AUD/USD Rate on Track to Negate Head-and-Shoulders Formation
AUD/USD appears to be on track to negate the head-and-shoulders formation from earlier this year as it approaches the March high (0.7849).
WTI Crude Oil Price Outlook: Breakout Eyes Resistance- Bulls at Risk
Oil prices surged 11% off the March low with a breakout of a multi-week downtrend taking WTI into resistance. Here are the levels that matter on the technical charts.
FX Week Ahead – Top 5 Events: New Zealand, Canada, & UK Inflation Rates; BOC & ECB Rate Decisions
Now in the second half of April, the economic calendar brings forth several data releases and events that historically invite more volatility to FX markets.
USD/CAD Outlook Hinges on Bank of Canada (BoC) Forward Guidance
USD/CAD may continue to give back the rebound from the March low (1.2365) if the Bank of Canada (BoC) adjusts the forward guidance for monetary policy.
Gold Price Forecast: Double Bottom Breakout Faces First Test – Levels for XAU/USD
Gold prices have turned lower after running into the early-February swing low, setting up a potential pullback to a key threshold.
Markets Week Ahead: Dow Jones, Gold, EUR/USD, ECB, USD/CAD, BoC, Treasury Yields
A decline in Treasury yields continued supporting the Dow Jones and Nasdaq Composite as the US Dollar fell. Gold and silver prices are on the rise following notable breakouts. EUR/USD…
US Dollar Technical Analysis: DXY Poised for Yearly Lows at Some Point
The DXY short-term slide is turning into a resumption of the broader downtrend; the January lows could come into play it the weeks ahead.
FTSE 100 Update: FTSE Surpasses 7000, Rising 40% From 2020 Low
The FTSE 100 has been buoyed by loose monetary policy, recent relaxations in local lockdown restrictions and optimism around the global economic recovery.
EUR/USD Breaks Above 1.20 as US Dollar Losses Intensify, DAX 30 Keeps Record Highs
Euro bulls manage to break the 1.20 mark after several attempts, whilst the DAX 30 continues its bullish pace
British Pound (GBP) – Positive Outlook Pushing GBP/USD Higher, Extending Last Week's Gains
Sterling opens the week on the front foot and pushing back above Friday’s high against the US dollar, while EUR/GBP looks set to re-test the 0.8600 area again.