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.
Schlagwort-Archiv: Forecast
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.
British Pound Forecast: BoE Talks End Game, EUR/GBP Drops to Yearly Lows
BoE announces threshold to unwind balance sheet. EUR/GBP risking a break of YTD lows.
Weekly Fundamental Gold Price Forecast: Time to Glitter Again? US NFP Friday
Gold prices have finally started to respond to a promising fundamental backdrop – but as always, the US labor market report can upend even the best laid plans of mice and men.
Markets Week Ahead: Dow Jones, US Dollar, NFPs, Canadian Dollar, Australian Dollar, RBA
The Dow Jones and S&P 500 weakened despite a relatively dovish Fed as rising Covid cases threatened global growth. The Australian Dollar may be at risk, with the US Dollar and Canadian Dollar eyein…
Mexican Peso Weekly Forecast: USD/MXN Back Within Key Range as USD Flops
USD/MXN drops back into its recent range as investors await further guidance from economic data.
Nasdaq 100 Retreats From Record Territory After FAANG Earnings. What Next?
Tech stocks pulled back from record territory after Amazon posted tepid Q3 guidance. The pandemic winners see their growth rates normalizing in the second half of the year, limiting the upside pote…
Euro Forecast: EUR/USD Advance Should Continue After Strong Economic Data
Last week’s march higher in EUR/USD may well extend further after Friday’s Eurozone economic statistics that will likely turn the ECB more hawkish on monetary policy.