Equities continued their upward trajectory, with the S&P 500, FTSE 100 and Nikkei 225 pushing higher. This left the US Dollar vulnerable at the expense of the Australian Dollar. Crude oil prices so…
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Weekly Technical US Dollar Forecast: Technical Damage Not Undone
The DXY Index’s rebound in recent weeks has done little to revert the major technical damage sustained in recent months.
S&P 500 May Extend Rally on Stimulus Hopes and a Weaker US Dollar
The three major US indices may extend their broader upward trajectory, carried by fiscal stimulus hopes, an improved fundamental outlook, positive earnings guidance and a weaker US Dollar.
Euro Forecast: EUR/USD Outlook Improves as US Dollar Slides
Last week’s benign US inflation data and bearish comments from the Federal Reserve’s Jerome Powell have undermined the US Dollar and improved the prospects for EUR/USD accordingly.
Mexican Peso Forecast: Short-Term Direction to be Determined as Key Levels Loom
USD/MXN to move in line with overall market sentiment as economic data dries up.
Gold Price Forecast: Can the US Dollar Save Gold from a Breakdown?
Gold prices subdued, familiar resistance caps. Downside risks remain unless USD cracks key support.
Crude Oil Prices Set to Extend Further. Have Prices Ran Too Far, Too Fast?
Crude oil’s rally looks set to extend further after the IEA pointed to near-term risks for 2021 in an updated report. However, a short-term pullback may be needed before higher ground is seen.
US Dollar Fundamental Forecast: Downtrend to Resume Course as Stocks Climb?
The anti-risk US Dollar weakened this past week as the Dow Jones, S&P 500 and Nasdaq Composite climbed. Has the dominant downtrend resumed course?
Australian Dollar Forecast: Iron Ore Prices Counterbalancing Dovish RBA
The Australia Dollar may continue to gain ground on the back of surging iron ore prices, despite the RBA’s decision to extend its current $100 billion bond purchasing program.
Markets Week Ahead: Dow Jones, Nasdaq, US Dollar, Gold, Treasuries, Central Bankers
Market sentiment recovered, with the Dow Jones, S&P 500 and Nasdaq Composite charging higher. Yet, the anti-risk US Dollar stabilized amid rising longer-term Treasury yields, pressuring gold prices…