US Dollar Bears Increasingly Crowded, GBP/USD Rose on Short-Covering – COT Report
Short US Dollar is a Crowded Trade, While Fresh Euro Longs are at Risk of a Reversal.
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US Dollar Index (DXY) Continues to Look Weak, Building Continuation Pattern
The US Dollar Index (DXY) is flirting with another leg lower as a congestion pattern continues to develop.
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Litecoin Forecast: Levels to Monitor on LTC/USD Price Chart
Last week, Litecoin rebounded from a multi-month high then slipped lower. Will bears take charge or will bulls come back?
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Gold Price Outlook: XAU/USD Crashes – Reversal or Retracement?
Gold prices have plummeted nearly $100 this week with the sell-off threatening a larger shift in trend. Here are the levels that matter on the XAU/USD technical charts.
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XE Market Analysis: Europe – Aug 10, 2020
The major currencies have been posting narrow ranges so far today in thin trading conditions, with Japan and Singapore closed for public holidays and with the summer holiday season in full swing in Europe and North America. EUR-USD settled in a narrow range just above Friday’s six-day low at 107.55. Cable lifted moderately, to a […]
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XE Market Analysis: North America – Aug 10, 2020
The dollar has traded moderately firmer, seeing fresh rebound highs in the case against the euro. EUR-USD carved out a six-day low at 1.1753, extending the correction from the 27-month high that was pegged last Thursday at 1.1917. Friday’s above-forecast U.S. jobs report lifted the dollar, although weighing on Wall Street on the view that […]
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XE Market Analysis: Asia – Aug 10, 2020
The dollar took a downward shift. USD-JPY posted a low at 105.72, which is less than 40 pips from the day’s peak. Cable clocked a peak at 1.3104, marking a 50% retrace of Friday’s drop. AUD-USD printed a high at 0.7185. Both Cable and AUD-USD remained below their respective trend highs that were seen last […]
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Australian Dollar Forecast: AUD/USD Price – Critical Levels To Keep In Focus
Last week, AUD/USD hit a year and a half -high then retreated after. Will the market mood continue upbeat?
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