Gold Price Forecast: RSI to Indicate Waning Bearish Momentum
The price of gold extends the rebound from the September low ($1849), and the RSI may show the bearish momentum abating if it breaks out of the downward trend from…
AUD/USD Staging a Comeback as Joe Biden Surges in the Polls
AUD/USD is trading below a key resistance range after successfully bouncing from support at 0.7018 in tandem with growing support for Democratic nominee Joe Biden.
S&P 500 Outlook: Stocks Flop, VIX Pops on Failed Stimulus Talks
S&P 500 price action pivoted lower from intraday highs as market optimism for another fiscal stimulus package faded throughout the session following uninspiring remarks from key politicians.
EU Stoxx 50 Forecast: Bears Ready to Drag Index Lower on Rising Virus Cases?
Recent price action brought the EU Stoxx 50 Index to the bottom half of a range established through the recent summer months, but rising Covid cases across Europe may push…
Gold Price Forecast: XAU/USD Climbs to Resistance, Will it Rally?
After suffering losses throughout September, gold has recovered meaningfully in the last two weeks and nears overhead resistance as a result. Can the precious metal continue higher?
Japanese Yen Forecast: Turning the Corner in EUR/JPY, GBP/JPY, & USD/JPY Rates?
Amid global equities climbing higher, the Japanese Yen has seen demand fade, particularly after a bout of disappointing Japanese economic data.
Copper Crushed as Silver Struggles to Set Support
It's been a rude start to Q4 for Copper; but there may be a silver lining in Silver prices.
Canadian Dollar Outlook: USD/CAD Pullback to Offer Opportunity
A Canadian Dollar counter-offensive into the October open has USD/CAD reversing off resistance- will it last? The levels that matter on the weekly technical chart.
US Dollar Bounces Off Support Amid Key Economic Data Releases
US Dollar turns positive in early Thursday trade following the release of several key data releases on the American economy while GBP/USD price action snaps sharply lower as Brexit uncertainty…
Euro Pound Forecast: EUR/GBP Risk of Hard Brexit Returns as Channel Forms
Hopes of a Brexit deal appear distant, pushing price action into a channel formation