Wednesday, 7 July 2021

Gold Price Forecast: Gold Continues to Shine Despite USD Gains

Gold remain supported despite USD gains as real yields fall deeper into negative territory.

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British Pound Outlook: GBP/USD Showing Indecision Ahead of FOMC Minutes

Evenly balanced price pressures are keeping GBP/USD calm ahead of FOMC minutes

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Euro May Fall vs. US Dollar as FOMC Minutes Drive Fed Outlook

The Euro may fall against the US Dollar as minutes from June’s FOMC meeting reinforce bearish technical positioning after prices broke chart support.

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Tuesday, 6 July 2021

Crude Oil Prices Fall on OPEC+ Uncertainty, Rising Shale Oil Output

WTI crude oil prices pulled back after briefly hitting a six-year high, as a fruitless OPEC+ meeting added supply uncertainty and threatened a price war. US shale oil production has climbed in rece...

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Bitcoin (BTC/USD) Forecast: Bitcoin Remains Range-Bound, Clinging to $34,000

Bitcoin prices are struggling to find direction in the aftermath of April’s top, which sent BTC/USD tumbling as much as 50%. Now, prices are range-bound. What are key levels to watch?

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Dow Jones Retreats as Yields Fall, Regulatory Risk Weighs on Hang Seng Index

The Dow Jones pulled back from all-time highs as 10-year Treasury yields plunged, signaling near-term risk aversion. The Hang Seng Index fell for a sixth day amid rising regulatory scrutiny on tech...

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Yen Q3 Fundamental Forecast: Road Ahead Remains Tough

The road ahead for the Japanese Yen in the third quarter remains tough, with USD/JPY perhaps looking to rise amid a less-dovish Federal Reserve amid persistent inflationary pressures.

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Australian Dollar Forecast: Dovish RBA Adds to Delta Variant Woes for AUD/USD

The Australian Dollar continues to show weakness versus the US Dollar as the Delta Covid variant drags on sentiment as Sydney's lockdown continues. Recent dovish comments from the RBA may pressure ...

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Gold Price Looks to FOMC Minutes as Catalyst for Volatility

Gold edged slightly higher to challenge the psychologically-significant $1,800-price level on Tuesday as bond yields dropped. Gold volatility might accelerate with FOMC minutes due Wednesday.

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Canadian Dollar Price Forecast: USD/CAD Rallies to Resistance as Crude Falls

USD/CAD is in the midst of a breakout as USD strength and crude oil volatility work to drive the Canadian Dollar lower. With bulls in control, USD/CAD may look to take out overhead resistance.

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Gold Price Forecast: Gold Bulls Make a Push from Neckline Support

Gold found support at a double-bottom neckline and has since rallied by more than $60 off of the lows.

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June ISM Services Slows but Stays Healthy, Dollar Fails to Stage a Large Move

June ISM services cools to 60.1 from an all-time high of 64 in May, but manages to grow at a good pace for the 13th consecutive month, a sign that recovery continues, albeit at a slower rate.

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USD/ZAR Outlook: South Africa Rand Resolute Despite Stronger Dollar

The South African rand opened up the week relatively strong against the dollar which was lifted by surging commodity prices. This has not changed the local outlook but some new short-term levels co...

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USD/CAD Outlook: OPEC+ Delay Keeps CAD Supported, USD Picks Up Momentum Ahead of ISM and Fed Meeting Minutes

USD/CAD fails to break lower as US Dollar buyers reappear

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Crude Oil Price Continues to Rally After OPEC+ Meeting is Abandoned

Brent crude is trading at highs last seen in late-October 2018 after the latest OPEC+ meeting was unexpectedly called off with no new output boost in view

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Why Most Traders Fail and How to Increase Trading Success

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.

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British Pound (GBP) Latest: Sterling Boosted by UK Government Re-Opening Plan

GBP given additional boost as UK Government announces final stage plans of re-opening the economy.

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Australian Dollar Up as the RBA Scales Down QE, Talks Up Recovery

The Australian Dollar fell as the RBA moved to reduce the size of weekly QE asset purchases while talking up a stronger-than-anticipated economic recovery.

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Monday, 5 July 2021

Gold Prices at Two-Week Highs as The US Dollar Falls, Eyeing $1,800

Gold prices traded at two-week highs as a weaker US Dollar bolstered the appeal of the yellow metal. The MACD indicator formed a bullish crossover, hinting at further price gains.

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USD/JPY to Try to Move Higher out of Macro Wedge: Q3 Top Trading Opportunities

USD/JPY had been in a narrowing range the past few years, and on that was a chart that had been of interest for some time for the very reason that it hadn't been of much interest to the broader mar...

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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...