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Gold Price to Mirror June on Failure to Push Above 50-Day SMA

Posted by By 02/08/2022Posted inForex
The price of gold may mirror the price action from June if it fails to push above the 50-Day SMA ($1793).
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AUD/USD Hits Post-Wedge Target. Bulls Eye Higher Ground Ahead of Central Bank Decision

Posted by By 01/08/2022Posted inForex
AUD/USD rose to its post-wedge target overnight as the US Dollar weakened despite a drop in US equity indexes. The RBA and Nancy Pelosi's Taiwan visit present risks to market…
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EUR/USD Eyes Former Support Zone After Staging Four Day Rally

Posted by By 01/08/2022Posted inForex
EUR/USD may attempt to test the former support zone around the May low (1.0349) as it stages a four-day rally for the first time since March.
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S&P 500 and Nasdaq 100 Lose Momentum at the Start of August. Is the Rally Over?

Posted by By 01/08/2022Posted inForex
The S&P 500 and Nasdaq decline modestly at the start of the new month, ending a three-day winning streak, but this may be a temporary respite ahead of the next…
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Silver Price Technical Forecast: Silver Surges 13% – Bulls Eye Resistance

Posted by By 01/08/2022Posted inForex
Silver prices reversed off key support last week with XAG/USD rallying 13% off the yearly lows. Levels that matter on the weekly technical chart into the August open.
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Japanese Yen Roars Back to Life – USDJPY, AUDJPY, EURJPY, GBPJPY

Posted by By 01/08/2022Posted inForex
The Yen has come back to life as markets digest a recession fears and the FOMC reaching its "neutral range."
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FX Week Ahead – Top 5 Events: RBA Meeting; New Zealand Jobs Report; BOE Meeting; Canada Jobs Report; US NFP

Posted by By 01/08/2022Posted inForex
The first week of August sees a typically busy economic calendar, with a global focus after last week’s US-centric offering.
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Monthly Forex Seasonality – August 2022: Gold, US Stocks Tend to Outperform

Posted by By 01/08/2022Posted inForex
The eighth month of the year typically sees a mixed performance by the US Dollar.
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Bitcoin Technical Analysis: BTC/USD Recovery Buoyed by USD Weakness

Posted by By 01/08/2022Posted inForex
Bitcoin prices have rebounded from the June lows. After two consecutive weeks of gains, USD weakness may support BTC further if risk-on sentiment holds.
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Gold Price Forecast: Gold Recovery Grows After Critical Support Test

Posted by By 01/08/2022Posted inForex
Gold prices put in their biggest weekly gain in over a year last week, fresh on the heels of a critical test of support. Can Gold bulls continue to drive?
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