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British Pound Technical Forecast: GBP/USD, GBP/JPY, EUR/GBP

Posted by By 11/07/2021Posted inForex
It was a busy week for GBP/JPY as GBP/USD showed tendencies of mean reversion. Can bulls continue to push for a larger GBP recovery?
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Gold Forecast: Depressed Real Yields and Delta Variant Worries May Boost Bullion Prices

Posted by By 11/07/2021Posted inForex
Gold prices may have some short-term upside potential, supported by depressed real yields in the U.S., concerns about the Covid-19 delta variant and China's slowing economy.
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Canadian Dollar Forecast: USD/CAD, CAD/JPY Due for Volatility

Posted by By 10/07/2021Posted inForex
Canadian Dollar price action looks ripe for volatility this coming week with USD/CAD and CAD/JPY hinging on event risk posed by the BoC rate decision, BoJ update, US inflation data,…
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Weekly Fundamental US Dollar Forecast: Will Hot Inflation Spark US Yields Again?

Posted by By 10/07/2021Posted inForex
The US Dollar (via the DXY Index) has dropped back as the calendar moved into mid-July on the back of declining Fed rate hike expectations and collapsing US Treasury yields.
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Dow Jones Forecast: "Triple Top" Warns of Pullback as Momentum Fades

Posted by By 10/07/2021Posted inForex
The Dow Jones index saw a “Triple Top” pattern emerging on the daily chart, hinting at a deeper pullback. Bearish MACD divergence suggests that near-term upward momentum may be weakening.
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Australian Dollar Fundamental Forecast: AUD/USD Rebounds as Bond Yields Recover

Posted by By 10/07/2021Posted inForex
The Australian Dollar faces a tough short-term outlook, with the risk-sensitive currency facing a questionable economic recovery as the Delta variant continues to rip through the world.
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Crude Oil Progressive Bull Trend Confronts 6-Year Resistance: Break or Hold?

Posted by By 10/07/2021Posted inForex
Oil may have experienced a long-overdue pullback this past week, but the dominant bull trend is still firmly in place. Yet the next leg of the larger recovery from last…
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Bitcoin (BTC), Ethereum (ETH) Waiting For a Shot of Volatility, Elon Musk Backs Dogecoin, Again

Posted by By 10/07/2021Posted inForex
The cryptocurrency market continues to crab sideways as bulls and bears battle for dominance. Both BTC and ETH need a volatility boost to break lethargic market conditions
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Gold Price Forecast: Gold Rally Rolls On – XAU/USD Rebound or Reversal

Posted by By 09/07/2021Posted inForex
Gold rallied for a third consecutive week with XAU/USD up nearly 4% off trend support- just a rebound or a broader reversal? Levels that matter on the technical chart.
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Copper Price Forecast: Technicals Stabilizing, Fundamentals in Question

Posted by By 09/07/2021Posted inForex
Copper prices have almost staged a meaningful recovery in July. Just not quite yet.
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