Gold Price Forecast: Gold Coils at Support – XAU/USD Breakout Imminent
Gold prices are poised for a breakout in the days ahead as XAU/USD contracts into longer-term uptrend support. The levels that matter on the gold weekly technical chart.
Japanese Yen Forecast: USD/JPY Breakout Jumps to Key Inflection Point
A six-week rally takes USD/JPY into a key resistance zone at three-year highs- risk for inflection here. These are the levels that matter on the weekly technical chart.
GBP/USD Rate Rally Susceptible to Slowdown in UK CPI
The update to the UK Consumer Price Index (CPI) may undermine the recent rally in GBP/USD as the report is anticipated to show a slowdown in the core rate of…
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar has pulled back to test support at prior resistance, and next week sees a heavy focus on inflation numbers outside of the states as rates continue to…
Michigan’s Consumer Sentiment Data Disappoints, DXY Largely Unchanged
The preliminary data for the University of Michigan's consumer confidence survey missed expectations
China GDP, Bitcoin (BTC) & S&P 500 INDEX (SPX) – FinTwit Trends to Watch
Fintwit is alive this week as Bitcoin hits $60000, U.S. earnings season begins and boosts the S&P 500 index (SPX) while global markets anticipate next week’s China GDP data announcement.
S&P 500, DAX 40, FTSE 100 Forecasts: Bank Earnings Trigger Risk-on Mood
Investors are setting aside their concerns about stagflation as US earnings kick off with a positive tone
Japanese Yen Capitulates, USD/JPY Soars, Significant GBP/JPY Bullish Break
JPY selling relents across the board with little sign of a reversal.
Bitcoin (BTC/USD) Breaks $60k on Growing Futures-Based ETF Expectations
Bitcoin broke through $60k earlier today on growing confidence that the SEC will sign-off on a BTC futures-based ETF in the very near future.
Stocks at Risk as China-Taiwan Tension Eclipses Xi-Biden Summit
Stock markets may be vulnerable to political volatility as China flexes its military might against Taiwan ahead of the Biden-Xi summit. Will reconciliation yield to rockets?