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Oil Price Forecast: Crude Establishes Double Top Formation in May

Posted by By 19/05/2021Posted inForex
The price of oil appears to have established a double-top formation following the failed attempt to test the March high ($67.98) as it snaps the opening range for May.
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EUR/USD Sinks as FOMC Minutes Show Threat of Fed Tapering

Posted by By 19/05/2021Posted inForex
EUR/USD price action is sliding sharply lower in response to the latest FOMC minutes, which detailed how some officials see taper talks starting at upcoming Fed meetings.
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Gold Price Outlook: Gold Surges as Crypto Crumbles– XAU/USD Breakout Levels

Posted by By 19/05/2021Posted inForex
Gold prices ripped into uptrend resistance as Bitcoin crashes– Gold breakout targets in view. Here are the levels that matter on the XAU/USD & BTC/USD technical charts.
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EUR/USD Bullish Price Series Intact After Clearing February High

Posted by By 19/05/2021Posted inForex
EUR/USD may continue to exhibit a bullish behavior after clearing the February high (1.2243) as it extends the series of higher highs and lows from earlier this week.
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Dow Jones, S&P 500, Nasdaq 100 Technical Analysis

Posted by By 19/05/2021Posted inForex
The U.S. stock market is starting to roll over; just another small dip or the beginning of something larger?
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USD/CAD Outlook – Daily Price Chart Hints at a Reversal, All Eyes on The Fed Minutes

Posted by By 19/05/2021Posted inForex
USD/CAD continues to teeter on the edge with a break below 1.2000 possible. One chart signal however suggests a reversal may be forming.
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Crypto Meltdown Continues – Bitcoin (BTC/USD) Slumps Below $40,000, Ether (ETH/USD) Gives In To Sellers

Posted by By 19/05/2021Posted inForex
Cryptocurrencies accelerate losses as China bans digital currencies as a form of payment
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British Pound (GBP) Latest: GBP/USD Challenges Peak, EUR/GBP Unlikely to Break Out

Posted by By 19/05/2021Posted inForex
GBP backdrop remains encouraging for now. YTD peak in focus.
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US Dollar May Rise if FOMC Minutes Reveal Inflation Debate

Posted by By 19/05/2021Posted inForex
The US Dollar may rise if minutes from April’s FOMC meeting reveal policymakers are debating whether the recent inflationary uptick will be lasting.
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Michael Burry ‘Big Short’ on Tesla Stock Revealed Ahead of Key FOMC Minutes

Posted by By 19/05/2021Posted inForex
‘Big Short’ famed Michael Burry revealed $534 million Tesla puts ahead of the FOMC meeting minutes. Is the stock vulnerable?
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