Forex Market Review
USD/JPY Rejected above $111.00 As US Indices Turn Bullish On Fed Chair Rhetoric
USD/JPY retreated lower after powering through the 111.00 level.
Jun 23, 2021 // Forex Market Review, USDJPY
AUD/USD: Break and Retest Pattern in Play After Hawkish Fed
The AUD/USD pair declined sharply after the relatively hawkish Federal Reserve. It fell to 0.7597, which was more than 3.70% below the highest level this year.
Jun 17, 2021 // Forex Market Review, AUDUSD
NZD/USD: Falling Business Confidence Rating Pulls the New Zealand Dollar
The NZD/USD pair traded at -1.30% in the week leading to June 11, 2021, twice the level it has lost year-to-date at -0.68%
Jun 14, 2021 // Forex Market Review, NZDUSD
US Soybeans Futures Dip Slightly Ahead of, June 2021 Report
Soybean prices dropped 1.18% on June 9, 2021, after closing at $1.561.38 (-18.62 points) from the previous day's trading.
Jun 10, 2021 // Forex Market Review, commodities, Commodity, Soybean
Stitch Fix Stock Could Jump by 35% as Growth Steadies
The Stitch Fix stock price rocketed higher on Tuesday after the company released strong quarterly results and boosted its forward guidance.
Jun 9, 2021 // Forex Market Review, stocks
iShares Silver Trust (SLV): Silver Price Rallies Despite a Decrease in Global Production
The $1.8 trillion budget deficit from President Biden’s $6 trillion budget proposal will add inflation into 2022.
Jun 3, 2021 // Forex Market Review, SLV, iShares Silver Trust
Crude Oil Surges With Improved Manufacturing as US Daily COVID-19 Cases Fall Below 18,000
Crude Oil WTI contract traded at +0.87% price change after it reached a three-year high of $68.31 on June 1, 2021, from the previous day.
Jun 2, 2021 // Forex Market Review, commodities, Crude Oil, Commodity, OPEC, Crude Oil WTI
Oil Prices in Safe Territory Despite Staring at a Possible Slowdown
Oil prices were in the range yesterday, as rising demand in the U.S. and European summer helped absorb the aftershocks of reduced consumption in India and concerns over potential inflows from Iran.
May 31, 2021 // Forex Market Review, commodities, Crude Oil, Commodity
Crude Oil Price on a Stable Growth Path
Crude oil and Brent crude futures prices reached the highest level YTD. Oil and gasoline inventories declined nationwide.
May 28, 2021 // Forex Market Review, commodities, Crude Oil, Commodity
Aluminum Prices Hanging in the Balance, but a Decline Looks More Likely
LME's three-month aluminum prices closed at $2,466/ton on Tuesday, going down by about 1.2%.
May 19, 2021 // Forex Market Review, commodities, Commodity, aluminum
Silver Price: Key Levels to Watch Ahead of the US Retail Sales
The Silver price drops on the recent inflation data, the rising Consumer Price Index (CPI), and Producer Price Index (PPI).
May 14, 2021 // Forex Market Review, commodities, Silver, Commodity
There’s No Stopping Corn
Corn prices are likely to rise further as a result of high demand from China and reduced yield in Brazil.
May 11, 2021 // Forex Market Review, commodities, Commodity, corn
SOYB: Us Soybeans’ Futures Gain Buoyed by High Vegetable Oil Prices
US (CBOT) soybeans’ futures gained +1.00% on May 7, 2021, from the previous day after opening at $1,585, their highest level in five years.
May 7, 2021 // Forex Market Review, ETF, SOYB
Where We Are: The Year 2, Divergences and Sentiment Shifts
Why are markets stalling worldwide? The US indices are doing well compared to the rest of the world, but even the world’s biggest stock market is slowing.
May 5, 2021 // Forex Market Review, DXY, Index Futures
GBP/USD Weekly Outlook: BOE and Non-Farm Payrolls in Focus
The GBP/USD broke out lower on Friday last week as the US dollar strength accelerated following strong data from the United States. It dropped to 1.3800, which was more than 1.50% below the highest point in April.
May 4, 2021 // Forex Market Review, GBPUSD