Dollar

After falling to 2.3% last month, base effects are likely to increase the year-over-year CPI inflation readings in each of the next two months.

Crude Oil, Nasdaq Outlook: Crude oil holds a bullish breakout above the $63 mark, while the Nasdaq remains capped below the key 21,800 resistance ahead of Friday’s Non-Farm Payrolls (NFPs) and amid intensifying tariff negotiations. What are the key levels to watch?

The US dollar has had a decent day so far today, especially against the Japanese yen. But it was higher event against the commodity dollars despite a sharp improvement in risk appetite.

EUR/USD, Nasdaq Outlook: The U.S. dollar's weakness is supporting EUR/USD above a 16-year descending channel, while anticipation around NVIDIA's earnings keeps the Nasdaq above 21,000.

USD/CAD and Silver Outlook: Initial optimism from trade talks has faded as renewed focus on Trump-era policies—especially the new tax bill and rising U.S. debt—pressures sentiment and the dollar. Major currencies are approaching 2025 highs, while haven assets resume their bullish path.

If Japan’s bond implosion leads to a liquidation of US assets, then global investors may be in for a rude awakening. Against this backdrop, the US dollar forecast is bearish, with the USD/JPY in particular at risk of a bigger decline, possibly sub-140.00.

EURUSD, Gold Outlook: Soft U.S. economic data appears to be weighing more heavily on the U.S. Dollar than on equity markets, allowing EURUSD and Gold to continue along their bullish trajectories. What are the key levels to watch?

USD/CAD, Bitcoin Outlook: With U.S. economic indicators still falling short of signaling a deeply concerning outlook, the U.S. Dollar Index (DXY) is holding firm in a bullish rebound. At the same time, haven demand appears to be shifting toward Bitcoin, which is gaining traction amid broader market uncertainty.

Traders were too busy reversing the “Sell America” narrative to pay attention to weak US data today. Buoyed by renewed optimism around potential trade deals between the US and major partners, the dollar has made a small recovery in recent days. While it is too soon to declare and end to the existing bearish dollar forecast, could this be the early stages of a broader dollar rebound?

USD/CAD, DXY Outlook: The U.S. Dollar Index (DXY) is maintaining a bullish setup, while markets remain in a holding pattern amid developing geopolitical tensions, tariff negotiations, and upcoming key economic reports.

With Trump signaling no plans to fire Fed Chair Powell and showing openness to easing Chinese tariffs if a trade deal is reached, risk-on sentiment slightly returned to the markets. This sparked a more than 3% jump in US indices and a 200-point drop in both Gold and EURUSD. The key question: Are we recharging or reversing?