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EUR/USD Rate Eyes Monthly High as RSI Recovers from Oversold Zone

Posted by By 18/10/2021Posted inForex
EUR/USD appears to be on track to test the monthly high (1.1640) despite the rebound in longer-dated US Treasury yields as the RSI recovers from oversold territory.
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FX Week Ahead – Top 5 Events: Canada, Eurozone, Japan, & UK Inflation Rates; US Manufacturing PMI

Posted by By 18/10/2021Posted inForex
A decidedly lighter economic calendar has traders watching inflation data and bond markets in the middle of October.
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Psychological Levels & Round Numbers in Forex Trading

Posted by By 18/10/2021Posted inForex
Key levels in forex tend to draw attention to traders in the market. Learn more about the psychological definition and how to trade it.
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Gold Price Outlook: Gold Fails at 1800- XAU/USD Retreats to Support

Posted by By 18/10/2021Posted inForex
Gold prices plunged from downtrend resistance last week and we’re on the lookout for a low in the days ahead. The levels that matter on the XAU/USD technical charts.
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Japanese Yen Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY

Posted by By 18/10/2021Posted inForex
Yen weakness seemed likely after the September FOMC rate decision and almost a month later, the theme continues to take on a new life.
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Return to Normalcy Harkens Shift in Retail Trading Era

Posted by By 18/10/2021Posted inForex
It stands to reason that as we persist in a lower volatility environment, which incidentally may be good for a steady float higher in US equity prices, could also see…
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USD/CAD Rate Rebound Vulnerable to Another Rise in Canada CPI

Posted by By 18/10/2021Posted inForex
Fresh data prints coming out of Canada may curb the recent rebound in USD/CAD as the headline reading for inflation is expected to pick up for the third consecutive month.
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Gold Technical Outlook: The Short and Long of It

Posted by By 18/10/2021Posted inForex
Gold continues to have a negative tone to it, with one top-side level to keep in mind to keep this bias intact; levels and lines to watch.
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Bitcoin (BTC) Futures ETF Expected to Launch Imminently, Crypto Market on Hold

Posted by By 18/10/2021Posted inForex
The ProShares Bitcoin Futures ETF is expected to launch on the New York Stock Exchange Tuesday and others may follow shortly.
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US Dollar Technical Outlook: DXY Sitting Solid Support

Posted by By 18/10/2021Posted inForex
The DXY backed off last week, and now has an important area of support in play; trust until broken but so far it isn't providing much of a lift.
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