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Gold & Silver Price Action Analysis: Levels and Lines to Watch

Posted by By 02/06/2021Posted inForex
Gold has solid levels to watch on two different time-frames; silver is caught between strong support and resistance.
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Canadian Dollar Outlook: USD/CAD Rejects Support, CAD/JPY Path Higher

Posted by By 02/06/2021Posted inForex
All eyes on the employment report to establish trends. USD/CAD fails to break 1.20 while oil prices soar.
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USD/ZAR Outlook: Record Unemployment Not Enough to Sway Rand

Posted by By 02/06/2021Posted inForex
The Rand has taken fundamental knocks this week but USD/ZAR price action tells a different story. How long will this Rand remain resolute?
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Euro Outlook: EUR/USD, EUR/JPY Building on Bullish Support

Posted by By 02/06/2021Posted inForex
Euro traders hold strong as focus is shifted to US NFP figures out on Friday
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Dogecoin (DOGE) Surges on Coinbase Pro Listing News, Elon Musk Tweets Approval

Posted by By 02/06/2021Posted inForex
Dogecoin is up 25% in the last 24-hours after one of the world’s largest cryptocurrency exchanges, Coinbase, added the meme-inspired coin to its professional trading platform
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British Pound (GBP) Price Outlook: GBP/USD Stable, With Near-Term Bias Lower

Posted by By 02/06/2021Posted inForex
GBP/USD continues to lack direction near-term, with the UK’s successful coronavirus vaccination program offset by fears that an ending of the lockdown may be delayed.
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Crude Oil Prices Hit 2-Year Highs on Upbeat Demand Outlook, Falling Stockpiles

Posted by By 02/06/2021Posted inForex
Crude oil prices extended higher after OPEC+ forecasted tighter market conditions and gave a green light to July output hikes. Markets expect US inventories to fall by more than 2…
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Japanese Yen Outlook: USD/JPY, AUD/JPY Uptrends in Focus as Net-Short Bets Cool

Posted by By 02/06/2021Posted inForex
The Japanese Yen remains under pressure as retail traders seem to be maintaining a net-short bias in USD/JPY and AUD/JPY. But, recent signals seem to hint that their trends may…
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Gold Sputters at 1,900 as Fed Taper Talks Gain Steam, Silver Follows

Posted by By 02/06/2021Posted inForex
Gold, silver and copper look ahead to the US NFP report. Meanwhile, gold is attempting to hold the psychologically imposing 1,900 level.
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AUD/USD Analysis: Australian Dollar Points Higher Following Strong Q1 GDP Data

Posted by By 02/06/2021Posted inForex
AUD/USD looks higher following the release of Q1 GDP Data, highlighting the continued strength of the Australian recovery.
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