Oil Price Rally Vulnerable Amid Failure to Test March High
The rally in the price of oil appears to be stalling ahead of the March high ($67.98) as it fails to extend the series of higher highs and lows from the start of the week.
Breaking: Bank of England Tapers QE, GBP/USD Jumps
BoE announces that it will slow QE purchases, while also upgrading their economic outlook.
USDTRY Drops as Turkey Keeps Rates Unchanged, Easing Cycle Expected to Begin Soon
Risks surrounding Turkish Lira persist despite lack of rate cut from Turkey’s Central Bank
Gold Price Latest - XAU/USD Trapped by Resistance, Will US NFPS Stoke a Move in US Treasury Yields?
Gold continues to bump into resistance around $1,800/oz. and traders will now wait to see if the latest US jobs report sets up a clean break or a retracement lower.
Bank of England Preview: Will the BoE Taper QE?
BoE watchers eyeing a possible QE taper amid the improving UK economic backdrop and QE capacity restraints.
Ethereum (ETHUSD) Outperforms as Bitcoin (BTCUSD) Shows Signs of Exhaustion
Altcoins build on positive momentum as Bitcoin struggles in its approach to 60,000
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Canadian Dollar (CAD) Price Outlook: USD/CAD Poised For Further Leg Lower
USD/CAD looks ready to resume its previous decline after relative stability in the pair over the past seven days, with CAD benefiting from the persistent strength of crude oil prices.
British Pound Aims Higher with BOE Stimulus Unwind in Focus
The British Pound is on the upswing and may gain more ground against the Euro as all eyes turn to the Bank of England for clues about its plans to unwind Covid-era stimulus.
Crude Oil Prices May Turn Lower From Key Chart Barrier
Crude oil prices were unable to capitalize on an outsized draw from US inventories amid signs of softer end demand. Technical positioning warns that a major top may be forming.