XAU/USD Forecast: Gold Elevated as Markets Continue to Dismiss Fed Guidance
Gold prices could be in for a pullback should markets underestimate the Fed after what has been a positive year thus far for XAU/USD.
GBP/USD Forecast: Dismal December Retail Sales Leads Cable Lower
Cable has enjoyed a decent run to the upside, fueled by dollar weakness. December strikes take a toll on retail sales data, leading GBP/USD lower in early London trading
Japanese Yen Dips as JGBs Retreat from Bank of Japan Cap. Where to for USD/JPY?
The Japanese Yen appears to be in a holding pattern after bond yields recoil from testing the Bank of Japan’s resolve as markets contemplate the Fed’s rate path. Will USD/JPY…
Natural Gas Prices Aim for Fifth Week of Losses, Doji in Focus Before Support
Natural gas prices are aiming for a fifth consecutive week of losses, following the downward trajectory of a bearish Head & Shoulders chart formation. A Doji has emerged before support.
GBP/USD Technical Outlook: Medium-Term Trajectory Turning Up?
GBP/USD could be getting ripe for another leg higher which could possibly open the door for a multi-month ascent. What are the signposts to watch?
Australian Dollar, Dow Jones at Risk as Fed Officials Stress Tight Policy Ahead
The Australian Dollar fell as hawkish Fedspeak from Lael Brainard and John Williams dented the Dow Jones. AUD/USD remains at risk over the remaining 24 hours.
Netflix Earnings Mixed, Don’t Offer Nasdaq 100 and Tech a Clear Path to Recovery
Netflix was the first of the FAANG members and non-blue chip tech companies to report its earnings afterhours Thursday. The streaming media company reported a significant miss on earnings per…
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY
The USD bounced from a fresh seven-month low yesterday and EUR/USD is grinding a range atop key resistance. GBP/USD is testing above a key Fibonacci level.
Gold Price Outlook: XAU/USD Bounces Back, Rising Above $1,900
Gold prices have rebounded above $1,900 after a slight pullback drove XAU/USD below the key psychological level providing support and resistance for the precious metal.
US Equities Sell-off: SPX, Nasdaq and Dow Hint at a Lower Open
The Dow led the drop in US stocks after dismal retail sales data and a stern reminder from the Fed’s Bullard that recent price declines won’t distract the committee