USDCAD Forecast: RSI Snaps Bullish Formation Following BoC Meeting
Recent developments in the Relative Strength Index (RSI) foreshadow a further decline in USDCAD as the indicator snaps the bullish formation carried over from July.
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.
EURUSD Slides to Two-Year Low, Oversold Signal Flashing
EURUSD is trading at lows last seen over two years after breaking noted support at 1.1107. While the outlook remains weak for the pair, the market is flashing a short-term oversold signal.
EURUSD Vulnerable to Larger Pullback on Strong US Job/Wage Growth
Updates to the US Non-Farm Payrolls (NFP) report may keep EURUSD under pressure as the economy is anticipated to add 160K jobs in June.
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.
USDCAD Breakout Stalls Ahead of US NFP Report as GDP Fails to Impress
USD/CAD may continue to consolidate ahead of the U.S. Non-Farm Payrolls (NFP) report on tap for May 3 as it snaps the series of higher highs & lows from earlier this week.
Gold Prices Risk Larger Rebound Amid Failed Attempts to Test 2019-Low
Gold pares the decline from earlier this week following the U.S. NFP report, with the price for bullion marking another failed attempt to test the 2019-low ($1277).
EUR/USD Rate to Hold 2019 Range on Another Dismal NFP Report
Another below-forecast NFP print may spark a short-term rebound in EUR/USD as it puts pressure on the Federal Reserve to reverse the four rate-hikes from 2018.
USD/JPY Retail Longs Surge Even as Bullish Momentum Abates
The recent rebound in USD/JPY has sparked a further adjustment in retail interest even as the RSI threatens the bullish formation from earlier this year.