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Euro Forecast: EUR/USD Outlook Worsens After EU Recovery Fund Vetoed

Posted by By 21/11/2020Posted inForex
With the markets focused on coronavirus vaccines, it was easy to miss news last week that Poland and Hungary have blocked the EU’s recovery fund; another potential negative for the…
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Australian Dollar Forecast: Aussie Rally Testing Key Breakout Levels

Posted by By 21/11/2020Posted inForex
Australian Dollar is probing multi-year downtrend resistance- Aussie breakout ahead? These are the levels that matter on the AUD/USD weekly technical chart.
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US Dollar Forecast: DXY Index Stuck in Range as Fed-Treasury Fight Goes Public

Posted by By 20/11/2020Posted inForex
Will the Fed-Treasury disagreement help or hurt the US Dollar?
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Gold Price Outlook: XAU/USD Still Primed for Higher Ground

Posted by By 20/11/2020Posted inForex
Gold prices fell for a second consecutive week as inflation expectations eased after a U.S. political shift. A dispute between the Federal Reserve and Treasury is boosting gold prices, will…
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Canadian Dollar Forecast: Loonie Stalled at Support– USD/CAD Levels

Posted by By 20/11/2020Posted inForex
The Canadian Dollar bulls have lost steam as USD/CAD holds support just above the yearly lows. These are the levels that matter on the Loonie weekly technical chart.
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Pound Technical Outlook – GBP/USD In Slow Grind Mode, Big Resistance Ahead

Posted by By 20/11/2020Posted inForex
Cable continues to rise within the confines of a channel, but has a stiff test ahead with long-term resistance looming.
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Gold Breaks Bearish Price Pattern Amid Failure to Test September Low

Posted by By 20/11/2020Posted inForex
The price of gold breaks out of the series of lower highs and lows from earlier this week as it stages another failed attempt to test the September low ($1849).
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Central Bank Watch: BOC, RBA, RBNZ Rate Expectations; CAD, AUD, NZD Positioning Update

Posted by By 20/11/2020Posted inForex
All three of the commodity currency central banks – the BOC, RBA, and RBNZ – have seen dovish rate cut expectations scaled back significantly in recent weeks.
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USD/ZAR Technical Outlook: Dollar Nearing Towards Long-term Support vs Rand

Posted by By 20/11/2020Posted inForex
USD/ZAR is nearing a significant trend-line that could help put in a floor or accelerate its losses if support breaks.
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DAX Price Outlook: Bullish Pennant May Provide Added Boost

Posted by By 20/11/2020Posted inForex
The bullish pennant formation could lead to a bullish continuation if confirmed.
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