US Q2 GDP Stronger Than Expected, US Dollar Continues to Rally
The first look at US Q2 GDP beat market expectations with ease and further boosted the US dollar ahead of next weeks highly anticipated FOMC rate decision.
USDCAD Rate May Rise Further After Monthly Opening Range Break
Current market conditions may fuel a larger rebound in USDCAD as the exchange rate clears the opening range for July.
US Dollar Goes Haywire on Fed-Speak Mis-Fire: Now What？
Markets got chaotic after an off-hand comment from NY Fed President John Williams. Those comments were walked back as the Fed now enters the blackout period.
Dovish ECB Meeting Minutes to Rattle EURUSD Rate Rebound
Fresh developments coming out of the Euro area may rattle the recent rebound in EURUSD if the ECB shows a greater willingness to implement more non-standard measures.
Crude Oil Prices May Weaken Before Powell Testimony, FOMC Minutes
Crude oil prices may retreat as market-wide risk appetite cools before much-anticipated testimony from Fed Chair Powell and the release of June FOMC meeting minutes.
EURUSD Vulnerable to Larger Pullback on Strong US Job/Wage Growth
Updates to the US Non-Farm Payrolls (NFP) report may keep EURUSD under pressure as the economy is anticipated to add 160K jobs in June.
USDCAD Rate Searches for Support, RSI Flirts with Oversold Territory
USDCAD may continue to exhibit a bearish behavior over the remainder of the week as the Relative Strength Index (RSI) flirts with oversold territory.
Gold Prices Susceptible to Larger Pullback as RSI Offers Sell Signal
Gold prices stand at risk of facing a larger correction as the Relative Strength Index (RSI) falls back from overbought territory and flashes a textbook sell-signal.
Gold Prices Surge to 6-Year High But Gains May Be Fleeting
Gold prices surged to a six-year high amid swelling Fed interest rate cut speculation, but the moves underlying forces may bring about its own undoing.
EUR/USD Pops, GBP/USD Tests Resistance as USD Slammed post-FOMC
It's been a busy backdrop since yesterday's FOMC rate decision, with risk assets flying-higher as the US Dollar has taken a dive.
USDCAD Rate Eyes Monthly Low as FOMC Adjusts Interest Rate Forecast
USDCAD appears to be on track to test the monthly-low (1.3238) following the Federal Reserve meeting as the exchange rate initiates a series of lower highs and lows.
Dow Jones & S&P 500 Price Outlook After June Fed Meeting
Following Junes FOMC rate decision, the Dow Jones and the S&P 500 may enjoy a renewed sense of euphoria as monetary policy is set to loosen.
EURUSD Rate Breakout Undermined by Dovish ECB Forward Guidance
EURUSD struggles to hold its ground ahead of the Fed rate decision as ECB President Mario Draghi endorses a dovish forward-guidance for monetary policy.
Crude Oil, Gold Prices Look to Fed Rate Decision for Direction Cues
Crude oil and gold prices are looking ahead to the Federal Reserve policy announcement for direction cues. The balance of risks seems to bode ill for commodities.
Gold Price Chart Hints at Topping Before Key Fed Policy Meeting
Gold price chart positioning hints that a top may be in the works ahead of the upcoming FOMC meeting after last weeks capitulation at 14-month highs.
USDCAD Rate Rebound Fizzles Ahead of US Retail Sales Report
The rebound in USDCAD appears to be stalling ahead of the US Retail Sales report as the exchange rate fails to extend the recent series of higher highs and lows.
USDCAD Rate Eyes April-Low Ahead of NFP, Canada Employment Report
USDCAD continues to give back advance from the April-low (1.3274) ahead of the NFP report as Federal Reserve officials change their tune.
Top 5 Events: May US Jobs Report (NFP) & USDJPY Price Forecast
The May US Change in Nonfarm Payrolls report is due on Friday at 12:30 GMT.
Gold Price Breakout Triggers Overbought RSI Reading
Gold prices may continue to gain ground over the coming days as the Relative Strength Index (RSI) flirts with overbought territory.
US Dollar Steadies as May FOMC Minutes Detail “Patient” Approach
The May FOMC minutes detailed a reserved conversation among policymakers who believed that patience on rates would be appropriate for the foreseeable future.