Euro Outlook: EUR/USD Rips to 2020 Highs- Bulls Face Trend Resistance
Euro surged more than 2.8% since the start of the month with the bulls now eyeing uptrend resistance. These are the levels that matter on the EUR/USD technical charts.
Why a Rise in Retail Trading May Signal Another Mania
The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.
USD/CAD Post-Fed Pullback at Risk as RSI Recovers From Oversold Zone
USD/CAD may stage a near-term correction over the coming days as the Relative Strength Index (RSI) appears to be bouncing back from oversold territory.
Silver Price Forecast: XAG/USD Fundamentals Provide Hope to the Bulls
Silver prices advance as US Dollar weakness prevails
Gold Price and Silver Outlook Improve for Longs, but Still Work to Be Done
Gold is rallying from support while silver breaks out above a trend-line; levels and lines to watch in the days ahead.
Bank of England (BoE) Leaves Rates Untouched as Sterling Rallies Further on EU-UK Talk Optimism
The Bank of England left all policy levers untouched at today’s meeting as EU/UK trade talks go down to the wire. Sterling believes that a deal is very much on…
OMX 30 Near All-Time High, USD/SEK Continues Steady Depreciation
The coronavirus pandemic gets out of control in Sweden as Prime Minister admits the second wave was underestimated
British Pound (GBP) Latest: GBP/USD Still Firm Ahead of BoE Decision on Policy
GBP/USD continues to strengthen, reaching its highest level since May 2018 ahead of any more news on the EU-UK trade-talks and a likely decision by the Bank of England to…
DAX 30, EU Stoxx 50 May Rise as Investors Await Vaccine Approval
The benchmark DAX 30 and EU Stoxx 50 index may continue to push higher in the near term. However, the elongated wait for vaccine approval may begin to gnaw at…
Crude Oil Nears Resistance, Gold Up on Fed. BoE, Moderna Vaccine Approval Next
Crude Oil prices face resistance after EIA stockpiles shrank as the Fed propelled gold prices before the BoE. WTI and XAU/USD are eyeing US jobless claims and Moderna’s likely vaccine…