EUR/GBP Finds Support Within Descending Channel, Eyeing 0.8450
Sellers take a breather as EUR/GBP finds support at 0.8470, but momentum is building lower
Gold Flash Crash: What Happened and Where Next For Gold?
What just happened to Gold and where next for the (not so) precious metal?
Gold Prices May Break 2021 Floor as Fed Policy Speculation Heats Up
Gold prices may be on course to break the year-to-date floor just below the $1700/oz figure as traders appear to pull forward the timeline for Fed stimulus withdrawal.
Dow Jones Rose on NFPs. ASX 200 May Climb as Hang Seng Index Falls to Start Week
The Dow Jones outperformed the Nasdaq Composite after solid US NFPs on Friday, opening the door for the ASX 200 to rise as the Hang Seng Index weakens at the start of the week.
AUD/USD Threatens Key Technical Level as Chinese Inflation Data Nears
AUD/USD is threatening a breakdown as prices test support at the floor of a Rising Wedge chart pattern. Chinese inflation data due out today may be a catalyst.
Markets Week Ahead: Dow, Gold, Oil, US Dollar, Yen, Inflation, Covid
Markets were relatively quiet despite some bouts of volatility last week. The Dow hit a fresh record high and the US Dollar strengthened while gold and oil plunged. Inflation and covid risk eyed.
Nasdaq 100 Index Forecast: Eyeing 15,300 With Upward Trajectory Still Intact
The Nasdaq 100 index may be challenging a key resistance level at 15,300 this week amid an upward trend. The MACD indicator edged lower however, suggesting that momentum may be weakening.
Mexican Peso Weekly Forecast: USD/MXN on the Lookout for Banxico Meeting and Fed Commentary Post NFP
USD/MXN finds strong resistance at 20.00 as sellers attempt to gather momentum
Euro Forecast: EUR/USD Likely to Hold its Ground in Week Ahead
The Euro is currently being pulled one way by a growing Eurozone economy and the other by a dovish ECB. The result is likely to be opportunities to trade the range in EUR/USD.
Gold Fundamental Forecast: XAU/USD Eyes CPI After NFP Plunge
Gold prices plunged lower after a hotter-than-expected NFP report bolstered the US Dollar and Fed rate hike bets. The yellow metal turns its focus to CPI figures.