The Dollar Index (DXY) finished the week with a whimper as Friday’s US data came in mixed. Bullish structure remains intact above the 104.30 level.
Schlagwort-Archiv: Market
Euro Week Ahead Forecast: Will ECB Hawks Gain the Upper Hand on Rate Hikes?
The ECB is expected to hike rates by 50 basis points next Thursday and indicate that they will continue to hike aggressively to press down on inflation.
Gold Technical Forecast: XAU/USD Bull Run Extends
Gold has achieved a phenomenal turnaround after the massive sell-off in February. A close above 1833 entrenches the recent advance as momentum turns positive
Canadian Dollar Outlook: USD/CAD Halted by Event Risk. Fed, BoC on Deck
USD/CAD prices move cautiously ahead of a busy economic calendar. What will move Loonie this week?
Australian Dollar Outlook: Steady Ahead of RBA Decision
The Australian Dollar consolidated last week pre-RBA monetary policy meeting as yield differentials provide a headwind. If the RBA hike, will AUD/USD get a boost?
US Dollar Weekly Forecast: Will Another Solid Jobs Report Boost the Greenback?
The US Dollar may rise if another solid non-farm payrolls report underscores a tight labor market amid sticky price pressures, causing the Federal Reserve to remain tighter for longer.
WTI Crude Oil Technical Forecast: Morningstar Candlestick Pattern Hints at Bullish Continuation
WTI eyeing further gains with the range top at $82 holding the key. Chinese data likely to keep bulls interested.
Australian Dollar Forecast: Will China PMI Help Reverse AUD/USD’s Decline?
The slide in the Australian dollar has paused following surprisingly strong China manufacturing and services data. Would it be enough to trigger a sustainable rebound in AUD/USD?
Euro Week Ahead Forecast: Fed’s Powell Testimony Will Drive Market Sentiment
EUR/USD will be dancing to the US dollar’s tune next week with Fed chair Powell’s Semi-Annual Testimony to the US Senate’s Banking Committee and the delayed US Jobs Report the highlights.
Nasdaq 100, Dow Jones, S&P 500 Technical Forecast: Key Support Breaks Hint at Losses
The Nasdaq 100, Dow Jones and S&P 500 all marked notable bearish technical developments last week. Is this setting the stage for more disappointment in the week ahead?