Blog

Gold prices are holding a multi-week range just below key resistance heading into NFPs- We’re on breakout watch. Here are the levels that matter on the technical charts.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.

The US Dollar is holding at a big zone of resistance, but buyers haven't been able to breakout yet even on the heels of Yellen's overheating comment.

The recent depreciation in USD/CAD appears to have stalled ahead of the January 2018 low (1.2247) as it defends the April low (1.2266).

The US Dollar could struggle to overcome technical resistance following softer-than-expected economic data with both ISM Services PMI and ADP payrolls missing market forecast.

The U.S. stock market dipped yesterday, but found support to reverse back to the upside; the market is still maintaining a generally bullish posture.

BoE watchers eyeing a possible QE taper amid the improving UK economic backdrop and QE capacity restraints.

EUR/GBP continues to slip lower and is nearing a multi-week support level ahead of an important BoE policy meeting where tapering of the UK bond-buying program may be mooted

Gold pulls back from key resistance, settling back to its recent range as momentum builds

GBP/USD will likely continue to trade within the broad 1.38 to 1.40 range in place since mid-April unless the Bank of England moves aggressively on monetary policy Thursday.