Euro Technical Forecast: EUR/USD, EUR/JPY, EUR/GBP, EUR/CAD

Euro Technical Forecast: Bearish EUR/USD is mixed as this week brought a fresh two-month low, but Friday printed as a bullish engulfing bar, which is often approached with the aim of strength. EUR/JPY is also mixed as a shorter-term rising wedge (bearish) runs counter to a possible ascending triangle and inverse head and shoulders pattern… Continue reading Euro Technical Forecast: EUR/USD, EUR/JPY, EUR/GBP, EUR/CAD

Gold Price Technical Forecast: Will Bearish Pressures Persist?

GOLD PRICE WEEKLY TECHNICAL FORECAST – NEUTRAL Gold price action faced renewed selling pressure this past week and notched a -2% decline from last Friday’s close. The precious metal stumbled sharply lower alongside silver prices as the US Dollar strengthened broadly and ten-year Treasury yields climbed to 117-basis points. Not to mention, gold and silver… Continue reading Gold Price Technical Forecast: Will Bearish Pressures Persist?

USD/JPY drops for the first time in eight days after hitting highest levels since October 2020

USD/JPY dropped for the first time in eight days after hitting its highest levels since October 2020. The US dollar fell following downbeat NFP data, but yen was weighed by higher US yields and risk on. USD/JPY posted its first day in the red in eight, after the USD slumped to the bottom of the… Continue reading USD/JPY drops for the first time in eight days after hitting highest levels since October 2020

XAU at Big Support, XAG Nearing It

Gold/Silver Technical Outlook Gold price trading around long-term support Silver has a nice technical landscape, near March trend-line Gold, silver both trading near support levels The precious metal space has been under pressure in recent sessions, with gold price declining over 2% in yesterday’s session. The decline has major long-term support back in play around… Continue reading XAU at Big Support, XAG Nearing It

Why Trade Nasdaq Futures vs FAANG Stocks?

FAANG is an acronym referring to the five leading companies traded on the Nasdaq stock market – Facebook, Amazon, Apple, Netflix and Google. Originally coined in 2013 by Jim Cramer of CNBC’s Mad Money as “FANG,” the second ‘A’ for Apple was added in 2017. According to Tim McCourt, CME Group’s Managing Director of Equity… Continue reading Why Trade Nasdaq Futures vs FAANG Stocks?

3900/3930 zone to cap for a lengthier consolidation – Credit Suisse

Economists at Credit Suisse maintain a broader bullish outlook for a move to 3900. With further layers of resistance seen here and stretching up to 3930, the bias remains for 3900/3930 to cap the S&P 500 Index at first and for a potentially lengthier consolidation phase to emerge. See – S&P 500 Index: Recent comparisons to… Continue reading 3900/3930 zone to cap for a lengthier consolidation – Credit Suisse

USD/CAD Aiming Higher with NFP in Focus

US Dollar, USD/CAD, Non-Farm Payrolls, Inflation, 10-Year Breakevens – Talking Points: Equity markets gained ground during APAC trade as investors cheered the continued decline in global coronavirus infections. USD may extend recent gains as inflationary pressure fuel Fed tapering bets. USD/CAD poised to push higher after clearing key technical resistance. Asia-Pacific Recap Equity markets pushed… Continue reading USD/CAD Aiming Higher with NFP in Focus

Australian Dollar Eyes RBA Lowe Speech, AUD/JPY at Technical Juncture

AUD/JPY, Covid-19 Vaccines, Wall Street, RBA – Talking Points S&P 500 climbs to record close as Wall Street cheers improving unemployment claims RBA Governor Philip Lowe stays course with dovish outlook in address to lawmakers AUD/JPY prices find resistance at Descending Triangle’s upper bound Recommended by Thomas Westwater Get Your Free Top Trading Opportunities Forecast… Continue reading Australian Dollar Eyes RBA Lowe Speech, AUD/JPY at Technical Juncture

USD/JPY Breakout- Bulls Drive For Seventh Day

Japanese Yen Technical Price Outlook: USD/JPY Weekly Trade Levels Japanese Yen technical trade levels update – Weekly Chart USD/JPY breakout extends into February open Constructive while above 104.18 – Initial resistance objectives in view at 106 The Japanese Yen is off more than 0.7% against the US Dollar this week with a breakout in USD/JPY… Continue reading USD/JPY Breakout- Bulls Drive For Seventh Day