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 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 Monthly Low as FOMC Adjusts Interest Rate Forecast
USDCAD appears to be on track to test the monthly-low (1.3238) following the Federal Reserve meeting as the exchange rate initiates a series of lower highs and lows.
EURUSD Rate Breakout Undermined by Dovish ECB Forward Guidance
EURUSD struggles to hold its ground ahead of the Fed rate decision as ECB President Mario Draghi endorses a dovish forward-guidance for monetary policy.
Gold Price Forecast: RSI Triggers Overbought Signal Ahead of FOMC
Recent price action in gold keeps the topside targets on the radar ahead of the FOMC interest rate decision as the RSI pushes into overbought territory.
USDCAD Rate Rebound Fizzles Ahead of US Retail Sales Report
The rebound in USDCAD appears to be stalling ahead of the US Retail Sales report as the exchange rate fails to extend the recent series of higher highs and lows.
Gold Price Breakout Triggers Overbought RSI Reading
Gold prices may continue to gain ground over the coming days as the Relative Strength Index (RSI) flirts with overbought territory.
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.
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.
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.
EUR/USD Rate Vulnerable to Further Losses on Sticky U.S. Core PCE
Updates to the US Core Personal Consumption Expenditure (PCE) may keep EUR/USD under pressure as the gauge for inflation is anticipated to hold steady at 1.9% in January.
USD/JPY Rate Outlook Mired by Inverting Yield Curve, Wait-and-See Fed
Developments coming out of the U.S. may continue to impact the near-term outlook for USD/JPY amid the inversion in the Treasury yield curve.
FOMC Preview: EUR/USD to Eye Monthly-High on Dovish Forward-Guidance
A material shift in the Federal Reserves forward-guidance may fuel the recent advance in EUR/USD if the FOMC shows a greater willingness to abandon the hiking-cycle.
EUR/USD Rate Risks Larger Rebound as U.S. GDP Forecast Deteriorates
EUR/USD continues to retrace the sharp selloff following the European Central Bank (ECB) meeting as U.S. data prints point to a slowing a economy.
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.