Lack of momentum to push back above the 50-Day SMA ($60.69) may generate range bound prices in oil even as OPEC upgrades the outlook for global demand.
Gold surged more than 4% off the March low with XAU/USD now eyeing technical resistance at the range highs. These are the levels that matter on the Gold weekly chart.
Fresh data prints coming out of Australia may sway the near-term outlook for AUD/USD as employment is expected to increase for the sixth consecutive month.
The key question for EUR/USD traders looking at the second quarter of 2021 is whether the steep decline in the pair in the first quarter will reverse in Q2, and…
Traders are currently unsure whether to buy or sell the markets as most trade within narrow ranges, but IG client sentiment data are pointing to a fall in Sterling against…