Gold Price Forecast: November Low on Radar as RSI Snaps Upward Trend
The price of gold may continue to give back the rebound from the November low ($1765) as the RSI fails to retain the upward trend carried over from December.
Euro Awaits Italian Vote, Yellen to Urge Lawmakers to Act Big – US Market Open
Leaked text of Yellen suggests event will not be notably market moving. Euro looks to Italian Senate vote.
Crude Oil Latest: Trend Higher Still in Place Despite IEA Cutting Forecast For Demand
The International Energy Agency has lowered its forecasts of demand for oil in both Q1 and 2021 as a whole but the price of US crude remains in a trend…
Bank of Canada Preview: Canadian Dollar (CAD) Guide for BoC Rate Decision
BoC expected to maintain current policy despite some suggestions of a micro-cut.
USD/ZAR Outlook: Rand Soldiers on Inspired by Waning U.S. Dollar
After a strong week for the Rand, upcoming economic announcements may result in further price volatility around the USD/ZAR pair
EUR/USD Moving Higher on Better-than-Expected ZEW and US Dollar Weakness
EUR/USD is back above 1.2120 today and is starting to reverse its recent decline as markets wait for Janet Yellen’s confirmation speech
France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Dec 22, 2020 when France 40 traded near 5,477.70.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.
FTSE 100 Forecast: Vulnerable Below 6,800 Despite Ascending Channel
The UK warns of a possible spike in cases as vaccine rollout gets fully underway
British Pound Outlook: GBP May Rise as Covid-19 Cases Begin to Fall
The British Pound could gain ground against the haven-associated Japanese Yen and US Dollar as the number of daily coronavirus cases notably slides lower.
Silver Price Outlook: XAG/USD Rises Ahead of Yellen Testimony, More to Go?
Silver prices are climbing ahead of Treasury Secretary nominee Janet Yellen's Senate confirmation on Tuesday as US Dollar strength appears to be waning.