Share: WTI crude oil remains pressured at the lowest levels in 13 days, prints four-day downtrend. 100-EMA, one-month-old ascending support line challenge energy bears. Looming bear cross on MACD, RSI retreat keeps Oil sellers hopeful. Oil price … [Continue reading]
GBP/USD Price Analysis: Cable buyers remain cautious below tested 1.2470 resistance
Share: GBP/USD struggles to defend latest gains, prints mild losses while snapping two-day uptrend. Clear downside break of one-month-old previous support line joins sluggish MACD signals, steady RSI to tease sellers. 100-EMA, ascending support … [Continue reading]
EUR/USD bulls holding in the 1.09s front side of bullish trend
Share: EUR/USD has found its footing in the daily trendline support. Bears eye a break below 1.0910 that will open risk to 1.0830 structure. EUR/USD is down some 0.16% after falling from a high of 1.0984 and reaching as low as 1.0917 as the … [Continue reading]
USD/JPY seems fundamentally overvalued – Danske Bank
Share: Analysts at Danske Bank see the USD/JPY as overvalued and expected it to drop to 127.00 in a three-month period. Key quotes: “USD/JPY seems fundamentally overvalued, and together with our base case of monetary policy tightening … [Continue reading]
Dogecoin price provides DOGE holders last opportunity before 45% rally
Share: Dogecoin price could trigger a massive upswing on April 20 due to the 420 hype. Investors can expect DOGE to rally 22% - 45% targeting crucial hurdles. On-chain data agrees with the technical aspects and forecasts a move to $0.1270. A daily … [Continue reading]
Gold Futures: Extra rebound on the cards
Share: Open interest in gold futures markets rose by just 300 contracts on Tuesday after two daily drops in a row according to preliminary readings from CME Group. Volume, instead, shrank for the second straight session, now by more than 105K … [Continue reading]
S&P 500 Futures retreat amid geopolitical fears, sluggish yields, Fedspeak, China eyed
Share: S&P 500 Futures ease from 11-week high, snaps two-day winning streak. US 10-year, two-year Treasury bond yields remain sluggish after the first daily loss in four. Fears of Taiwan invasion, hawkish Fed talks and anxiety surrounding US … [Continue reading]
AUD/USD defies hawkish Fed officials, surges on soft USD and falling bond yields
Share: Hawkish comments by Fed policymakers capped the Australian Dollar rally. China’s economic data foreseeing solid growth is a tailwind for the AUD/USD. RBA minutes showed that their latest meeting decision was a hawkish hold. AUD/USD caps its … [Continue reading]
Gold Price Forecast: XAU/USD rebounds from the 20-day SMA to $2,010
Share: Gold rises after a sharp correction on a quiet day. XAU/USD found support above the 20-day SMA. US Dollar falls across the board ending a two-day rally. Gold price rose $2,011/oz after the beginning of the American session, reaching a fresh … [Continue reading]
EUR/USD Price Analysis: Recovery targets 1.1000 and above
Share: EUR/USD leaves behind two sessions in a row with losses on Tuesday. Extra gains are expected to retarget the key 1.1000 mark in the near term. EUR/USD manages to regain upside traction and approaches the key 1.1000 region on turnaround … [Continue reading]