NZD/USD pair traded volatile during Friday's session, clearing all of its daily gains. Pair initially soared to a high around 0.5970 near the 20-day SMA before erasing all the gains towards 0.5850. The RSI signaled that buying pressure recovered as … [Continue reading]
Silver Price Forecast: XAG/USD remains bearish biased, dips below $30.30
Silver struggles to maintain momentum, hovering near the 100-day SMA at $30.34 with a downward bias. Potential further decline could see silver test key supports at $30.00 and the 200-day SMA at $28.63. A rebound above $31.00 could challenge higher … [Continue reading]
US Dollar retreats and consolidates after Retail Sales and Powell’s words
The USD retreated on Friday after hitting yearly highs near 106.60. The market has responded to Fed Chair Powell's comments with odds of a December cut falling to 60%. Retail Sales expanded by 0.4% in October vs. the previous month, surpassing … [Continue reading]
Ethereum Price Forecast: ETH could stage 60% rally despite recent decline
Ethereum price today: $3,090 Ethereum's rising exchange reserve and decreasing on-chain activity are potentially responsible for its recent price decline. Ethereum ETFs halted their inflow streak after recording outflows of $3.2 million. Ethereum … [Continue reading]
Dow Jones Industrial Average backslides 300 points on bearish Friday
The Dow Jones fell seven-tenths of a percent on Friday. Stocks are paring back recent election-fueled gains. US Retail Sales beat forecasts, but still grew by a smaller amount in October. The Dow Jones Industrial Average (DJIA) trimmed it’s recent … [Continue reading]
Gold marks sixth-day of losses on Powell’s slightly hawkish rhetoric
Gold price dips below $2,570 head for an over 4% weekly decline. Jerome Powell indicates the Fed is cautious about cutting rates despite positive US economic indicators. Investors adjust expectations for a December rate cut, with likelihood dropping … [Continue reading]
Canadian Dollar sheds further weight, slides into fresh multi-year lows
The Canadian Dollar continued its march lower on Friday. Canada remains inconsequential on the economic calendar. CAD traders to wait for next Tuesday’s Canadian CPI print. The Canadian Dollar (CAD) found fresh lows on Friday as broader markets … [Continue reading]
United Kingdom CFTC GBP NC Net Positions up to £56.1K from previous £45.1K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Australia CFTC AUD NC Net Positions fell from previous $31K to $29.8K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
GBP/USD Price Forecast: Stumbles on soft UK data, bears target 1.2600
GBP/USD remains under pressure, testing significant support levels after crossing below the 200-day SMA. Further downside may see the pair target 1.2600 and potentially extend to May's low of 1.2445. Recovery above 1.2700 could challenge resistance … [Continue reading]