GBP/CHF Forecast: Key Chart Levels to Keep in Focus
Today, GBP/CHF rallied to a multi-week high. Will bulls steer the price towards the monthly resistance?
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Gold Price Forecast: Has Bullion Hit Resistance?
The extreme reading in the Relative Strength Index (RSI) may be accompanied by higher gold prices like the behavior seen earlier this year.
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XE Market Analysis: Asia – Jul 29, 2020
The DXY was moderately lower though the N.Y. morning session, with trade cautious ahead of the FOMC announcement. Incoming early data saw the advance June goods trade deficit narrow more than expected, and pending home sales for June soar.
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XE Market Analysis: Europe – Jul 30, 2020
The dollar has managed a rebound from post-Fed lows, with the narrow trade-weighted USD index lifting above 93.50 after pinning a fresh 25-month low at 93.18. Fed Chairman Powell gave an unambiguously strong commitment to continued ultra-accommodative policy (“not even thinking about thinking about thinking raising rates”), though there were no changes in terms of […]
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XE Market Analysis: North America – Jul 30, 2020
The dollar has managed a rebound from post-Fed lows, with the narrow trade-weighted USD index lifting above 93.50 after pinning a fresh 25-month low at 93.18. Speculative participants had built up a large net short dollar position going in to the FOMC, and a consequential profit taking motive has helped fuel the dollar’s bounce after […]
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S&P 500 Outlook: Options Traders Less Bullish Ahead of FOMC
S&P 500 Index price action whipsaws headed into Wednesday’s FOMC decision, but bullish activity revealed by equity options traders suggests that stocks may continue trending higher.
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US Dollar Drop Continues – Now What? USD/SGD, USD/MYR, USD/PHP, USD/IDR
The US Dollar remains under pressure against ASEAN currencies. USD/SGD and USD/MYR may extend losses as USD/PHP and USD/IDR face bullish technical signals.
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Natural Gas Price Hit a Multi-Week High, What’s Next?
This week, natural gas climbed to a multi-week high. Will bulls continue steering the price action or will bears come back?
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S&P 500 Stuck Below Corona-gap, Nasdaq 100 Tip-toes Support
The S&P 500 is struggling with the big February gap while the Nasdaq 100 tip-toes an important uptrend line and slope support.
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Gold Price Forecast: After All-Time Highs, Time for Profit Taking? – Levels for XAU/USD
Gold prices surged to an all-time high this week and long-term technical trends remain bullish. But as the end of the month approaches, the rally may hit pause.
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AUD/NZD Price: Key Chart Levels and Signals to Consider
Today, AUD/NZD has hit a near two-month high then retreated after. Will bulls keep on steering the price or will bears come back?
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Dollar Price Outlook: Six-Week Sell-off Slams USD to Multi-year Low
USD is poised for a sixth weekly decline with the index now testing support at fresh 2020 lows. Here are the levels that matter on the DXY weekly technical chart.
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XE Market Analysis: Europe – Jul 29, 2020
The dollar is amid a second of trading steadily, consolidating the sharp declines seen over the prior 10 days. The narrow trade-weighted USD index has posted a 93.60-80 range so far today, holding within yesterday’s range and above the 25-month low that was seen on Monday at 93.68. EUR-USD is showing modest gains, though has […]
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XE Market Analysis: North America – Jul 29, 2020
The dollar has been trading soft-to-steady, seeing new lows against some currencies and nudging the narrow trade-weighted USD index to a new 25-month low at 93.40. EUR-USD is showing modest gains, though has also remained with its Tuesday range and below the 22-month high see yesterday at 1.1782. Cable, meanwhile, lifted to a new five-month […]