US Dollar Outlook: EUR/USD Stumbles Lower as Fed Meeting Looms
The US Dollar traded on its front foot Monday as EUR/USD price action edged lower and helped bolster the broader DXY Index. Can US Dollar strength continue with a Fed…
Gold Price Forecast: Precious Metal Consolidates Ahead of Next Big Move
Gold has slipped into consolidation mode around the midpoint of its descending channel from August. Shorter term traders can look to nearby technicals for influence as the fundamental case holds…
EUR/USD Still Susceptible to Larger Pullback as RSI Divergence Remains
EUR/USD remains susceptible to a larger pullback as long as the Relative Strength Index (RSI) diverges with price and tracks the downward trend from December.
FX Week Ahead – Top 5 Events: UK Jobs, Australia Inflation, Fed Meeting, Mexico & US GDP
The last week of the month brings about the usual smattering of event risk from around the globe.
Silver (XAG/USD) Side-steps Ahead of major risk events
Silver prices have maintained their rangebound momentum in anticipation of US economic data
Mexican Peso Price Forecast: USD/MXN Above 20.00 as Bulls Break Out
USD/MXN is breaking out to the upside to resolve a short-term falling wedge. But there's a longer-term wedge that remains in-play - can bulls evoke a test?
Canadian Dollar Forecast: On the Verge of a Bullish Breakout? Levels for CAD/JPY, USD/CAD
CAD/JPY rates look ready to trade higher. USD/CAD rates do too, however.
AUD/USD Monthly Range in Focus with Australia CPI, Fed Meeting on Tap
Key market themes may keep AUD/USD afloat ahead of the Federal Reserve’s first meeting for 2021 as US officials rely on their non-standard tools to support the economy.
Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since Dec 11, 2020 when Germany 30 traded near 13,135.60.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bearish contrarian trading bias.
US Dollar Steady, Euro Slips, GBP Benefits From Vaccine Success – US Market Open
US Dollar awaits FOMC risk. Tech stocks outperform ahead of key earnings, while EUR/GBP eyes support.