The US Dollar is pressuring ASEAN currencies with USD/SGD, USD/THB, USD/PHP and USD/IDR eyeing key trendlines that have been guiding them lower. Could breakouts mean follow-through?
Crude oil prices surged higher after inventory figures and OPEC+ developments underpinned the fundamental backdrop for commodities. Meanwhile, copper faces a bearish Descending Triangle.
Long-term technical analysis suggests that further gains could be at hand for gold and silver prices, as both XAU/USD and XAG/USD carve out bullish continuation patterns.
Asia-Pacific stocks are poised for a mixed open as a rally in US equities cooled. President Joe Biden’s 1.9 trillion Covid-relief package, labour market conditions and a steepening Treasury yield…
Wall Street held onto recent gains as rising oil prices boosted the energy sector. Meanwhile, the Australian Dollar is eyeing December trade data for its next move.
The US Dollar is flirting with eight-week highs following an infux of strength across USD price action, but can bulls sustain the bid as risk appetite improves and the VIX…
Bitcoin may have rallied briefly after Elon Musk mentioned the cryptocurrency on Twitter, but did the short-lived surge materially alter the longer term forecast? It may have.
EUR/USD may face a further decline as it out the January low (1.2054), while the Relative Strength Index (RSI) still tracks the downward trend carried over from December.
A relatively calm range has developed in Gold prices. But with the bullish trend on hold for six months now, and sellers pushing more aggressively, might a breakdown be on…