Bitcoin Rallies into Resistance while Ethereum Hits All-Time High
Bitcoin and Ethereum continue to climb, testing key levels
Oil Price Overbought RSI Signal Persists as US Inventories Contract
The overbought signal in the Relative Strength Index (RSI) may continue to coincide with higher oil prices like the behavior seen earlier this year.
Nasdaq 100, S&P 500 Charts: NDX Staying on Course While SPX Detours
The U.S. stock market continues to be strong, with the NDX staying technically sound while the S&P goes off course a bit.
Bank of England says Negative Rates Are Not Coming, GBP/USD Jumps
BoE policy left unchanged, while signalling that they do not intend to take rates negatives in foreseeable future.
Canadian Dollar Forecast: Have Vaccines Grounded the Loonie? Levels for CAD/JPY, USD/CAD
CAD/JPY has yet to breakout, while USD/CAD has floated higher over the past week.
Currency Volatility – US Dollar Gains, EUR/USD Cracks, USD/JPY Breakout
Currency volatility remains subdued, USD grinds higher, Euro breaks 1.20 and USD/JPY eyes 200DMA
USD Index Technical Framework to Watch, Big Resistance Ahead
The DXY is rolling higher out of an inverse head-and-shoulders pattern, has framework to watch as resistance looms.
Gold and Silver Slammed Lower as the US Dollar Flexes its Muscles
Gold and silver are both firmly in the red today, and look set to fall further, as the US dollar continues to move higher on rising US Treasury yields.
GBP/USD Breaking Lower, Lift Likely if Bank of England Rules Out NIRP
GBP/USD has broken downwards from a rising channel on the charts, suggesting further losses. However, a rally is possible if BoE Governor Bailey rules out negative interest rates in the…
British Pound Outlook: EUR/GBP Testing Support with BoE Meeting on Tap
The upcoming Bank of England’s monetary policy meeting will likely determine the British Pound’s medium-term trajectory, with policymakers expected to address the possibility of negative rates.