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US Dollar Price Forecast: DXY to Slide Lower Ahead of FOMC Rate Decision


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-Pacific Recap
Equity markets slid lower during Asia-Pacific trade ahead of a slew of significant corporate earnings releases out of the US and the upcoming FOMC interest rate decision. Australia’s ASX 200 (-0.21%), China’s CSI 300 (-0.82%) and Hong Kong’s Hang Seng Index (-0.22%) all lost ground, while Japan’s Nikkei 225 crept marginally higher. ....

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Canadian Dollar Forecast: USD/CAD Probing Resistance With Jobs Data on Tap


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 of a bullish Falling Wedge formation could inspire buyers to drive USD/CAD higher.
Asia-Pacific Recap
Equity markets traded mixed during Asia-Pacific trade after a relatively robust Wall Street session overnight that saw the benchmark S&P 500 climb to fresh record highs, on the back of commentary from Federal Reserve Chair Jerome Powell reiterating the central bank’s accommodative monetary policy stance. Australia’s ASX 200 dipped lower alongside Hon ....

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