Australian Dollar Outlook: Sentiment Buoys AUD/USD but Tensions With China Mount
AUD/USD rose to a lingering resistance level, buoyed by Wall Street sentiment. Renewed tensions between Australia and China may weigh on the Aussie-Dollar, however.
Gold Forecast: Has XAU/USD Price Action Officially Bottomed?
Gold bulls have staged an eye-catching rebound to eight-week highs with XAU/USD price action catching a strong bid as real yields edge lower, but has the precious metal officially bottomed?
Silver Price Forecast: XAG/USD Ponders Breakout Alongside Gold Gains
Silver jumped to its highest price in weeks Wednesday as further Treasury yield weakness propped up precious metal prices. With a breakout on the horizon, can silver extend recent gains?
S&P 500, Financials, Bond ETF Flows After Strong Q1 Bank Earnings
The XLF Financial Sector ETF and Treasury ETFs have remained subdued amidst strong bank earnings for Q1 and a pause in the rise in US yields.
British Pound Technical Analysis: GBP/USD, GBP/JPY
It was a big start to the week for the British Pound, but can Sterling bulls continue to push?
Oil Price Forecast: Move Below 50-Day SMA to Keep March Range Intact
The price of oil may continue to track the March range as crude struggles to hold above the 50-Day SMA ($61.54).
USD Q2 2021 Technical Forecast
It was a bizarre beginning to a New Year for the US Dollar, but given 2020 I’m not sure how surprising it should be.
Bitcoin Forecast: BTC/USD Bearish Below 50-Day Moving Average
Bitcoin has struggled to regain altitude since BTC/USD price action plunged -10% this past weekend, and the cryptocurrency might remain under pressure below its 50-day moving average.
EUR/USD Fails to Test March High as ECB Boosts PEPP for Second Week
EUR/USD fails to test the March high (1.2113) ahead of the ECB rate decision as the central bank boosts the pace of the PEPP for the second week.
CHF/JPY Struggles to Break Resistance Around 118.60, What’s Next?
CHF/JPY has continued to meet resistance around 118.60, a key high level in the pair’s multi-year range.