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  1. Weekly Fundamental US Dollar Forecast

    by , 05-31-2022 at 10:45 AM
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    The US Dollar (via the DXY Index) has lost ground for two consecutive weeks.
    Interest rate differentials have narrowed among the major currencies, undercutting a key source of US Dollar strength in recent months. Incoming US economic data won’t do any favors for the ‘US recession’ calls, but key US labor market figures will likely remain strong. The US Dollar has a bearish bias heading into the first week of June.

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  2. Euro Week Ahead

    by , 05-30-2022 at 06:18 PM
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    The Euro saw its best two-week performance since January as the markets boosted ECB rate hike bets and cooled Fed tightening expectations. EUR/USD still faces multiple obstacles next.
    Daily price was bounced from 1.0349 support level to above for the bear matrket rally to be started. The price is trying to break the bullish triangle pattern with 1.0764 resistance level to above for the possible bullish reversal to be started. Alternatively, the ...
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  3. Bitcoin Weekly Forecast

    by , 05-29-2022 at 06:09 PM
    Bitcoin continues to hold support around $28,730 – trendline resistance overhead. JP Morgan upgrades crypto and calls it a preferred alternative asset. And Guggenheim CIO Scott Minerd calls for Bitcoin to fall to $8k in Davos interview.

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    Daily price is on bearish ranging within 27,993 support for the bearish trend to be continuing with 25,247 target to re-enter and 32,940 resistance level for the daily bullish reversal to be started. ...
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  4. U.S. Pending Home Sales Plunge More Than Expected In April

    by , 05-27-2022 at 10:34 AM
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    A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. plummeted by much more than expected in the month of April. NAR said its pending home sales plunged by 3.9 percent to 99.3 in April after tumbling by 1.6 percent to a revised 103.3 in March.

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  5. Fed Minutes Hint At More 50 Basis Point Interest Rate Hikes

    by , 05-26-2022 at 10:28 AM
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    With inflation remaining stubbornly elevated, the minutes of the Federal Reserve's latest monetary policy meeting showed the central bank intends to move "expeditiously" to a more neutral monetary policy stance. The minutes revealed the Fed plans to use both interest rate increases and reductions in the size of its balance sheet to achieve a neutral posture.

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