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Australian Dollar Forecast: Aussie Bulls Halted– Range Break Imminent

Posted by By 13/05/2021Posted inForex
Australian Dollar plunged 1.4% this week after reversing off key resistance- range breakout may be imminent. The levels that matter on the AUD/USD technical chart.
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Shiba Inu: ‘Dogecoin Killer’ Slayed after Tesla Bitcoin Ban

Posted by By 13/05/2021Posted inForex
Shiba Inu ‘Dogecoin Killer’ soars after Elon Musk’s SNL performance, but gets slayed after Tesla’s Bitcoin reversal.
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Oil Price Stuck in May Opening Range After Failing to Test March High

Posted by By 13/05/2021Posted inForex
The price of oil appears to be stuck within the opening range for May amid the failed attempt to test the March high ($67.98).
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Pound Technical Outlook: GBP/USD Testing Support, Trend

Posted by By 13/05/2021Posted inForex
GBP/USD broke out above a key level of resistance; it is now an important source of support as cable tries to keep a steady trend higher.
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Bitcoin (BTC) and Ethereum (ETH) Crushed, DogeCoin (DOGE) Slumps 20% as Tesla Halts Bitcoin Payments

Posted by By 13/05/2021Posted inForex
A huge wave of selling in the cryptocurrency market has triggered double-digit losses in a wide range of coins, snapping the recent bull run
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Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since May 05, 2021 08:00 GMT when Germany 30 traded near 15,153.80.

Posted by By 13/05/2021Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bearish contrarian trading bias.
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Canadian Dollar Forecast: USD/CAD, CAD/JPY Risk of Reversal Rising

Posted by By 13/05/2021Posted inForex
USD/CAD eyes on BoC Governor Macklem, CAD/JPY topside looking stretched.
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Is Gold a Good Inflation Hedge? – XAU/USD Rejected at Key Trendline, Focus on US PPI

Posted by By 13/05/2021Posted inForex
Gold pulls back from key trendline as inflation data sees USD pick up momentum
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US Dollar May Rise Further as PPI Data Stokes Inflation Fears

Posted by By 13/05/2021Posted inForex
The US Dollar may continue to push higher if PPI data tops forecasts, stoking worries about runaway price growth that forces sooner Fed stimulus withdrawal.
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Crude Oil Prices at Risk if US PPI Data Echoes the Consumer Inflation Beat

Posted by By 13/05/2021Posted inForex
Crude oil prices are at risk after a surprisingly strong US CPI report. A similar outcome from PPI data ahead may further pressure WTI lower as the Colonial Pipeline restarts.
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