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Silver Prices Break February Low – Does it Matter? Levels for XAG/USD

Posted by By 02/03/2021Posted inForex
Despite the sharp uptick in global bond yields over the past week, silver prices have proven resilient.
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Gold Price Forecast: XAU/USD Clings to Support After Steep Losses

Posted by By 02/03/2021Posted inForex
Gold is clinging to support around the $1,715 mark after plummeting nearly $100 in the last two weeks. Alongside a modest decline in US Treasury yields, gold might look to…
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EUR/USD Rate Forecast: Euro Rebound Emerges After Defending 2021 Low

Posted by By 02/03/2021Posted inForex
EUR/USD may continue to retrace the decline from the February high (1.2243) as the exchange rate appears to be defending the yearly low (1.1952).
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Canadian Dollar Forecast: Loonie's Wings Clipped? – Levels for CAD/JPY, USD/CAD

Posted by By 02/03/2021Posted inForex
The Canadian Dollar was hobbled last week, but more gains may be ahead yet.
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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Posted by By 02/03/2021Posted inForex
Rising bond yields and appreciating currencies are front-and-center for the commodity currency central banks.
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EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Feb 19, 2021 when EUR/JPY traded near 127.74.

Posted by By 02/03/2021Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
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British Pound Forecast: Sterling Snaps Six Week Rally- Cable Support?

Posted by By 02/03/2021Posted inForex
Sterling plunged more than 2.7% off resistance at multi-year highs– risk for a March setback. Here are the levels that matter on the GBP/USD weekly technical chart.
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AUD/USD Forecast: Rebound from February Low Fueled by Upbeat RBA

Posted by By 02/03/2021Posted inForex
AUD/USD extends the rebound from the February low (0.7692) after testing the 50-Day SMA (0.7718) for the second time in 2021.
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Japanese Yen Outlook: USD/JPY Bull Run Faces Stern Resistance

Posted by By 02/03/2021Posted inForex
The USD/JPY pair has advanced tremendously in the first two months of 2021 but the bull run looks to be showing signs of fatigue
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DAX 30, CAC 40 Technical Analysis: Looking Positive as Risk Trends Firm Up

Posted by By 02/03/2021Posted inForex
The DAX congestion period may soon come to an end with another run at new highs, while the CAC is working on filling the gap from last Feb.
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