AUD/USD Rate Rebound Pulls RSI Out of Oversold Territory

AUD/USD may stage a larger rebound over the coming days as the RSI bounces back from oversold territory and snaps the bearish formation from earlier this year.

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British Pound Downtrend Held, Australian Dollar Rose Post Super Tuesday

The British Pound rose, but the GBP/USD downtrend held. The incoming BoE chief cooled rate cut bets. The AUD/USD rose with stocks after Fed easing and the “Super Tuesday” primary.

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Silver Price Forecast: XAG/USD May Enjoy Boost from Lower Rates

Lower interest rates and lingering uncertainty could spur silver price gains in the weeks ahead as investors seek an inflationary hedge.

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Oil Forecast: Crude Oil Price Looks to OPEC Meeting, Supply Cuts

Crude oil price action eyes the OPEC meeting set to kick-off in Vienna tomorrow, March 05. Commodity traders largely expect deeper supply cuts, but will the oil cartel curb production further?

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DAX 30 Price Forecast: Resistance Stands in the Way of Recovery

The DAX 30 will have to surmount technical resistance as it looks to recover from last week’s rout.

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FTSE MIB Outlook: Coronavirus Outbreak Puts Italian Assets at Risk

Italy may slip into a recession following coronavirus outbreak. FTSE MIB upside struggles as banks head lower.

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BOC Decision: Canadian Dollar Crumbles as Poloz Capitulates & Cuts

The Canadian Dollar is coming under pressure after the Bank of Canada (BOC) just announced a 50-basis point interest rate cut.

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BOC Decision: Canadian Dollar Crumbles as Poloz Capitulates & Cuts

The Canadian Dollar is coming under pressure after the Bank of Canada (BOC) just announced a 50-basis point interest rate cut.

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US Dollar Rises on Upbeat Services PMI

The ISM services index printed 57.3 for Febraury, indicating continued expansion in the services sector of the us economy.

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Euro Price Analysis: EUR/USD Rip Runs into Key Fibonacci Resistance

The Euro has put in a massive rally over the past two weeks. But was this from safe-haven drive, or is EUR/USD on the cusp of a long-term bullish trend?

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Canadian Dollar Outlook - BoC Rate Cut, OPEC+ Output Cut USD/CAD Price Drivers

USD/CAD is in for a rough ride over the next couple of days with the central bank expected to cut interest rates, but by how much, while OPEC+ needs to curb oil production quickly.

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US Dollar, Gold Price, S&P 500 Outlook: Impact of Emergency Fed Rate Cuts

Federal Reserve Delivers Emergency Rate Cut. How does the S&P 500, US Dollar and Gold Prices Typically Perform?

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British Pound (GBP), FTSE Latest: London Stocks Higher but Sterling Flat

The FTSE 100 index of leading London-listed stocks is moving higher while Sterling remains stable as attention turns to a probable UK interest rate cut this month.

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Euro May Retrace Gains on Eurozone PMI, EU-US Trade Tensions

The Euro may erase some of its recent gains vs the US Dollar on soft Eurozone PMI data and a chilling message from the EU Trade Commission Phil Hogan.

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Gold Prices Eye BOC After Fed Rate Cut Amid Coronavirus Fears

Gold prices tend to thrive when global interest rates head lower. Australia and the United States have seen reductions this week. Will Canada join them?

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USD/CAD Levels to Watch Ahead of Bank of Canada (BoC) Meeting

USD/CAD may continue to retrace the decline from the May high (1.3565) as a bull flag formation unfolds ahead of the Bank of Canada (BoC) meeting.

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EUR/USD, USD/CAD, USD/JPY Outlook: US Dollar Trader Positioning

EUR/USD may rise as USD/CAD and USD/JPY decline based on signals from trader positioning. What is the road ahead for the US Dollar incorporating IG Client Sentiment readings?

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US Dollar Analysis: USD/SEK, USD/NOK Charts After Fed Rate Cut

The US Dollar may extend its decline vs the Swedish Krona and Norwegian Krone as USD/SEK and USD/NOK continue to fall after the Fed unexpectedly slashed interest rates by 50 bps.

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Gold Price Eyes Yearly High Following Federal Reserve Rate Cut

The price of gold approaches the yearly high ($1689) as the Federal Reserve delivers an unexpected 50bp rate cut ahead of its interest rate decision on March 18.

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Australian Dollar Gains as 4Q GDP Tops Forecasts, Coronavirus Limits Impact

The Australian Dollar got a modest lift when official growth figures showed that its home economy headed into the coronavirus crisis in better shape than economists thought.

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