Gold Price Recovers to Push RSI Indicator Out of Downward Trend
The price of gold may continue to retrace the decline from the record high ($2075) as the RSI indicator breaks out of the downward trend carried over from August.
APAC Stocks Weekly Outlook: Dow Jones, Hang Seng Index, ASX 200
Asia-Pacific equities started the week on a positive note, led by mainland China and Hong Kong markets. The offshore renminbi (CNH) fell. Australian shares test a key resistance.
Australian Dollar Time Cycle: AUD/USD, AUD/JPY Key Levels to Watch
The Australian Dollar may continue to outperform its haven-associated counterparts after breaking above key chart resistance. AUD/USD, AUD/JPY key levels to watch.
NZD/USD Weakness to Abate as RSI Breaks Out of Downward Trend
Recent developments in the RSI indicate a larger recovery for NZD/USD as the oscillator breaks out of the downward trend established in September.
US Dollar May Weaken Further: USD/SGD, USD/IDR, USD/MYR, USD/PHP
The US Dollar may fall on rising fiscal stimulus bets. USD/IDR and USD/SGD are eyeing the Bank of Indonesia and Monetary Authority of Singapore respectively.
Markets Week Ahead: Nasdaq 100, US Dollar, Gold, Stimulus, GPB, Brexit, Earnings
The Nasdaq 100 and gold prices soared as the US Dollar tanked amid rising US fiscal stimulus hopes. Could this continue driving risk appetite next? The British Pound faces the…
S&P 500 Eyes Key Resistance Level at 3,500 With Upward Momentum
The S&P 500 index cleared higher highs after forming a bullish “AB=CD” pattern. An immediate resistance can be found at 3,500 - the 100% Fibonacci extension.
S&P 500 Eyes Key Resistance Level at 3,500 With Upward Momentum
The S&P 500 index cleared higher highs after forming a bullish “AB=CD” pattern. An immediate resistance can be found at 3,500 - the 100% Fibonacci extension.
US Dollar Outlook: Election Polling, Economic Data, Q3 Earnings Season
The US Dollar could weaken as the markets bet on more fiscal stimulus. However, lackluster economic data could offset those losses as earnings season gets underway.
Mexican Peso Technical Forecast: Looking for Invalidation of Key Support
USD/MXN tries to take advantage of market optimism to invalidate a key support