Gold Weekly Forecast: XAU Eyes NFP After Powell
Gold prices rallied to end the week well above the $2000 mark as XAU/USD heads into the overbought zone.
EUR/USD Price Forecast: EUR/USD Prints Fresh Weekly with 200-Day MA in Sight
Euro bears seize control thanks to a combination of Euro weakness and a renewed appetite for the Greenback. Can the selloff continue next week?
Gold (XAU/USD) Rejects $2,050/oz. Ahead of Fed Chair Powell’s Thoughts
Gold made a attempt at printing a fresh multi-month high earlier in the session but resistance stood firm. Later today, the latest thoughts from Fed Chair Powell
FTSE 100, Dax 40 and S&P 500 Remain Bid as Inflation Slows
Outlook on FTSE 100, DAX 40 and S&P 500 following a strong November.
CAD Price Forecast: Loonie Susceptible to Canadian Jobs Report & Fed Chair Powell
USD/CAD prices have reached a key inflection point with a possible upside reversal looming. Canadian employment and Fed speak crucial for short-term guidance.
Gold Prices, Nasdaq 100 Rejected at Resistance, USD/JPY Flies Ahead of Powell
This article examines the technical outlook for gold prices, the Nasdaq 100 and USD/JPY, analyzing the critical price levels that may come into play in the near term
Oil Price Forecast: WTI Slips as OPEC+ Voluntary Cuts Fail to Convince
Oil prices failed at a technical hurdle today as the OPEC+ meeting failed to convince. Despite announcing around 2 million bpd cuts for Q1 2024 market participants were expecting more as Global Markets continue to flash signs of a slowdown.
US Dollar Up but Bearish Risks Grow, Setups on EUR/USD, GBP/USD Before Powell
Within this article, we explore the technical outlook for EUR/USD and GBP/USD, identifying significant price thresholds that may play roles as support or resistance ahead of Powell’s on Friday.
Japanese Yen Returns Some Gains After Adachi Comments Suggest No BOJ Shift
The Japanese Yen has been strengthened by expectations that the Bank of Japan could tighten its ultra-loose monetary policy. However, these may have been premature
US Consumer Spending Eases but the US Dollar Index (DXY) Continues to Advance
US PCE data continued the recent trend of softening data from the US. The PCE print is likely to add to expectations for rate cuts in 2024 heading into the December FOMC meeting.