VIX Index Flops as Rotation Trade Sends Stocks & Yields Surging

S&P 500 VIX INDEX ‘FEAR-GAUGE’ DROPPING & TREASURY YIELDS SPIKING AS INVESTORS SHUN BONDS FOR STOCKS S&P 500 price is within striking distance of hitting all-time highs as stocks continue to rally US Treasuries selling off as the rotation trade steers investors out of bonds and into equities VIX ‘fear-gauge’ under pressure but that . . . → Read More: VIX Index Flops as Rotation Trade Sends Stocks & Yields Surging

New Zealand Dollar Forecast: NZD/USD, NZD/CAD Slip to Major Support

New Zealand Dollar Price Outlook: New Zealand Dollar Forecast: NZD/USD, NZD/CAD Slip to Major Support

The New Zealand Dollar has succumb to selling pressure this week as a dovish RBNZ looks to erode the Kiwi’s standing. As a result, NZD/USD has returned to a major trendline originating from early 2018. In the past, . . . → Read More: New Zealand Dollar Forecast: NZD/USD, NZD/CAD Slip to Major Support

Silver Price Forecast: Silver Slices Support, Bulls Aim for Recovery

Silver Price Forecast, Silver Talking Points: While much of the financial world’s attention has been on Gold, Silver had a much stronger run in the month of July. That silver trend ran into a key area of longer-term resistance, and has since snapped back with a very large sell-off showing yesterday. Gold’s Run was . . . → Read More: Silver Price Forecast: Silver Slices Support, Bulls Aim for Recovery

FTSE 100 Latest: Moving Higher Towards Trading Range Resistance

FTSE 100 Price, Chart and Analysis: A positive month for the FTSE as bulls take control. IG client sentiment hints at further upside.

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The UK big board continues to stair-step higher . . . → Read More: FTSE 100 Latest: Moving Higher Towards Trading Range Resistance

EUR/GBP Looks for Directional Cues after Record Drop in UK GDP Data

EUR/GBPTalking Points: The Office for National Statistics reported a record 20.4% decline in quarterly GDP EUR/GBP fixated on the 0.9000 level after muted response to GDP data IG Client Sentiment hints at further upside as the majority of EUR/GBP traders remain short UK GDP Prints Largest Quarterly Decline on Record

The Office for . . . → Read More: EUR/GBP Looks for Directional Cues after Record Drop in UK GDP Data

Australian Dollar Price Forecast: AUD/USD Threatens Reversal

Australian Dollar, Aussie, AUD/USD Price Forecast: AUD/USD has enjoyed a very strong bullish run since the March lows. Aussie price action began to relax in the latter-portion of July as a big zone of longer-term resistance began to come into play. At this point, a rising wedge formation has formed and this will often . . . → Read More: Australian Dollar Price Forecast: AUD/USD Threatens Reversal

Euro Price Outlook: EUR/USD Builds Range – Chart Levels Eyed

EUR/USD PRICE OUTLOOK: EURO TO US DOLLAR BUILDS TRADING RANGE – LEVELS TO WATCH EUR/USD price action has drifted lower and now gravitates below its 8-day moving average Euro strength wanes as the bloc currency gives back recent gains against its US Dollar peer EUR/USD could develop a trading range roughly between the 1.1700-1.1900 . . . → Read More: Euro Price Outlook: EUR/USD Builds Range – Chart Levels Eyed

Central Bank Watch: BOC, RBA, & RBNZ Rate Expectations; AUD, CAD, & NZD Positioning

Central Bank Watch Overview: The trio of central banks associated with the Australian, Canadian, and New Zealand Dollars remain in a holding pattern, even as global growth conditions improve, particularly in Asia and Europe. Although there are some signs that re-openings are leading to rising COVID-19 caseloads again, it’s too early to say that . . . → Read More: Central Bank Watch: BOC, RBA, & RBNZ Rate Expectations; AUD, CAD, & NZD Positioning

GBP/USD, AUD/JPY & More: Charts and Technical Outlook

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Technical Outlook: GBP/USD consolidating at confluent resistance AUD/JPY building ascending wedge at important spot

GBP/USD continues to move sideways after having tagged an area of strong resistance in recent trade. There is confluence between trend-lines running down off the 2014 and 2018 peaks and a pair of swing highs . . . → Read More: GBP/USD, AUD/JPY & More: Charts and Technical Outlook

Gold Losing Shine on Rising US Rates, NZD/USD Volatility Soars – US Market Open

Gold, NZD Analysis & News Not So Summer Lull in NZD Volatility Markets Gold Losing its Shine with Correction Lower Oil Prices on the Rise.

Currencies: US Dollar selling has been the main theme throughout the European session with the greenback dropping 0.3%. As such, the Pound has reclaimed the 1.3100, while the . . . → Read More: Gold Losing Shine on Rising US Rates, NZD/USD Volatility Soars – US Market Open