Page 2 - Weekly Timeframe News Today

For a year in which the USD spent much of the outing in a range, it was a great year for US Dollar volatility.

Sterling continues to advance against other major currencies, with GBP/USD up and EUR/GBP down, but GBP/JPY is now close to previous highs that could impede its upward progress.

US and Brent crude oil prices are well placed to advance further, and that would add to the downward pressure on stock prices, US Treasury bond prices and gold, with USD benefiting.

Sterling ‘s strong rally that has taken it to its highest level since April 2018 shows no sign of running out of steam just yet, although there could be some consolidation first.

Canadian Dollar Price Forecast: Can USD/CAD Reverse Course and Rally? 2021-05-19 20:35:00 Peter Hanks, Strategist USD/CAD Price Outlook: USD/CAD fell to its lowest level since September 2017 this week but has since reversed Rising risk aversion, falling crude oil prices and potential taper talk from the Fed could look to drive a USD/CAD recovery rally Still, the pair has declined for months and attempting to call a bottom near the lowest level in four years can be a risky endeavor Canadian Doll...

Dow Jones Price Forecast: Broader Uptrend Remains Intact Despite Volatility 2021-05-18 20:30:00 Peter Hanks, Strategist Dow Jones Price Outlook: The Dow Jones remains above an important trendline from March 2020 Nevertheless, the bullish outlook could fall under threat if bearish price action sparks a trendline break Dow Jones Price Forecast: Broader Uptrend Remains Intact Despite Volatility The Dow Jones has been an outstanding performer among the three US indices over the last few months as...

Gold has rallied to the topside of its downtrend and white-hot inflation data could help spur the precious yellow metal higher. Can gold stage a breakout to snap its 8-month downtrend?

Will Lumber Prices Prick US Housing Bubble or Will Low Mortgage Rates Prevail? Advertisement US Housing Market Outlook: There’s a lot of chatter among market participants about the state of the US housing market, which has seen its strongest run of price growth since 2006 – right before the US housing bubble burst, which helped lead to the Global Financial Crisis. Supply chain issues (e.g. closed sawmills) have helped lift lumber prices to all-time highs, leading to over a $35K increase in ...

Will Lumber Prices Prick US Housing Bubble or Will Low Mortgage Rates Prevail? Advertisement US Housing Market Outlook: There’s a lot of chatter among market participants about the state of the US housing market, which has seen its strongest run of price growth since 2006 – right before the US housing bubble burst, which helped lead to the Global Financial Crisis. Supply chain issues (e.g. closed sawmills) have helped lift lumber prices to all-time highs, leading to over a $35K increase in ...

USD Q2 2021 Technical Forecast 2021-04-21 17:30:00 James Stanley, Senior Strategist Technical Analysis: US Dollar Begins with a Bounce but the Big Bear Still Lurks It was a bizarre beginning to a New Year for the US Dollar, but given 2020 I’m not sure how surprising it should be. The US Dollar came into 2021 after a very clear and strong one-sided trend enveloped the currency for the final 8 months of last year. Around the 2021 open, the US Dollar was flashing oversold conditions while also w...