Tuesday, 2 June 2020

Gold Upbeat as The US Dollar Continues to Crumble, Silver Nears a Full Retracement

Gold continues to probe higher, aided by a weak US dollar, while silver‘s recent surge may slow as resistance comes into view.

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Euro Stoxx 50, FTSE 100 Outlook: Rally to Challenge Key Resistance

Both Euro Stoxx 50 and FTSE 100 push higher in global relief rally. Topside challenges remain.

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Bitcoin (BTC) Jumps to Multi-Month High, Supportive Trend Back in Place

Bitcoin (BTC) rallies back above $10,000, making a fresh multi-month high, and if the supportive uptrend holds, further gains may be seen in the short- to medium-term.

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British Pound (GBP) Latest: Break Higher in GBP/USD Improves Outlook

GBP/USD has broken to the upside from a symmetrical triangle pattern on the charts, suggesting further gains to come even as the ongoing post-Brexit talks continue to make little progress.

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EUR/USD Looks Ahead to ECB as 'No Deal' Brexit Fears Return

The Euro has stalled at 8-week highs ahead of the ECB monetary policy announcement whilst ‘no deal’ Brexit fears have returned to haunt the British Pound.

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Monday, 1 June 2020

Gold Prices Rally, Crude Oil May Be in Limbo Ahead of OPEC+ Meeting

Gold prices rallied as the US Dollar sank in ‘risk on’ trade. Crude oil could remain in limbo ahead of this week’s OPEC+ meeting with all eyes on Saudi-Russia negotiations.

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AUD/USD Rate Nudges Higher as RBA Sticks to Status Quo

The Australian Dollar nudged higher after the Reserve Bank of Australia (RBA) kept the official cash rate (OCR) and the three-year yield target unchanged at 0.25%.

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USD/CAD Rate Eyes Price Gap from March Ahead of BoC Rate Decision

USD/CAD may struggle to fill the price gap from March if the Bank of Canada (BoC) takes additional steps to support the Canadian economy.

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Indian Rupee, Nifty 50 Outlook: Technical Levels Pressured, Risks Brew

Are recent gains in the Indian Rupee and Nifty 50 warranted? Risks are brewing in the background, leaving USD/INR in a consolidative setting as the Nifty pressures resistance.

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Natural Gas Price Remains Vulnerable as Oversupply Issues Persist

Oversupply and demand disruption may continue to drag on the price of liquefied natural gas (LNG) even though it recovers from 22-year lows.

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Silver & Copper Prices Enjoyed a Nice Ride - Is it Time to Get Off?

Silver and copper prices have enjoyed a double-digit recovery following their selloff in mid-March, but technical cues are signaling that a pullback may be in the cards.

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NZD/USD Rate Forecast: Will RSI Offer a Bullish Signal?

The Relative Strength Index (RSI) may offer a bullish signal for NZD/USD if the oscillator breaks above 70 and pushes into overbought territory.

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AUD, NZD May Rise With APAC Stocks Ahead of RBA Rate Decision

The Australian and New Zealand Dollars may rise with Asia-Pacific stocks ahead of the RBA rate decisions despite political unrest in Hong Kong and America.

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S&P 500 Forecast: Stocks Face Peril as Day of Reckoning Looms

Stocks continue to surge and propel the S&P 500 Index within striking distance of record highs as bullish equity investors overlook threats from US-China tension escalating, double-digit unemployme...

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New Zealand Dollar Forecast: NZD/USD Runs into Resistance, Will it Hold?

US Dollar weakness persisted to start the week, allowing a number of USD crosses to post outsized moves. NZD/USD was no exception as the pair quickly shot to resistance and a 3-month high.

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Gold Price Outlook: Gold Goes Overbought, Finds Fibonacci Resistance

Gold prices are at their most overbought on the monthly chart since 2011, when prices topped-out. Can bulls bring on an alternative ending?

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US Dollar Hemorrhaging as GBP/USD & AUD/USD Soar, USD/CAD Sinks

US Dollar extends its streak of declines as the DXY Index bleeds lower. GBP/USD and AUD/USD gains stand out in particular as spot USD/CAD plunges to a 12-week low, but will USD price action find a ...

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Canadian Dollar Technical Outlook: Loonie Rally Slams USD/CAD into Support

Loonie rallied more than 7% against the US Dollar since the March extremes with USD/CAD now testing support. Here are the levels that matter on the technical charts.

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Forex Economic Calendar Week Ahead: RBA, BOC, ECB Meetings; Canada & US Jobs Reports

The June ECB meeting and the May US nonfarm payrolls report take top billing during the first week of the month.

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Markets Week Ahead: AUD, CAD, GBP, Brexit Talks, Dow Jones, USD, NFPs

The Australian Dollar, Canadian Dollar and Euro await the RBA, BoC and ECB respectively. Brexit talks continue, and rising fears of a no-deal could weigh on the British Pound. Will the Dow Jones an...

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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...