Alistair Schultz
ACY Securities
Join ACY Securities Chief Market Analyst, Alistair Schultz, as he shares his insights on global markets. In today's video, he'll be looking at what's happening with the NASDAQ, Treasury Yields being at their highest in a full year. US Unemployment 861,000 Claims – 36k increase, a 4 week high.
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Latest Forex Analysis
Editors’ Picks
EUR/USD: ECB and US Treasury yields to make it or break it
The EUR/USD pair fell to a fresh 2021 low at 1.1892 this week, ending with a handful of pips above this level. The dollar soared across the board following comments from the head of US Federal Reserve Jerome Powell.
GBP/USD: Dollar bulls taking over
The British Pound was among the best performers against the greenback, surging above the 1.4000 level for the first time this week. Soaring US Treasury yields after Powell’s speech sent the dollar skyrocketing. GBP/USD struggling around 1.3900 and at risk of falling further.
Gold still eyes June 2020 lows at $1670 after weekly closing below $1700
Weekly closing below $1700 keeps the XAU/USD sellers hopeful. A bounce towards 50-SMA on 4H cannot be ruled out in the near-term. RSI stays bearish while gold holds within a potential falling wedge.
Ethereum price primed for a swift recovery as the network prepares for a major update in July
Ethereum price aims for a significant recovery towards $2,000. A major upgrade scheduled for July intends to fix the problem with gas fees on Ethereum. ETH miners are not happy with the decision.
US Dollar Index pushes higher to 92.20 on stellar Payrolls
The march north in the greenback remains unabated and trade in fresh 2021 highs beyond the 92.00 hurdle when tracked by the US Dollar Index (DXY).