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Gold Price Rebound Following US CPI Raises Potential for RSI Buy Signal

Posted by By 14/07/2022Posted inForex
Looming developments in the Relative Strength Index (RSI) may point to a larger rebound in the price of gold as the oscillator is on the cusp of pushing above 30.
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Singapore Dollar Gains as MAS Unexpectedly Tightens Policy, USD/SGD Uptrend Still Eyed

Posted by By 14/07/2022Posted inForex
The Singapore Dollar strengthened after the MAS surprised markets with policy tightening amid inflationary pressures. Will this be enough to send USD/SGD meaningfully lower?
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Bitcoin May Reclaim 20,000 as APAC Traders Eye Australian Jobs Data

Posted by By 13/07/2022Posted inForex
Bitcoin prices may retake the 20,000 level in APAC trading after withstanding a breakdown in sentiment overnight after the US CPI report sent stocks lower. Australian jobs data is in…
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USD/CAD Reverse Ahead of Yearly High as BoC Delivers 100bp Rate Hike

Posted by By 13/07/2022Posted inForex
USD/CAD may continue to give back the advance from the monthly low (1.2837) as it appears to be reversing course ahead of the yearly high (1.3083).
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S&P 500, Nasdaq 100 Subdued on Sizzling Inflation Data, JPMorgan’s Earnings Eyed

Posted by By 13/07/2022Posted inForex
U.S. stocks fall Wednesday as worse-than-expected inflation data raises the likelihood of more aggressive monetary policy tightening by the Federal Reserve in the coming months.
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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Posted by By 13/07/2022Posted inForex
Aggressive rate hikes are around the corner for each of the commodity currency central banks.
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Gold Price Technical Outlook: Gold Works on Engulf off 11-month Low

Posted by By 13/07/2022Posted inForex
Gold prices are attempting to mark an outside-day reversal off downtrend support on the heels of record US inflation. Levels that matter on the XAU/USD technical charts.
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Euro Forecast: Positives Few and Far Between – Setups for EUR/GBP, EUR/JPY, EUR/USD

Posted by By 13/07/2022Posted inForex
None of the major EUR-crosses suggest that the lows are in just yet.
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US CPI Smashes Estimates Placing USD/ZAR, USD/TRY Under Pressure

Posted by By 13/07/2022Posted inForex
A strong USD has been driving Emerging Market currencies lower as investors anticipate another aggressive rate hike in July. USD/ZAR, USD/TRY test critical resistance.
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

Posted by By 13/07/2022Posted inForex
The US Dollar set a fresh 19-year-high after another fresh 40-year-high printed with CPI. There's now building expectation for a 100 bp hike from the Fed later this month.
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