Gold Price Recoil From Chart Resistance as the US Dollar Strengthens
Gold prices retreated from chart resistance level at the 50-Day Simple Moving Average (SMA) as haven demand fueled a rally in the US Dollar, weighing on precious metal prices.
EUR/USD Clears Monthly Opening Range as ECB Shuns Euro Intervention
EUR/USD may continue to retrace the decline the yearly high (1.2011) as the exchange rate clears the monthly opening range.
AUD Shows Muted Reaction to China Trade Data with US Election in Focus
The Australian Dollar dismissed disappointing trade balance data out of China as investors remain fixated on US Presidential Election developments.
Nasdaq Leads Wall Street Gains, China A50 Surges as Xi Visits Greater Bay
Asia-Pacific equities opened broadly higher following strong US leads; big bank earnings are in focus. The China A50 may extend gains as Xi Jinping visits the Greater Bay Area.
AUD/USD Unfazed by Ban on Australian Coal as Risk Appetite Improves
The improvement in risk appetite may keep AUD/USD afloat as the US Dollar reflects an inverse relationship with investor confidence.
Japanese Yen, British Pound Rally. USD/JPY Ready to Extend Losses?
The Japanese Yen and British Pound rallied on Monday. This is as tech giants, like Apple and Amazon, saw their shares soar. Could USD/JPY be readying to extend losses?
Dow Jones Price Outlook: Earnings Season Arrives with Big Banks
The Dow Jones jumped to start the week, ahead of earnings from some of the country’s largest financial institutions. Can earnings impress despite covid and what might it mean for…
Central Bank Watch: BOE, ECB, & Fed Rate Expectations; EUR, GBP, USD Positioning Update
The big three central banks are in a holding pattern at present time.
Crude Oil Outlook Mired by Stimulus Deal as Libya Lifts Supply
Crude oil price action remains volatile amid big shifts in market sentiment due to fiscal stimulus whiplash and headlines highlighting material changes to global oil production.
Dollar vs Mexican Peso Outlook: USD/MXN Plummets to Key Support Zone
The Dollar losses continue to mount against the Mexican Peso with the USD/MXN now probing key support. Here are the levels that matter on technical charts.