Crude Oil Price Climbs to Test 50-DMA in Wake of OPEC+ Update
Crude oil price action advances for the third day straight, extending weekly gains to nearly 10% amid an expected OPEC+ update, but the commodity faces resistance posed by a key…
Gold Price Forecast: What Will Spark a XAU/USD Break Out Rally?
The outlook for gold prices remains constructive as central banks double-down on low interest rates. Gold may benefit as a result but technical patterns have kept the precious metal contained.
Euro Technical Outlook: EUR/USD Vulnerable at Yearly Trend Resistance
A multi-month rally faltered at uptrend resistance this month and leaves the broader advance vulnerable. Here are the levels that matter on the EUR/USD weekly chart.
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Silver Price Forecast: Silver Sideways as Price Action Seeks Direction
Silver Sideways as Price Action Struggles to Find Direction following FOMC Meeting Minutes.
Bank of England Exploring Negative Rates, GBP/USD Whacked
Bank of England fuels expectations of negative rates as they explore plans with PRA.
Bank of England Rate Decision Preview – What Matters
The Bank of England is expected to maintain its current monetary policy with the bank rate at 0.1% and APF at GBP 745bln.
USD/JPY Price Eyes Multi-Month Low, Bearish Client Sentiment Grows
The latest monetary policy decisions from the Bank of Japan and the Federal Reserve have failed to stem this week’s sharp sell-off in USD/JPY and a fresh multi-month low nears.
British Pound (GBP) Latest: Bank of England to Set Path for GBP/USD, EUR/GBP
GBP will take its cue from Thursday’s monetary policy announcement by the Bank of England, which will keep UK interest rates unchanged but could hint at more stimulus.
S&P 500 Index Faces Larger Pullback as FOMC Retains Fed Fund Forecast
The S&P 500 index faces a larger pullback as the FOMC retains its assessment of the “longer-run” neutral Fed Funds rate.