The Reserve Bank of Australia (RBA) interest rate decision may keep AUD/USD afloat if the central bank tames speculation for additional monetary support.
Blogs
USD, GBP, EUR & AUD Brace for Cross-Continental Political Peril
The US Dollar, Euro, British Pound and Australian Dollar will all be at the mercy of political developments in Asia, Europe and North America this week. An avalanche of PMI data will set the backdrop.
Dow Jones, S&P 500, Nasdaq Composite Ready for More Highs?
The Dow Jones, S&P 500 and Nasdaq Composite may climb after my Wall Street index avoided a downside breakout. Donald Trump’s news conference on China cooled escalation woes.
Markets Week Ahead: AUD, CAD, GBP, Brexit Talks, Dow Jones, USD, NFPs
The Australian Dollar, Canadian Dollar and Euro await the RBA, BoC and ECB respectively. Brexit talks continue, and rising fears of a no-deal could weigh on the British Pound. Will the Dow Jones an…
USD/MXN Outlook: Mexican President Sees Opportunity in Worsening US-China Relationship
López Obrador hopes USMCA will help tighten trade relationships between the US and Mexico
Gold Prices Face RBA, BoC, ECB, US Jobs Data and Brexit Talks
The medium-term gold outlook still seems favorable as the Fed, ECB and more keep rates around 0. Immediate event risk ahead includes the RBA and BoC interest rate decisions, US jobs data and Brexit…
US Dollar (USD) Outlook: US-China Tensions Likely to Escalate Further
The US dollar continued to sell-off this week and the greenback’s future will be decided by commentary from the White House and not the Federal Reserve over the coming days and weeks.
Oil Price to Stay Afloat as US Output Falls to Lowest Level Since 2018
The ongoing contraction in US production may keep oil prices afloat in June as crude output falls to its lowest level since October 2018.
EUR/USD Monthly Forecast: June 2020 – 31 May 2020
Monthly chart suggests trend change from bearish to bullish
Trading Support and Resistance – 31 May 2020
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of May 31, 2020.