Gold Price, Silver Price Jump After Saudi Arabia Oil Field Attacks
Gold and silver turned sharply higher after the weekend‘s drone attacks on Saudi oil fields saw tensions in the area ratchet higher with US President Donald Trump warning Iran that he is ’locked and loaded.
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.
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.
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 Rate Reverses Ahead of Monthly-Low Following Fed Symposium
EURUSD reverses course following the Fed Economic Symposium, with the failed attempt to test the August-low (1.1027) raising the scope for a larger rebound.
USDCAD Rebound Unravels Ahead of Fed Symposium Amid Sticky Canada CPI
USDCAD pullbacks ahead of the Fed Economic Symposium as Canadas Consumer Price Index (CPI) comes in stronger-than-expected in July.
Canadian Dollar Price Outlook: USD/CAD Faces Data and Central Bank Risks
The latest look at Canadian inflation data today will help guide USD/CAD traders but with the today‘s FOMC minutes and Fed Powell’s speech on Friday, the pair may be in for a rocky ride.
AUDUSD Monthly Range on Radar Ahead of Fed Economic Symposium
The monthly opening range sits on the radar for AUDUSD as attention turns to the Kansas City Fed Economic Symposium in Jackson Hole, Wyoming.
GBP Price Outlook: Driven by Brexit and Fed Chair Powell - Webinar
UK asset markets are in a limbo this week with little hard UK data to look forward to. Later in the week, the FOMC minutes and on Friday, FOMC chair Jerome Powell speaks at the Jackson Hole Symposium.
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 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.
Crude Oil and Gold Prices May Fall Further on BOE Rate Decision
Gold prices may fall – making good on technical clues pointing to topping – as the Federal Reserve shies away from endorsing the markets ultra-dovish policy outlook.
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 Carves Lower Highs and Lows Ahead of Fed Rate Decision
USDCAD initiates a fresh series of lower highs and lows, with the exchange rate at risk for a further decline as the Federal Reserve is expected to deliver a rate cut.
Gold Prices May Fall as the Fed Falls Short of Dovish Market Hopes
Gold prices may fall – making good on technical clues pointing to topping – as the Federal Reserve shies away from endorsing the markets ultra-dovish policy outlook.
Gold Price Outlook: Support Holds, FOMC-Fuelled Breakout Looms
The daily gold price chart shows the recent uptrend support line holding firm while resistance now looks increasingly vulnerable. Will the FOMC break the impasse？
GBPUSD Crumbles as The US Dollar Continues its Pre-FOMC Run
GBPUSD now back at lows last seen over 27 months ago driven by a combination of Brexit fears and a rampant US dollar.
Post-ECB EURUSD Rate Outlook Hinges on FOMC Forward Guidance
The Federal Reserve interest rate decision may fuel a more meaningful rebound in EURUSD as the central bank is widely expected to alter the path for monetary policy.