Oil Price Forecast: Crude Eyes 2019 High Following OPEC JMMC Meeting
The price of oil approaches the 2019 high ($66.60), with recent developments in the RSI indicating that the bullish momentum could gather pace as it pushes back above 70.
US Dollar Rocketing Higher with Yields on Solid NFP Report
The US Dollar is extending gains into Friday morning trade with the broader DXY Index leaping nearly 0.6% to session highs sparked by a solid NFP report and latest upswing…
EUR/CHF IG Client Sentiment: Our data shows traders are now at their least net-long EUR/CHF since Nov 20 when EUR/CHF traded near 1.08.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias.
USD/CAD Technical Analysis: May Be Near Confirming a Bullish Bias
The USD is trying to swing higher across the board, versus CAD it could gain some traction here soon with a confirmed break of an important threshold.
South African Rand Outlook: ZAR Battered as Rising Bond Yields Persist
External global factors are stacking up against the Rand, while local fundamentals will take center stage this month. Possible trend reversal underway?
BTC/USD Forecast: Bitcoin Falls Victim to Wider Sell-Off in Financial Markets
Bitcoin has struggled to get a grip since the retracement from last week’s ATH
NFP and Forex: What is NFP and How to Trade It?
Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.
Australian Dollar Forecast: Key Levels to Watch on AUD/USD Breakdown
Deterioration in risk sentiment prompts AUD/USD breakdown.
US Dollar Price Forecast: Unfazed Fed, Real Yields to Undermine EUR/USD
The US Dollar may continue to claw back lost ground against the Euro, on the back of rising real yields and a Federal Reserve that is relatively unfazed by the…
Gold Prices at Risk as Crude Oil Benefits from Surprise OPEC+ Output Hold
Gold prices may be at risk heading into US non-farm payrolls as longer-term Treasury yields climb. Will crude oil continue benefiting from OPEC’sshock decision to not raise production?