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Gold Price Forecast: XAU/USD Reversal Might be Premature. Eyes on Fed, GDP and PCE

Posted by By 23/07/2022Posted inForex
Gold prices rallied this past week, but markets might be getting ahead of themselves. A hawkish Federal Reserve, US GDP and PCE data could weigh against XAU/USD in the week…
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S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead

Posted by By 23/07/2022Posted inForex
It was another week of strength for stocks. The Fed is waiting in the wings. Are they close to caving in the face of declining economic data?
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Crypto Forecast: BTC, ETH Lead Rally as ‘Merge’ Date Announced; Risk Event Ahead

Posted by By 23/07/2022Posted inForex
Too early to call the Crypto winter over…is the Ethereum ‘Merge’ driving the rally?
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AUD/USD Weekly Forecast: Resilient Aussie Buoyed by Commodities Despite PMI Miss, Fed in Focus

Posted by By 23/07/2022Posted inForex
A strong close last week sets up AUD/USD for the upcoming data heavy week with focus on the Fed.
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Gold and Silver Technical Forecast: Charts Indicate Further Losses Ahead for XAU, XAG

Posted by By 22/07/2022Posted inForex
Gold and silver prices broke their multi-week routs, but prices struggled to hold onto gains. XAU and XAG's charts suggest the path of least resistance remains skewed to the downside.
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GBP/USD Rate Rebound Vulnerable to Hawkish Fed Forward Guidance

Posted by By 22/07/2022Posted inForex
The Federal Reserve interest rate decision may undermine the recent rebound in GBP/USD if the central bank steps up its effort to combat inflation.
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Canadian Dollar Technical Forecast: USD/CAD Correction Underway

Posted by By 22/07/2022Posted inForex
A Canadian Dollar offensive has pulled USD/CAD back below critical resistance with price plunging nearly than 2% off the highs. Key levels on the weekly technical chart.
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US Business Activity Shrinks, Heightening Recession Fears, July Composite PMI at 47.5

Posted by By 22/07/2022Posted inForex
U.S. business activity fell into contraction territory this month for the first time since the COVID-19-induced lockdowns, a sign that the economy may be headed for a hard landing.
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DAX 40 Latest: Bouncing Higher, Brushes off Manufacturing Slump

Posted by By 22/07/2022Posted inForex
DAX 40 bounces higher as weak PMI's fail to dent sentiment.
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A Price Action Tell: Support at Prior Resistance, Resistance at Prior Support

Posted by By 22/07/2022Posted inForex
What happens when support and resistance levels trade places? This article looks at how traders can use prior action to find actionable levels to work with.
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