Nasdaq analysis: Stocks rebound to test key resistance ahead of big events
Our Nasdaq analysis shows the index is testing a major resistance zone, which should not be taken lightly, as we are heading into a key macro event next week.
EUR/USD outlook: US jobless claims jump but bigger risks next week
The dollar came under renewed pressure after Jobless Claims jumped, which further improved the short-term EUR/USD outlook. But clearly, the bigger risk events are taking placing in the week ahead.
Crude oil outlook: WTI extends recovery
After Tuesday’s sharp recovery off the lows, crude oil prices have pushed higher, erasing much of the post OPEC dump. As prices reverse, this continues to bolster the short-term crude oil outlook.
EUR/USD forecast: Some stability
While German data has softened, ECB’s hawkish rhetoric hasn’t and Fed’s rate hike probabilities have fallen, which has increased the dollar’s correction potential and improved the EUR/USD forecast.
Crude oil outlook: WTI erases losses
Crude oil prices turned positive, erasing earlier losses of around 2.5%, to make the short-term crude oil outlook more neutral-to-slightly positive.
Gold outlook, copper, AUD/NZD, USD/CAD - Technical Tuesday
In this week’s report, we are getting technical on the gold outlook, as well as copper, AUD/NZD and USD/CAD outlook.
Gold outlook brightens as services activity dims
Our long-term bullish gold outlook received a boost today as fresh doubts were cast over a June Fed rate hike.
USD/CAD outlook: Currency pair of the week
Upcoming policy decisions from the BOC this week and Fed next, as well as key data releases should impact the USD/CAD outlook meaningfully...
EUR/USD, AUD/USD and USD/CAD forecast – Forex Friday
In this week’s edition, we discuss the EUR/USD, AUD/USD and USD/CAD forecast and look forward to the macro events in the week ahead.
USD/CAD outlook: US dollar drops as June hike bets trimmed
The sell-off has been trigged by broad US dollar weakness ahead of the US nonfarm jobs report on Friday. Consequently, the USD/CAD outlook has turned bearish, at least in the short-term anyway.
EUR/USD analysis: Cooler inflation fails to shift ECB hike bets
Investors’ focus now turns back to US data as speculation over whether the Fed will hike in June continues. Watch out for fresh EUR/USD analysis from the team as the data could shift Fed bets again.