Gold Price Outlook: Rising Yields Threaten Bull Flag Breakdown
Gold price action is flirting with a breakdown of its bull flag chart pattern as precious metals continue to face downward pressure due to rising real yields and a stronger…
Nasdaq 100, Dow Jones, S&P 500 Forecasts for the Week Ahead
Rising yields continue to weigh on equity markets but the Dow Jones remains near record levels as the Nasdaq 100 enters correction territory.
FX Week Ahead – Top 5 Events: US Inflation; BOC & ECB Rate Decisions; UK GDP; Canada Jobs
The economic calendar is increasingly busy as we progress deeper into March.
AUD/USD Rate Attempts to Retrace Post-NFP Decline to Defend 2021 Low
AUD/USD appears to be defending the 2021 low (0.7564) as the exchange rate attempts to retrace the decline following the US Non-Farm Payrolls (NFP) report.
Bitcoin (BTC/USD), Ethereum (ETH/USD) Outlook: Will Stimulus Checks Buoy Crypto?
Bitcoin (BTC/USD) and Ethereum (ETH/USD) edged higher last week in attempt to rebound from their recent rout. Will stimulus checks support the cryptocurrency market amid US Dollar strength?
Canadian Dollar Outlook: USD/CAD Bearish Rebuke- BoC Battle Lines
Canadian Dollar is vulnerable heading into the BoC this week with USD/CAD coiling just above critical support. Here are the levels that matter on the technical charts.
Fibonacci for a Multi-Market Trader’s Approach
Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.
Mexican Peso Price Forecast: USD/MXN Breakout to Fibonacci Resistance
It's been a counter-trend type of year so far for USD/MXN. But with a key Fibonacci level coming into play following a falling wedge breakout - might the tides be…
EUR/USD Rate on Cusp of Testing 200-Day SMA Ahead of ECB Rate Decision
EUR/USD is on the cusp of test the 200-Day SMA (1.1813) for the first time since May 2020 as the exchange rate fails to defend the January low (1.1952).
Germany 30 IG Client Sentiment: Our data shows traders are now at their least net-long Germany 30 since Jan 09 when Germany 30 traded near 14,102.20.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bullish contrarian trading bias.