Natural gas prices face a diminishing fundamental backdrop which could accelerate the recent technical breakdown in prices, with the 200-day SMA in focus.
The US Dollar’s rebound against the British Pound, Australian Dollar and New Zealand Dollar may prove short-lived. Key levels to watch for AUD/USD, GBP/USD, NZD/USD.
Wall Street stocks edged higher as volatility fell, with the Dow Jones and S&P 500 hitting fresh records. Asia Pacific equities look set to follow this positive lead higher.
Liquidity concerns in China outweighed economic data surprises to drive the CSI 300 lower. Meanwhile, traders are focused on USD/JPY as it approaches fresh multi-month highs ahead of BoJ Governor…
NZD/USD may continue to consolidate ahead of the key event risks on tap for later this week as it struggles to push back above the 50-Day SMA (0.7214).
Bitcoin notched a new record high over the weekend as retail investors pumped stimulus checks into the cryptocurrency market, but BTC/USD price action continues forming bearish RSI divergence.
The Canadian Dollar has been a raging bull as Oil prices have continued to bring bulls to the bid with all of USD/CAD, CAD/JPY and EUR/CAD visibly showing that theme.
The British Pound has performed impressively in 2021, rallying to year or multi-year highs against other currencies. The rally now seems to be put on hold, with pairs consolidating around…
Euro is trading just above support at the yearly low with all eyes on this week’s Fed decision. These are the levels that matter on the EUR/USD weekly technical chart.