Oil Price Outlook: Crude Breakout Vulnerable at Multi-year Resistance
Oil prices surged more than 85% off the November low with the rally now testing resistance at yearly highs. Here are the levels that ma...
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RBNZ Preview – Policymakers to Sound Less Dovish with Yields and NZD Strengthened
We expect the RBNZ to deliver a less dovish message in the upcoming meeting. Economic data released since the November meeting have bee...
Aussie Surged With Industrial Metal Prices, More Upside in Favor
Stocks markets took a breather last week while focus turned to surging industrial metal prices and treasury yields. Strength in metals ...
CFTC Commitments of Traders – Platinum Rallied to 6-Year High on Strong Demand Expectations
Precious metals were mixed last week. According to the CFTC Commitments of Traders report for the week ended February 16, gold futures’...
Nasdaq 100 Forecast: Minor Correction Ahead Amid an Ascending Channel?
The Nasdaq 100 index likely entered a technical correction after hitting the 161.8% Fibonacci extension resistance. The overall trend r...
CFTC Commitments of Traders – USD Net Short Gained Slightly as Risk Appetite Improved
As suggested in the CFTC Commitments of Traders report in the week ended February 16, NET SHORT of USD Index futures dropped -412 contr...
EUR/USD Forecast: Euro Reversal Takes Shape Ahead of February Low
EUR/USD appears to have reversed course ahead of the February low (1.1952) as it breaks out of the descending channel from earlier this...
Australian Dollar Technical Forecast: AUD/USD, AUD/JPY, EUR/AUD
It was a week of strength for the Aussie, as AUD set fresh highs against all of the US Dollar, the Japanese Yen and the Euro.
New Zealand Dollar Forecast: Bullish Outcomes Unfold for NZD/JPY, NZD/USD
NZD/JPY has broken through the 2019 high on its way to a fresh yearly high, while NZD/USD just reached its high for 2021.
Gold Price Outlook – A Support Break Sets Up More Selling
Gold is weak right now and could continue to be in the near-term; watch support for further cues.