Lack of momentum to hold above the 200-Day SMA ($1792) may spark a near-term decline in the price of gold like the price action seen earlier this year.
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Thursday, 28 October 2021
US GDP Data Disappoints as Consumer Spending Slows in Q3
The first glimpse at US GDP for Q3 has reflected a slow down in consumer spending
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ECB Breaking News: EUR/USD Ticks Lower as Dovish ECB Holds Rates, Stage Set for December
The ECB decided to expectedly keep rates steady at 0% thus sustaining the supportive environment for the EU economy. EUR/USD fell slightly as markets look forward to Euro core inflation and GDP tom...
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ECB Breaking News: EUR/USD Ticks Lower as Dovish ECB Holds Rates, Stage Set for December
The ECB decided to expectedly keep rates steady at 0% thus sustaining the supportive environment for the EU economy. EUR/USD fell slightly as markets look forward to Euro core inflation and GDP tom...
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Australian Bond Carnage, YCC Under Threat, GBP/JPY Month-End Boost
RBA tested on Yield Curve Control, GBP/JPY month-end effect, Euro technicals.
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US Dollar DXY Watching Short-End Treasury Yields and Advanced Q3 GDP
TheUS dollar basket (DXY) has seemingly found support around 93.50 ahead of the first look at US Q3 GDP.
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USD/MXN Forecast: Yields, Fed, and Banxico in Focus
The bearish reversal in USD/MXN has come to a halt but bulls face a tough resistance up ahead
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British Pound (GBP) Price Outlook: EUR/GBP Downside Risk as ECB Meets
This session’s monetary policy announcement by the European Central Bank will dominate trading in EUR/GBP near term, and there’s a risk the pair will fall as the ECB stays determinedly dovish.
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Gold Prices at Risk with US GDP in the Spotlight Before Upcoming FOMC
Gold prices are looking to third-quarter US GDP data to help set the stage for next week’s pivotal FOMC meeting. Chart positioning hints that a downturn may be brewing.
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Australian Dollar Poised as Yields Roar and Oil Sinks. Will AUD/USD Get Going?
The Australian Dollar has been sidelined in an action-packed day in Asia, with central banks lining up to tighten. Can AUD/USD break out of the doldrums?
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Wednesday, 27 October 2021
Crude Oil Forecast: WTI Eases on Iranian Supply Prospects, US Inventory Build
Oil prices are on the move lower after traders digested a higher-than-expected US inventory build. Moreover, Iran-EU nuclear talks are set to restart, which may eventually see US sanctions removed.
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Bank of Japan (BoJ) Preview: Outlook Report to Provide Fresh Update
The Bank of Japan is set to hold their monetary meeting across 27 – 28 October 2021, as markets look towards its outlook report for guidance.
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How to Trade the Impact of Politics on Global Financial Markets
In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.
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Australian Dollar Forecast: AUD/USD Gains After Tech Stocks Rise on Wall Street, BoJ Eyed
The Australian Dollar is up versus the US Dollar as rosy sentiment sees Wall Street traders bid tech stocks higher. The Bank of Japan rate decision and Australian export/import prices are in focus.
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USD/BRL Points Lower as Brazilian Central Bank Raises Selic Rate by 1.5%
The Central Bank of Brazil hiked the national Selic rate by a record 150 basis points as rampant inflation sweeps across the country.
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Trading the Digital Yuan: The first central bank-backed digital currency
The digital yuan (aka eCNY) is already being tested in mainland China, and the upcoming release of this new blockchain-enabled central bank digital currency (CBDC) is poised to further disrupt inte...
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Canadian Dollar Price Forecast: USD/CAD remains rangebound after BoC rate decision
Bank of Canada (BoC) holds rates steady at 0.25%, USD/CAD remains in a well-defined range ahead of next week’s FOMC meeting minutes
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Oil Price Susceptible to Larger Pullback as RSI Sell Signal Emerges
The price of oil may face a larger pullback over the remainder of the month as the RSI falls back from overbought territory to indicate a textbook sell signal.
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Bitcoin Outlook: BTC/USD Boom or Bust as Prices Retreat From ATH?
Bitcoin prices have retreated from the recent fresh ATH as the battle between regulations and an increase in institutional adoption persists
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The Race to a Billion: Men Versus Women
Who reaches billionaire status sooner, men or women? Our report analyzes the top billionaires in the world to find out.
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Posts (Atom)
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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....