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Gold Prices See Pressures Building at $1,900, ETF Outflows an Ominous Sign

Posted by By 08/06/2021Posted inForex
Gold prices fell below the $1,900 mark as the US Dollar strengthened as traders awaited US inflation figures this week. The world’s largest gold ETF saw net outflows for the…
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EUR/USD Technical Analysis: Euro Top Struggling to Find Follow-Through?

Posted by By 08/06/2021Posted inForex
EUR/USD has been looking toppy since late May as bearish technical signals played out. But, rising Euro short bets from retail traders hint that the currency may hold its footing.
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Euro Stoxx 50 Analysis: Bullish Momentum Continues Ahead of ECB Meeting, US CPI Print

Posted by By 08/06/2021Posted inForex
European equities edged higher to start the trading week as global investors cast their eyes to Thursday’s ECB policy meeting and US CPI print.
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Nasdaq 100 Rally May Lead Nikkei 225, ASX 200 Higher, Bitcoin Falls

Posted by By 08/06/2021Posted inForex
The Nasdaq 100 climbed as the FDA approval of a drug targeting Alzheimer’s disease bolstered the biotechnology sector. Asia-Pacific markets look set to open mixed. Bitcoin plunged below $34k mark.
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Bitcoin Falls to Critical Support as Wall Street Stutters on G-7 Global Minimum Tax

Posted by By 07/06/2021Posted inForex
Bitcoin weakened further as US markets reacted with a modestly bearish tone following an agreement in the G-7 over a global minimum 15% tax rate.
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Crude Oil Price Forecast: Traders Set Sights Above $70 With Uptrend Intact

Posted by By 07/06/2021Posted inForex
Crude oil trades at its highest level since late 2018 and could look to continue higher with sparse resistance overhead and a plethora of support beneath. A break above $70…
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FX Week Ahead – Top 5 Events: Chinese, Mexican, US Inflation Rates; BOC & ECB Rate Decisions

Posted by By 07/06/2021Posted inForex
The second week of June sees a global focus on inflation concerns, both in data and in rhetoric.
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FinTwit, Women and Trading: An Interview with @DeadCaitBounce

Posted by By 07/06/2021Posted inForex
Finance and trading are two areas where men considerably outnumber women. Progress is being made and DailyFX is highlighting that progress with a new series on women leaders changing finance.
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Ethereum (ETH/USD) Tests Triangle, Bitcoin (BTC/USD) Backs Down

Posted by By 07/06/2021Posted inForex
It was a relatively quiet weekend in the crypto space, but the divergence between Ethereum and Bitcoin appears notable.
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Gold Price Forecast: Aiming Higher after Retesting Bull Flag Breakout – Levels for XAU/USD

Posted by By 07/06/2021Posted inForex
Gold prices have rebounded after returning to former resistance, a technical sign that momentum remains structurally bullish.
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