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Gold Price Drops as Treasury Yields Rise, Will XAU/USD Fall Further?

Posted by By 18/02/2021Posted inForex
Gold reversed lower this week after encountering technical resistance and rising Treasury yields. With the reflation trade in full swing, will gold fall further?
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GameStop Frenzy Leaves Wall Street, Heads to Capitol Hill

Posted by By 18/02/2021Posted inForex
The attention of Wall Street turned to Capitol Hill as various parties involved in the infamous GameStop short-squeeze testified for the House Financial Services Committee.
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Nasdaq 100 & Dow Jones Seek Support Amid Declines – Stock Forecast

Posted by By 18/02/2021Posted inForex
The Nasdaq 100 and Dow Jones have suffered modest declines this week which has sent the two indices seeking technical support. Can support provide a springboard for a reversal higher?
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USD/CAD Rate Rebound Unravels Following Test of 50-Day SMA

Posted by By 18/02/2021Posted inForex
USD/CAD pares the rebound from the monthly low (1.2610) as the exchange rate struggles to climb back above the 50-Day SMA (1.2744).
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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Posted by By 18/02/2021Posted inForex
Rising growth and inflation expectations have started to spook growth-related assets, including aspects of the FX world.
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Bitcoin, Ethereum Price Forecast: BTC, ETH Still Showing Strength

Posted by By 18/02/2021Posted inForex
Bitcoin and Ethereum have continued to show strength, even as Gold has pushed down to fresh lows.
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Sterling Outlook: GBP/USD Breakout Extends to First Resistance Hurdle

Posted by By 18/02/2021Posted inForex
The Sterling breakout is attempting a sixth weekly rally with Pound now probing confluence resistance. Here are the levels that matter on the GBP/USD technical charts.
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AUD/USD Eyes Monthly High as RSI Approaches Trendline Resistance

Posted by By 18/02/2021Posted inForex
The RSI may indicate a further appreciation in AUD/USD as the oscillator appears to be on track to take out the bearish trends from earlier this year.
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Silver Price Forecast: Rising US Yields a Problem? – Levels for XAG/USD

Posted by By 18/02/2021Posted inForex
Both US nominal and real yields are on the rise, proving to be a veritable headwind to silver’s otherwise bullish machinations.
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S&P 500 Challenged by US Rates, GBP Bulls Charge, Eyes on AUD/NZD – US Market Open

Posted by By 18/02/2021Posted inForex
Risk sentiment continues to feel the weight of the recent spike higher in global bond yields.
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