Gold Prices Rise Within Ascending Channel, is XAU/USD’s Next Leg Lower?
Gold prices seem to be pointing higher in the near term as XAU/USD rises within an Ascending Channel. Its next leg could be lower though. Eyes turn to US retail…
Natural Gas Holds Key Technical Support, Path of Least Resistance Remains Higher
Natural gas futures held a key technical level this week, potentially paving the way for another run at the 2014 high.
NZD/USD Outperforms as RBNZ Rate Bets Tighten, Business PMI Improves
The New Zealand Dollar is receiving strong inflows against the US Dollar as traders price in a more aggressive rate hike path for the RBNZ. Chinese FDI data is slated…
Mexican Peso Outlook: USD/MXN Bullish Impetus Wanes as Yields Retreat. New Trend?
The pullback in U.S. Treasury yields has neutralized USD/MXN's bullish momentum, but price remains biased to the upside from a technical perspective following the development of a golden cross.
US Dollar Technical Analysis: DXY Index Flags; USD/JPY Nears Key Fibonacci Retracement
The US Dollar (via the DXY Index) has been flagging in October, surviving a crucial test this week.
S&P 500, Nasdaq Rip as Yields Dip, Focus Shifts to Retail Sales
Stocks ripped higher today and this was a very encouraging move for bulls, but they had some help from bonds and tomorrow brings retail sales - can bulls hold the…
What the MACD Indicator is and How it Works
The MACD serves as an oscillator as well as a crossover indicator. Learn how to implement the MACD.
British Pound Technical Analysis: GBP/AUD, GBP/CAD, GBP/NZD Rates
BOE rate hikes may have risen, but the Sterling is still struggling against the major commodity currencies.
Oil Price Outlook: Oil Rips 32% in Eight Weeks- WTI Breakout Levels
Oil prices surged 32% off the August low with a six-day rally within a eight week advance now testing seven year highs. Levels that matter on the WTI technical charts.
GBP/JPY IG Client Sentiment: Our data shows traders are now at their least net-long GBP/JPY since Feb 08 when GBP/JPY traded near 144.61.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bullish contrarian trading bias.