USD/CAD Rangebound as Hawkish Fed Rhetoric Fails to Convince US Dollar Bulls
USD/CAD remains on course to snap a four-week losing streak. How likely are we to see a retest of the 1.35 breakout level heading into next week?
Gold Price Consolidates, Is a Bullish Flag Being Formed?
Gold remains in a tight range ahead of a holiday-shortened week in the US. Further consolidation may set up a bullish technical formation.
USD Forecast: Fed Speakers Stoking Volatility While DXY Consolidates
The U.S. dollar now looks to fundamental catalysts for short-term directional bias while technical analysis points to a fading bearish move on DXY.
GBP/USD Latest: Sterling Resolute After Fiscal Statement, UK Retail Sales
Cable weathered a volatile session after yesterday’s UK fiscal statement and trades marginally higher after the UK retail figures. Bullish continuation test at 1.2000
Japanese Yen Technical Outlook: In Search of a Direction
Losses in USD/JPY have stalled this week. Is the short-term decline over? What are the scenarios that could play out in the short term and what are the signposts to…
Australian Dollar Filleted by Fedspeak as US Dollar Resumes Ascendency
The Australian Dollar came under pressure today after the US Dollar got a boost from Fed speakers reminding markets of their intentions for rates. Will a strong USD send AUD…
Gold and Crude Oil Prices Sink as US Dollar Rallies, WTI Triangle Breakout in Focus
Gold and crude oil prices fell on Thursday as UK fiscal tightening and US initial jobless claims data soured markets, boosting the US Dollar. What are key levels to watch…
USDJPY May Be Building Up to a Break and Fed Warnings May Decide the Direction
Congestion remains the most prevalent chart pattern, but there are still the foundations of volatility flare ups in the open market. The S&P 500 showed how a fundamental spark on…
S&P 500 Holds Support, Builds Wedge Ahead of OpEx
The S&P 500 continues to operate within prior structure and tomorrow brings monthly options expiration which can spell more volatility.
Bitcoin, Ethereum, Litecoin Technical Outlook: BTC, ETH, LTC Levels
Bitcoin (BTC) has been trading sideways while Ethereum temporarily dips below $1200. As Litecoin gains over 5%, last week’s brutal sell-off has eased.