Market Forecast – Will USD, S&P 500 and Bitcoin rise together in May?

The dollar is back on the front foot after Yellen’s rate comments. Also, equities are staging significant recovery despite rallying treasury yield. Oil rally pauses while Gold struggles further. Light macros ahead today but the dollar should surge further.  Asian Wrap ahead of London Despite very robust earnings reports in the US, last week’s gains […]

Gold Forecast: when will the yellow metal resume the long-term rally?

The yellow metal will complete the first bullish month in 2021 after it bottomed at 1677 in March as a result of a falling treasury yield. Will the long-term bullish trend continue from here? Gold is up by over 3.5% in April. The last bullish month prior was in December when the commodity gained nearly […]

Market Forecast: GBPCHF squeezed in a bearish triangle at 1.27

The bears will likely drag GBPCHF further downside as post-brexit deal uncertainty pressure the Sterling. Also, bid for safe havens might intensify in the coming days.  GBPCHF was dragged to the 1.27 psychological level on Wednesday after staying around it since the start of the week. A recovering sterling and the recent strength in the […]

GBPUSD Forecast – Will the Bank of England hike the Pound or unsettle it?

The Cable is approaching the 1.4 psychological level ahead of the BoE monetary policy statements. Will there be a flash dip below the critical level or the pair will be supported enough to fly above it? A dovish/less-hawkish-than-expected Fed on Wednesday opened the ground for the dollar bears. the index slumped to 91.3 before a […]

Analysis and Forecast of Major Instruments – March 2 Update

The bid for safe-havens was firm in the early hours of the London session on Tuesday as market mood worsens. The dollar has rallied to its highest price in a month. Meanwhile, the  RBA has maintained 10 basis point rate decisions ahead of Wednesday’s GDP data. The market sentiment support risk-off in the early days […]

Daily Analysis: EURUSD retreats ahead of Powell testimony

EURUSD bullish trend remains intact ahead of Fed Chair Powell’s testimony before the US Congress later today. Currently, EURUSD is shedding profit as it’s currently finding minor support at 1.2150. The euro-dollar is primarily being driven by the dollar more than anything else. The inverse correlation between the Dollar Index and EURUSD remains firm. Thus, […]

Dollar Index Technical Forecast – who is leading the dollar race?

After a two-day resurgence, the dollar is retreating on Thursday ahead of the New York session. The market mood this week is back in support of the safe-havens as the stock markets stay on the back foot. Earlier in the week, concerns about a new strain of the virus disrupted the bullish risk tone the […]

Daily Forex Technical Forecast – Will the Dollar plunge lower on risk appetite?

Risk-on flow dominates the market this week. Safe havens like the dollar are severely beaten while equities and commodities maintain an upbeat mood. Let’s take a look at the technical forecast of the dollar and the major FX pairs. Will the dollar drag lower? The dollar resumed the long-term bearish trend on Friday and has […]

Mid-week market forecast: Dollar plunges across the board

It’s the mid-week and the dollar is bleeding against its major peers. The dollar index is down below 90. The downside remains more attractive ahead of the US core-CPI data. The greenback couldn’t sustain last week’s surge that took the DXY to 90.7. It only gained a significant 1.65% – highest since the late October […]

Daily Forecast- Technical Analysis of Major FX Pairs Ahead of NFP

The dollar resumed gains on Friday against other major currencies ahead of the first NFP data of the year. Let’s look at what the charts are printing ahead of the important event. Spotlight will be on the US’s first employment data of the year on Friday. Meanwhile, the dollar has been active early in the […]