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Canadian Dollar Forecast: Range, Symmetrical Triangle Take Shape – Setups in CAD/JPY, USD/CAD

Posted by By 07/02/2022Posted inForex
The Canadian Dollar has weathered a bout of bad economic data, continuing to be buoyed by oil prices.
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FX Week Ahead – Top 5 Events: China New Yuan Loans; US Inflation Rate; German Inflation Rate; UK GDP; US Consumer Sentiment

Posted by By 07/02/2022Posted inForex
It’s a quieter global economic calendar, but there are still several ‘high’ rated events that will stir volatility.
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Gold Price Forecast: Gold Testing Key Resistance, Can Bulls Breach?

Posted by By 07/02/2022Posted inForex
Gold prices are testing a key spot of resistance at 1815 but, the big question is whether bulls can force a daily close above this price.
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US Dollar Technical Analysis: DXY Up-trend Test Poised to Fail

Posted by By 07/02/2022Posted inForex
The DXY is testing a trend-line from last year, but last week's sudden reversal suggests more downside may soon be in store.
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GBP/USD Institutional Positioning Turns Bearish Ahead of UK GDP Print

Posted by By 07/02/2022Posted inForex
The Pound may come under pressure in the short term as ‘smart money’ sentiment shifts further net-short. UK GDP and US CPI in focus
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Bitcoin (BTC) Breaks Through Noted Resistance, Eyes Further Gains

Posted by By 07/02/2022Posted inForex
A strong weekend for Bitcoin when one notable level of technical resistance was taken out and was followed by a further break higher. The chart setup looks promising.
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EUR/USD Forecast: Beloved Euro Opens Lower as Markets Digest US Jobs Report

Posted by By 07/02/2022Posted inForex
Central bank divergence between the ECB and Fed converged last week resulting in significant Euro upside however, ECB’s Lagarde may dampen hawkish bets later today.
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Crude Oil Prices May Pull Back But Supply Gaps Are Still in Play

Posted by By 07/02/2022Posted inForex
Crude oil prices may correct a bit lower as risk aversion strikes markets amid a lull in top-tier economic news flow, but lingering global supply gaps may keep selling modest.
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British Pound Recalibrating After Hawkish Bank Of England Lead. Where To For GBP/USD?

Posted by By 07/02/2022Posted inForex
The British Pound is slightly weaker today as a strong US Dollar resumes dominating markets. Is GBP/USD range bound for now?
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Gold Prices Extend Higher as Traders Mull Inflation Against Strong NFP

Posted by By 07/02/2022Posted inForex
Gold prices extended higher to above $1,810 despite a much stronger-than-expected US nonfarm payrolls report. Rising wage pressures may have boosted its appeal, defending it against rising rate hik...
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