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Gold Price Latest: Crucial Level for Bearish Continuation Becomes Clearer

Posted by By 21/02/2023Posted inForex
Gold has witnessed a marked decline since the appearance of the bear flag but recent consolidation poses questions around continued selling
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GBP/USD Rallies as UK PMI Points to a Solid Recovery

Posted by By 21/02/2023Posted inForex
The UK Private sector returned to growth in February following a sharp rebound in the service sector in particular.
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US Dollar (DXY) Grabs a Small Bid Ahead of Important US Data

Posted by By 21/02/2023Posted inForex
The US dollar is back up and running after a long weekend and is edging higher, aided by a firm US Treasury complex. US PMIs out this afternoon will give…
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Natural Gas Price Action Setup: Is the Slide Overdone?

Posted by By 21/02/2023Posted inForex
While there is no sign of a reversal of the downtrend in natural gas, on some measures the slide is beginning to look stretched. What is the outlook?
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Swedish Krona Holds the High Ground as US Return from Holidays. Lower EUR/SEK?

Posted by By 21/02/2023Posted inForex
The Swedish Krona has paused after massive gains from a more hawkish Riksbank tackling swelling inflation. The US will return from a long weekend today, will USD trend resume?
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Japanese Yen Price Action Setups: USD/JPY, EUR/JPY, AUD/JPY, GBP/JPY

Posted by By 21/02/2023Posted inForex
Short-term downward momentum in the Japanese yen remains intact ahead of Friday’s US core PCE price index data. What is the outlook on some of the key JPY crosses?
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Australian Dollar Steadies as Trends Get Tested. Where to for AUD/USD?

Posted by By 21/02/2023Posted inForex
The Australian Dollar eased today after finding support on Monday as the market digests RBA meeting minutes and ahead of the Wages Price Index this week. Is the trend intact…
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Euro Dollar Outlook: EUR/USD Trades Flat as Volatility Remains Light

Posted by By 20/02/2023Posted inForex
EUR/USD has risen to another zone of technical resistance, driving Euro Dollar into another tight range. As volatility remains light, fundamentals could drive the next move.
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Gold Prices (XAU/USD) Nudge Higher But Bigger Tests Lie Ahead

Posted by By 20/02/2023Posted inForex
The precious metal has regained the $1840 level but with the US closed and with heavyweight data and event risk looming this week, volatility is likely in the coming days
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USD/JPY Update: Signs of Exhaustion, Acceptance Above 134.50 Needed for Bullish Rally to Continue.

Posted by By 20/02/2023Posted inForex
USD/JPY has stalled following last week’s 300-pip rally. Retracement is looking more likely before further upside.
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