NZD/USD may face range-bound conditions going into May as it reverses course ahead of the monthly low (0.5843) and extends the rebound from the previous week.
Blogs
Japanese Yen Breakout Versus US Dollar in Focus as Stocks Wobbled
The Japanese Yen may be breaking out against the US Dollar after almost a month of consolidation. This follows a rather choppy session for global equities as Wall Street fell.
AUD/USD Climbs, US Dollar Drops Ahead of the Fed & GDP Data
US Dollar has dropped over the last three-consecutive trading sessions as market participants pressure the DXY Index. Can AUD/USD price action extend recent gains with the Fed and US GDP data on deck?
Gold Intraday: Bullish Consolidation
<p>Spot gold ended up 0.5% yesterday, posting a three-day rebound. Despite U.S. stocks climbing higher, investors continue to see gold as a hedging option, given the uncertainty over violent protests in the U.S. and U.S.-China relationship. Bloomberg data showed that, total known ETFs’ holding of gold increased for a twenty seventh stra
Dow Jones Price Outlook: High-Profile Earnings Highlight Coronavirus Impact
A series of high-profile earnings results from Alphabet, AMD, and Ford were reported on Tuesday with a varying degree of impact from coronavirus.
Canadian Dollar Price Outlook: USD/CAD Snaps Back, Will Bears React?
USD/CAD fell back-below the 1.4000 marker this morning, and has since checked back to prior support for potential resistance.
Russell 2000 &amp; Mid-Cap Stocks Surge on Fed Policy Tweak, VIX Falls
The Russell 2000, a mid-cap equity index, is now outperforming other popular stock market benchmarks like the S&P 500, Dow Jones and Nasdaq. Will major Fed policy toolkit changes keep bolstering th…
Silver Forecast: Markets Finding Buyers at Same Space – 29 April 2020
Silver markets have pulled back a bit during the trading session on Tuesday.
Gold Forecast: Markets Find Buyers Again After Selloff – 29 April 2020
Gold markets continue to see buyers underneath, as it has seen selling pressure at the open on Tuesday but have also seen futures traders get long just above the $1700 level.
BTC/USD Forecast: Heading into Major Resistance Barrier – 29 April 2020
Bitcoin markets have rallied slightly during the trading session on Tuesday but gave back what little gains they made as we are waiting the Federal Reserve’s announcement.