Thursday, 5 September 2019

Gold Price and Silver Outlook: Too High to Buy, Too Strong to Short

Gold is faltering at long-term resistance levels, while silver has continued to explode to new heights; a pullback is seen as likely and healthy.


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Bitcoin (BTC) Price Battles Recent Highs as Technical Indicators Clash

Bitcoin’s recent $1300 rebound has ground to a halt as buyers and sellers battle to gain the upper hand. The daily chart is not giving either a great deal of help.


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GBP/USD, GBP/JPY Technical Forecast: British Pound Price - Upside Break Out

This week Cable saw its lowest levels in nearly three years however, buyers may have another say on this. Here are the key tech levels GBP/USD and GBP/JPY traders may need to pay a close attention at.


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Canadian Dollar Technical Analysis Overview: USD/CAD, GBP/CAD, EUR/CAD

USD/CAD sees largest fall since January eyes on BoC Deputy Governor, GBP/CAD remains volatile on Brexit, while EUR/CAD makes fresh 2 year low.


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Crude Oil Price Surge: Next Move Depends on US-China Trade Talks

The recent spike higher in crude oil has taken it back to levels last seen around one month ago. For bullish momentum to be maintained, there needs to be tangible progress in the next round of US-China trade talks.


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Wednesday, 4 September 2019

USDCAD Forecast: RSI Snaps Bullish Formation Following BoC Meeting

Recent developments in the Relative Strength Index (RSI) foreshadow a further decline in USDCAD as the indicator snaps the bullish formation carried over from July.


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EURUSD May Rise if US Factory Order Data Boosts Fed Rate Cut Bets

EURUSD may rise if US factory orders data undershoots expectations and amplifies growing Fed rate cut bets against the backdrop of ethereal market optimism.


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Stocks Gain On US-China Trade Hope,HK Extradition Law Withdrawal

There was plenty of cheer around Thursday, for a change. Equity in China and Japan led the way higher as it seems the US and China will at least keep talking.


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Crude Oil Prices May Struggle to Sustain Gains on Inventory Data

Crude oil prices may struggle to sustain gains even as overall market sentiment brightens if EIA inventory data reveals stockpiles grew last week, souring demand bets.


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SEK May Fall on Riksbank Rate Decision, Eurozone GDP Data

The Swedish Krona may suffer if the Riksbank trims loosens its tightening cycle and provides gloomy commentary on the economic outlook. NOK, SEK are also eyeing Eurozone GDP data.


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Dollar Tumbles, Pound Rallies and S&P 500 Ready for a Break

Liquidity was starting to grab some traction for market movement this past session. The Dollar took a dive as its fundamental mix was called to question, Brexit scenarios lifted the Pound and S&P 500 seems primed for a break…but follow through?


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Japanese Yen Bulls Have Yet To Nail Down August USD/JPY Gains

The Japanese Yen pushed through an important near-term barrier at the end of last month, but hasn’t progressed very far since.


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Gold Prices Climb to Fresh 2019 High as China Plans for RRR Cuts

Gold prices may continue to benefit from the current environment as China appears to be in no rush to strike a trade deal with the Trump administration.


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Nasdaq 100 Technical Forecast for the Week Ahead

The Nasdaq has etched out a series of higher lows but remains trapped beneath resistance around 7,750. Now the tech-heavy Index trades within an ascending triangle which could see it break lower.


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GBP/USD Price Outlook: Sterling Surges on Latest Brexit Vote

GBPUSD continues to extend its retracement higher with the British Pound pushing higher as UK Parliament moves closer toward preventing no-deal Brexit.


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EUR/USD, EUR/JPY Reversals Gather Pace - Are the Downtrends Finished?

The Euro hasn’t gotten a lot of attention recently as traders have been distracted by Brexit and the US-China trade war. That could soon change.


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Australian Dollar Price Chart: Aussie Defends August Low- Technicals

Aussie is up more than 0.9% this week after rebounding ahead of the August lows- what’s next? Here are the levels that matter on the AUD/USD weekly chart.


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The Gold Rally & Silver’s Potential | Simon Popple | Podcast

Commodities expert Simon Popple discusses the gold rally, and why silver could be next for a boost, on our podcast.


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Crude Oil Price Rallies on China Stimulus, Recession Fears Fade

Crude oil prices are surging and on pace for the biggest daily gain since July 10 as the commodity catches bid in light of China economic stimulus hopes while trade war and recession fears fade.


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Gold Price Targets: XAU/USD Searches for Direction at Six-Year Highs

Gold is trading near six-year highs with price carving a well-defined weekly opening-range just above support. These are the levels that matter on the XAU/USD charts.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...