Bitcoin (BTC/USD) Running Into Resistance, Ethereum (ETH/USD) Outperforms
Bitcoin has been edging higher over the last few days and is on course to re-test an important level of resistance.
Gold, Silver Technical Forecast: Gold’s Rapid Rise Meets Resistance, Silver Cools
Gold and silver enjoyed months of price appreciation as the USD selloff took shape. Silver appears to be cooling faster although, XAU/USD faces stern resistance at 1875
British Pound Update: GBP/USD Rallies on US Dollar Weakness
Cable is continuing to push higher this morning with the move driven by ongoing weakness in the US dollar after Friday’s woeful US ISM data.
Gold IG Client Sentiment: Our data shows traders are now at their least net-long Gold since Feb 18 when Gold traded near 1,896.09.
Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Gold price trend may soon reverse higher despite the fact…
EUR/USD Forecast: Softening U.S. Inflation Potential Pillars Euro
The EUR/USD has benefited from the recent dollar sell-off ahead of the highly anticipated U.S. CPI print later this week.
Australian Dollar Leaps Despite Weak Data as the US Dollar Slides. Higher AUD/USD?
The Australian Dollar motored higher with the US Dollar giving up ground on the back of conjecture that the Federal Reserve might have wriggle room on looming hikes. Where to…
Crude Oil Price Steadies the Ship Despite the Fed Staying on Course. Where to for WTI?
Crude oil has made some ground today after a wild ride last week that saw large declines with the Federal Reserve set to make the hard decisions to slow the…
US Dollar Losses Some Ground, Now What? USD/SGD, USD/THB, USD/IDR, USD/PHP
The US Dollar lost ground against ASEAN currencies last week, but the Singapore Dollar was unable to clear support. With the Thai Baht breaking lower, the Indonesian Rupiah is eyeing…
Markets Week Ahead: Dow Jones, S&P 500, US Dollar, Gold, British Pound, US CPI
The Dow Jones and S&P 500 gained as softer US economic data cooled the US Dollar, pushing gold prices higher. Ahead, all eyes turn to US CPI and UK GDP…
Gold Fundamental Price Outlook: XAU/USD Primed for the Next Leg Higher
The precious metal continues to be in the thrall of US rate expectations and with yields starting to reverse lower from their recent elevated levels, gold may soon attempt to…