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AUD/USD Weekly Forecast: Upbeat Data Ignites Dollar Strength

AUD/USD Weekly Forecast: Upbeat Data Ignites Dollar Strength

The AUD/USD weekly forecast shows bearish prospects as the dollar flexes its muscles once again, fueled by the resilience of the US economy. Ups and downs of AUD/USDAUD/USD had a bearish week where the RBA was less hawkish. Notably, the Reserve Bank of Australia held rates on Tuesday and took on a more neutral tone, reducing […]
Week Ahead: Enthusiasm For The Dollar Rekindled

Week Ahead: Enthusiasm For The Dollar Rekindled

Image Source: DepositPhotosLast week will be remembered for several things. First, the Bank of Japan lifted its interest rate target for the first time in 17 years and formally ended its Yield Curve Control and ceased buying ETFs. The yen sold off and the dollar approach the 2022 and 2023 cap slightly below JPY152. Japanese […]
GBP/JPY Price Analysis: Retreats From Nine-Year Peak Below 191.00

GBP/JPY Price Analysis: Retreats From Nine-Year Peak Below 191.00

The GBP/JPY retreats deeper below the 190.00 figure after hitting a 9-year high of 193.55, as buyers fail to push through the latter and aim toward the 194.00 mark. At the time of writing, the pair traded at 190.69, down 0.61%. GBP/JPY Price Analysis: Technical outlookDespite falling, the GBP/JPY remains upward biased despite posting losses. The […]
3 Top-Ranked, Market-Beating Stocks To Buy

3 Top-Ranked, Market-Beating Stocks To Buy

The S&P 500 and the Nasdaq ripped higher after the Fed signaled on Wednesday that three interest rate cuts were still on the table in 2024. Wall Street is now more hopeful about rate cuts starting in June or July vs. September or beyond.Of course, healthy pullbacks will be thrown in throughout 2024. But as […]
US. Crude Oil Export Surged To New Record In 2023

US. Crude Oil Export Surged To New Record In 2023

Fresh on the heels of a new U.S. oil production record and establishment of the U.S. as the world’s top liquefied natural gas (LNG) exporter, this week the Energy Information Administration reported that the U.S. exported a record amount of crude oil in 2023.The U.S. has exported small amounts of crude oil for over 100 years, despite being a net importer […]
Canadian Dollar Stumbles Further Versus Greenback Despite Above-forecast Retail Sales On Friday

Canadian Dollar Stumbles Further Versus Greenback Despite Above-forecast Retail Sales On Friday

The Canadian Dollar (CAD) shed further weight against the US Dollar (USD) on Friday as market participants readjust their Greenback exposure in quiet Friday trading. Investors have pared back nearly all of the gains made during the midweek splurge sparked by rate cut bet hopes after the Federal Reserve (Fed) nodded toward higher odds of […]
AUD/JPY Price Analysis: Bearish Pressure Intensifies, Sellers Eye The 20-Day SMA

AUD/JPY Price Analysis: Bearish Pressure Intensifies, Sellers Eye The 20-Day SMA

The AUD/JPY pair is currently trading at 98.60, showing a substantial decrease of nearly 1%. Despite this decline, the broader trend continues to show positivity, with bulls maintaining their control. In addition, as the downward movements might be over-extended, the pair may enter a consolidation phase.On the daily chart, the technical outlook for the AUD/JPY pair […]
Building On The Bull: Stars Align For Above-Average Returns

Building On The Bull: Stars Align For Above-Average Returns

This new bull market had its first birthday late last year, and the development we’ve seen as it turned two has been nothing short of remarkable. The rally has broadened out in its second year, showing strong participation as the major U.S. indices eclipse their former highs. As we’ll see, a confluence of fundamental and […]
DOJ Takes A Bite Out Of Apple As Buffett Sours On The Stock

DOJ Takes A Bite Out Of Apple As Buffett Sours On The Stock

Apple: One of America’s Great CompaniesZacks Rank #3 (Hold) stock Apple (AAPL) stands out as one of the great American companies due to its relentless innovation, iconic design, and unwavering brand loyalty. Apple has consistently set industry standards and reshaped technology landscapes from groundbreaking products like the iPhone to its sleekly designed laptops. Its financial success, with […]
Inflation Bloodbath On The Way

Inflation Bloodbath On The Way

Image Source: DepositPhotosThis time Peter tackles Jerome Powell’s speech from Wednesday, in which he announced that the Fed is holding the federal funds rate between 5.25 and 5.5%. He also briefly discusses Bitcoin’s pullback and the media’s lies about Donald Trump. On Powell’s announcement, several commodities surged in price, with silver, gold, and copper performing especially well. Peter sees […]