Mexican Peso Outlook: USD/MXN Strongly Correlated to Bond Yields
USD/MXN hits 5-month high as bond yields pick up pace.
Australian Dollar Technical Forecast: AUD/USD, AUD/CAD, AUD/JPY Charts to Watch
A series of key technical levels offer potentially actionable trade levels across several Australian Dollar pairs. What are the key levels to watch out for in AUD/USD, AUD/CAD and AUD/JPY?
Euro Forecast: EUR/USD Well Supported as Global Central Banks Meet
Last week’s meeting of ECB monetary policymakers failed to weaken Eurozone bond yields, and any further moves higher this week would likely result in corresponding gains for EUR/USD.
British Pound Technical Forecast: Sterling Rally Fragile into Fed/BoE
Sterling may have snapped a two-week losing streak but GBP/USD remains on defense into the FOMC/BoE. Here are the levels that matter on the weekly technical chart.
Gold Price Forecast: XAU/USD Hinges on Fed Meeting, Real Yields
XAU/USD price action caught a much-needed bid this past week as gold pushed higher thanks to help from a slightly softer US Dollar. Will the Fed meeting on deck spark another precious metal selloff?
Weekly Technical Crude Oil Price Forecast: Ignore Short-term Noise – A Multi-Decade Downtrend is Broken
Crude oil prices have been on fire in 2021, and in the process of their run higher, have cleared significant technical resistance. Any setbacks should be viewed in this context.
US Dollar Outlook Hinges on Federal Reserve Forward Guidance
Fresh forecasts coming out of the Federal Reserve are likely to influence the US Dollar as Fed officials are slated to update the Summary of Economic Projections (SEP).
Dow Jones, Nasdaq 100, DAX 30 Forecasts for the Week Ahead
The Dow Jones and DAX 30 have broken out to fresh all-time highs while the Nasdaq 100 continues to struggle with trendline resistance after its breakdown over the last few weeks.
New Zealand Dollar Forecast: NZD/USD Rebound Hinges on FOMC Meeting
The New Zealand Dollar has regained lost ground against the US Dollar in recent days and remains poised to continue pushing higher. However, the upcoming FOMC rate decision may ultimately define th…
Australian Dollar Risks Wilting if Fed Remains Sanguine on Treasury Yields
The Australian Dollar is aiming to resume its uptrend, but the Fed and its take on the bond market still poses a risk to it ahead. AUD/USD may thus look past Australia’s jobs report.