Gold Price Gives Up Some Gains as the US Dollar Steadies. Where to for XAU/USD?
The gold price is in the middle of its recent range near US$ 1,950 going into the new week with a US Dollar at a crossroads while the Fed is…
Australian Dollar Holds Losses After China GDP; How Much More Downside in AUD/USD?
The Australian dollar held the day’s losses against the US dollar after the Chinese economy grew less than expected in the second quarter. How much more downside in AUD/USD?
Asia Day Ahead: Subdued Start to the Week Ahead of Key China Data
Earnings results from major US banks were somewhat mixed to end last week, with the Financial Select Sector SPDR Fund having formed a bearish engulfing candle on its daily chart.
Markets Week Ahead: Gold, EUR/USD, S&P 500 Break Out as USD Tanks; Tesla Earnings Eyed
Gold, the Nasdaq 100, EUR/USD and GBP/USD all soared this week, while the US dollar broke down after US CPI data surprised to the downside. Traders should keep an eye…
Euro Forecast: EUR/USD Breakout Gains Momentum but Fibonacci Resistance on Radar
EUR/USD rallied aggressively this past week, rising to its best level since February 2022. With momentum on its side, the pair’s outlook remains positive, but Fibonacci resistance may cap its…
EUR/USD Catches its Breath at Multi-Month Highs, Where to Next?
EUR/USD has been on a tear this week, on course for its largest weekly gain since November 2022. Can the dollar regain any semblance of strength ahead of the July…
USD/JPY Edges Up After Bruising Week, Japanese Yields Rise
The Japanese Yen has gained fully from general Dollar weakness as markets reassess US rate-rise chances
GBP/USD Price Outlook: Dollar Selloff Drives Cable Rally Ahead of UK CPI
Cable’s impressive rally has been largely driven by the USD selloff. Additionally, the disconnect in US/UK inflation dynamics bodes well for sterling ahead of UK CPI
Equity Rally Loses Some Steam as U.S. Earnings Season Kicks Off in Earnest
Outlook on FTSE 100, DAX 40 and S&P 500 as the Q2 earnings season kicks off with the likes of JPMorgan, Citigroup, Wells Fargo and Blackrock.
Gold (XAU/USD) Consolidates Recent Gains After Stubborn Resistance Falls
Renewed US dollar weakness has given gold the strength to take out a layer of stubborn resistance that has been holding the precious metal back for weeks.