but the downside looks more likely.
British Pound Technical Forecast: GBP/USD, GBP/JPY, EUR/GBP
Cable calmed and GBP/JPY put in its first bearish weekly bar in more than two months. Is the British Pound about to turn-around?
Gold Weekly Technical Forecast: Has Gold Reached a Turning Point?
Gold posts second consecutive weekly gain as Fed defends new policy.
US Dollar Outlook: The Ongoing Battle for Yield Control
The US dollar is being underpinned by rising US Treasury yields as inflation fears continue to stalk the market.
Nasdaq 100 Forecast: Eyeing Further Downside if a "Death Cross" Forms
The Nasdaq 100 index failed to breach above the trend-defining 50-day SMA line and has reversed lower since. The formation of a “Death Cross” may point to further downside potential.
Swiss Franc Forecast: Why CHF May be at Risk Despite Wobbly Stocks, Eyes on SNB
The Swiss Franc has been struggling to capitalize on stock market volatility ahead of the SNB policy meeting. Rising government bond rates externally may leave CHF vulnerable in the long run.
Canadian Dollar Forecast: USD/CAD, AUD/CAD Spotlight on Technical Levels
USD/CAD and AUD/CAD shifted through key technical levels last week. What are the paths of least resistance for the Canadian Dollar versus the Greenback and Aussie-Dollar?