Crude Oil Price Trades in Descending Channel After Failing to Defend April Low
The price of oil may continue to trade within the descending channel carried over from last month as it fails to defend the April low ($92.93).
Australian Dollar Technical Forecast: AUD/USD Bears Face Trend Support
Australian Dollar has held downtrend support for nearly four weeks- moment of truth for the bears. Levels that matter on the AUD/USD weekly technical chart.
EURUSD Continues Higher From Friday’s Rally, Advance Stalls Near 1.02
EURUSD continued its advance from Friday as traders eye inflation data and the ECB meeting later this week.
Japanese Yen Price Action Setups: USD/JPY, EUR/JPY, GBP/JPY, CAD/JPY
The Bank of Japan meets this week and Yen-weakness remains in full bloom, for now.
Bitcoin (BTC) Tests Technical Resistance – Softer USD Lifts Sentiment
A softer US Dollar allowed Bitcoin, Ethereum and alt coins to climb, providing temporary relief for crypto bulls.
USD/CAD Falls After Channel Resistance Holds, Canadian Dollar Hinges on Inflation Data
Canada's inflation data will be a key catalyst for the Canadian dollar this week. June CPI, which is seen hitting a new multi-decade high, could boost bets for aggressive BoC…
Gold Price Forecast: Gold Grasps for 1700 Following Five-Week-Plunge
Gold prices are grasping to keep grip of support at the 1700 handle. Two-year-lows are nearby and vulnerable - will Gold bears take their swing now or wait til after…
DAX, DOW and FTSE Push Higher as Risk-On Sentiment Continues
Indices rally as risk-on sentiment continues, can we maintain upside momentum?
S&P 500 Recovery, Goldman Sachs, Bank of America Earnings
Slow start to earning season as JPM and MS fail to meet expectations
Markets Week Ahead: Dow Jones, US Dollar, Euro, Japanese Yen, Crude Oil, Inflation, ECB, BoJ
The US Dollar surged last week as recession fears around inflation permeated market sentiment. The week ahead is filled with economic data and policy decisions from the BoJ and ECB.