EURUSD Fails to Test 2019 Low, RSI Flashes Bullish Signal After ECB
EURUSD fails to test the 2019-low (1.0926) following the ECB meeting, with the Relative Strength Index (RSI) breaking out of the bearish formation carried over from June.
USDCAD Rebound to Benefit from Sticky US Consumer Price Index (CPI)
Updates to the US Consumer Price Index (CPI) may keep USDCAD afloat as the figures are anticipated to highlight sticky inflation.
EURUSD Rebound in Focus Amid Dismal ISM Survey, Mixed Fed Rhetoric
EURUSD may stage a larger rebound over the coming days as signs of a slowing economy puts pressure on the Federal Reserve to reverse the four rate hikes from 2018.
Gold Price Forecast Remains Bullish as RSI Approaches Overbought Zone
The price of gold may continue to exhibit a bullish behavior as the Relative Strength Index (RSI) approaches overbought territory.
EURUSD Rebound Unravels as Fed Tames Bets for Rate Easing Cycle
EURUSD may continue to consolidate over the coming days as the Federal Open Market Committee (FOMC) tames speculation for a rate easing cycle.
EURUSD Searches for Support as Fed Tames Bets for Rate Easing Cycle
EURUSD searches for support ahead of the US Non-Farm Payrolls (NFP) report as the Federal Reserve tames speculation for a rate easing cycle.
USDCAD Rate May Rise Further After Monthly Opening Range Break
Current market conditions may fuel a larger rebound in USDCAD as the exchange rate clears the opening range for July.
USDCAD Rate Searches for Support, RSI Flirts with Oversold Territory
USDCAD may continue to exhibit a bearish behavior over the remainder of the week as the Relative Strength Index (RSI) flirts with oversold territory.
Gold Prices Susceptible to Larger Pullback as RSI Offers Sell Signal
Gold prices stand at risk of facing a larger correction as the Relative Strength Index (RSI) falls back from overbought territory and flashes a textbook sell-signal.
USDCAD Rate Eyes April-Low Ahead of NFP, Canada Employment Report
USDCAD continues to give back advance from the April-low (1.3274) ahead of the NFP report as Federal Reserve officials change their tune.
Gold Price Outlook: May Opening Range on Radar Following Fed Meeting
Gold retraces the decline following the FOMC meeting, but the broader outlook warns of a shift in market behavior as a head-and-shoulders formation remains in play.
Gold Price Rebound from April-Low Stalls Following FOMC Minutes
The recent advance in the price for gold appears to have stalled following the FOMC Minutes as it snaps the series of higher highs and lows from earlier this week.
USDCAD April Range on Radar as U.S. CPI Fails to Sway Fed Outlook
USD/CAD may stage a larger rebound following the updates to the U.S. Consumer Price Index (CPI) as the exchange rate initiates a fresh series of higher highs and lows.
EUR/USD Fails to Test 2019-Low as U.S. Durable Goods Orders Disappoint
EUR/USD fails to test the 2019-low (1.1176) following the U.S. Durable Goods Orders report, with the exchange rate still tracking the range from the previous month.
Gold Price Forecast: Bearish Sequence Snaps Ahead of 2019-Low
Gold may stage a larger rebound over the coming days as the price of bullion snaps the series of lower highs & lows from the previous week.