Oil Price Forecast: Oil Spill Reverses Off Key Technical Support
Crude oil prices defended critical support for the second time this week bears are on notice. These are the levels that matter on the WTI weekly technical chart.
Australian Dollar Outlook: AUD/USD at Risk of RBA Taper, Chinese Regulations
The Australian Dollar continues to face headwinds from a number of fronts with divergencies in risk assets, RBA/Fed tapering plans and Chinese Crackdowns.
Gold Price Forecast: Gold Recovers from Flash Crash, $1,800 Remains Critical
Gold bulls regain confidence after brutal flash crash as concerns over Delta variant intensify. Can bulls break above $1,800?
British Pound (GBP) Weekly Forecast: Will CPI and PPI Continue to Diverge?
GBP ends the week with mixed performance as July jobs, CPI and PPI data will be in focus next week
AUD/USD Rate Defends August Range Amid Failure to Teste July Low
AUD/USD appears to be stuck in a narrow range following the failed attempt to test the July low (0.7289).
US Dollar Pullback Accelerates as Consumer Sentiment Plunges
The US Dollar has been trading on its back foot this morning with selling pressure intensifying in the wake of a big miss on consumer sentiment data just released amid…
Record Breaking Run for EU STOXX, FTSE Rises to Pre-Pandemic Levels
The broader EU STOXX 600 is on track to post gains for a record tenth straight session while the FTSE reaches pre-Covid levels
S&P 500 (SPX), China Shutdown & Crude Oil – FinTwit Trends to Watch
FinTwit this week: SPX hits all-time highs, China closes key port and crude oil feels the pinch as delta variant concerns persist.
Gold Price Running Into a Formidable Zone of Opposition
Gold has regained its composure in the last few days and is now trying to break back into a prior trading range.
EUR/GBP Price Outlook: Weekly Close Key as Corrective Risks Brew
Bears eyes on weekly close for EUR/GBP as corrective risks rise.