Page 7 - Hour Chart News Today

US Dollar Price Forecast: DXY to Slide Lower Ahead of FOMC Rate Decision 2021-04-26 07:00:00 Daniel Moss, Analyst US Dollar Index, DXY, FOMC, US Q1 GDP, US 10-Year Treasury Yields – Talking Points: Equity markets lost ground during APAC trade as investors look towards a series of US corporate earnings releases. The FOMC’s dovish stance may limit the US Dollar’s upside against its major counterparts. US Dollar Index (DXY) poised to slide lower as prices challenge key range support. Asia...

Canadian Dollar Forecast: USD/CAD Probing Resistance With Jobs Data on Tap 2021-04-09 07:00:00 Daniel Moss, Analyst Canadian Dollar, USD/CAD, Canadian Employment Data, Coronavirus Vaccinations - Talking Points: Equity markets traded broadly mixed during APAC trade despite a strong Wall Street session overnight. Upcoming Canadian jobs data will likely dictate the near-term trajectory of the USD/CAD exchange rate. The formation...

DAX 30 Index Could Pullback on Recovery Fund Delay, AstraZeneca Shot Ban 2021-04-01 07:00:00 Daniel Moss, Analyst DAX 30, EU Recovery Fund, AstraZeneca Vaccine, Coronavirus Cases, Restrictions – Talking Points: Equity markets largely gained ground during APAC trade as investors mulled the prospect of additional US fiscal stimulus. The delayed ratification of the EU Recovery Fund and a ban on AstraZeneca’s vaccine may weigh...

New Zealand Dollar Forecast: NZD/USD Rebound Hinges on FOMC Meeting 2021-03-13 04:00:00 Daniel Moss, Analyst New Zealand Dollar Fundamental Forecast: Mixed NZD/USD has rebounded robustly in recent days on the back of an underwhelming US CPI report. The upcoming FOMC monetary policy meeting may ultimately define the exchange rate’s near-term trajectory. Advertisement The New Zealand Dollar has rebounded r...

Bitcoin Outlook: BTC Poised to Break to Fresh Highs or Is a Reversal Afoot? 2021-03-11 03:00:00 Daniel Moss, Analyst Bitcoin, BTC/USD, Technical Analysis, IGCS – Talking Points: Bitcoin has rallied significantly in March, after toppling lower at the tail end of last month. However, short-term technical signals suggest a reversal lower could be on the cards. Advertisement As predicted in previous reports,...

Dovish commentary from Federal Reserve Chairman Jerome Powell and the impending provision of additional fiscal support will probably keep USD on the backfoot against its counterparts.

The Euro-area’s cumbersome vaccine rollout, in tandem with a notable rise in inflation expectations, may cut short the Euro’s recovery against the US Dollar.

The Australian Dollar longer-term outlook remains bullish however, the cyclically-sensitive currency could slip lower against the US Dollar and Japanese Yen in the short term ahead of the RBA inter...

Canadian Dollar Outlook: USD/CAD to Push Higher as Risk Appetite Fades 2021-01-29 07:30:00 Daniel Moss, Analyst Canadian Dollar, Bank of Canada, Coronavirus Restrictions, USD/CAD, IGCS – Talking Points: Risk appetite continued to wane during APAC trade, sending equity markets sliding lower. The Canadian Dollar’s recent weakness may prove short-lived as coronavirus cases notably decline. USD/CAD may extend its push to fres...

US Dollar Outlook: DXY Forms Head and Shoulders Pattern Ahead of FOMC 2021-01-27 07:30:00 Daniel Moss, Analyst US Dollar Index, DXY, Federal Reserve Interest Rate Decision, FOMC, Coronavirus – Talking Points: Equity markets crept cautiously higher during APAC trade. USD could come under further pressure as the FOMC rate decision shifts into focus. The US Dollar Index (DXY) at risk of extended declines as price carves out a ...