The Australian Dollar continues to face headwinds from a number of fronts with divergencies in risk assets, RBA/Fed tapering plans and Chinese Crackdowns.
Schlagwort-Archiv: Estimate
British Pound (GBP) Weekly Forecast: Will CPI and PPI Continue to Diverge?
GBP ends the week with mixed performance as July jobs, CPI and PPI data will be in focus next week
Markets Week Ahead: Dow, Gold, Oil, US Dollar, Yen, Inflation, Covid
Markets were relatively quiet despite some bouts of volatility last week. The Dow hit a fresh record high and the US Dollar strengthened while gold and oil plunged. Inflation and covid risk eyed.
Nasdaq 100 Index Forecast: Eyeing 15,300 With Upward Trajectory Still Intact
The Nasdaq 100 index may be challenging a key resistance level at 15,300 this week amid an upward trend. The MACD indicator edged lower however, suggesting that momentum may be weakening.
Mexican Peso Weekly Forecast: USD/MXN on the Lookout for Banxico Meeting and Fed Commentary Post NFP
USD/MXN finds strong resistance at 20.00 as sellers attempt to gather momentum
Mexican Peso Weekly Forecast: USD/MXN on the Lookout for Banxico Meeting and Fed Commentary Post NFP
USD/MXN finds strong resistance at 20.00 as sellers attempt to gather momentum
Euro Forecast: EUR/USD Likely to Hold its Ground in Week Ahead
The Euro is currently being pulled one way by a growing Eurozone economy and the other by a dovish ECB. The result is likely to be opportunities to trade the range in EUR/USD.
Gold Fundamental Forecast: XAU/USD Eyes CPI After NFP Plunge
Gold prices plunged lower after a hotter-than-expected NFP report bolstered the US Dollar and Fed rate hike bets. The yellow metal turns its focus to CPI figures.
Weekly Fundamental US Dollar Forecast: Will Inflation Propel US Dollar after the Strong July NFP?
The US Dollar (via the DXY Index) has rallied after the July US nonfarm payrolls report on the back of elevated US Treasury yields and a jump in Fed rate hike odds.
Australian Dollar May Wobble on Global Covid Cases, Fedspeak, Iron Ore Price Drop
The Australian Dollar may be vulnerable as a combination of rising Covid cases around the world, Fedspeak about tapering asset purchases and falling iron ore prices weigh on AUD/USD.