Chinese Yuan Technical Analysis: EUR/CNH, USD/CNH Rates Outlook
USD/CNH rates have experienced a more significant technical breakdown than their EUR/CNH counterpart.
AUD/USD Eyes Trade Data as Post-Australia GDP Move Fails at Technical Resistance
Asia Pacific markets may trade in calm waters as investors await the highly anticipated US NFP report. Meanwhile, AUD/USD may see a directional shift after trade data for May crosses…
Gold Forecast Bright on Weak USD; Silver Eyes Multi-Year High
Gold price action advanced for its fourth-week straight as silver soared to multi-year highs thanks to a stubbornly weak US Dollar. Will gold and silver prices rise further or will…
Bitcoin Price Awaits Catalyst as Speculative Mania Heads Elsewhere
Bitcoin trades between two major technical levels as price action slows and the speculative fervor that drove prior volatility shifts to other assets. As a result, Bitcoin may require a…
AUD/USD Susceptible to Defined Range Amid Failure to Test May Low
AUD/USD may continue to trade within a defined range amid the string of failed attempts to test the May low (0.7675).
Canadian Dollar Outlook: USD/CAD at Support- Loonie Breakout Imminent
The Canadian Dollar rally has stalled with USD/CAD in consolidation just above critical technical support. Here are the levels that matter on the Loonie charts.
Crude Oil Price Forecast: Bullish Triangle & Multi-Decade Trendline Breakout in Progress
Crude oil prices have broken the downtrend dating back to the all-time high, buoyed by growth optimism and inflation concerns.
Trading the Digital Yuan: The first central bank-backed digital currency
The digital yuan (aka eCNY) is already being tested in mainland China, and the upcoming release of this new blockchain-enabled central bank digital currency (CBDC) is poised to further disrupt…
Monthly Forex Seasonality – June 2021: Best Month of Year for AUD, CAD, & NZD
If “sell in May and go away” was nonsense, it’s because risk appetite has remained strong through the end of June.
USD/JPY Approaches May High as Fed Official Expects ‘Further Progress’
USD/JPY approaches the May high (110.20) as Fed Governor Lael Brainard anticipates to “see further progress in coming months.”