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.
Gold Price Prepares to Breakout as FOMC Rate Decision Nears
Gold continues to bide its time before its next move with price action tempered ahead of next weeks FOMC rate decision when the Fed is fully expected to start cutting interest rates.
Gold Price Soars Through Resistance, Consolidation Needed Ahead of Next Push
Gold broke out of its recent pennant formation to the upside Thursday and may push even higher although a period of consolidation is needed to strengthen the next move.
GBPUSD Price: Riding the US Dollar Slump, US CPI Ahead
GBPUSD is benefitting from further weakness in the US dollar and is pushing back to levels last seen three-weeks ago.
US Dollar (USD) Price Weakness Continues as Global Growth Prospects Sour
The US dollar basket (DXY) continues to fall and nears an important support level. With US payroll data (NFPs) released on Friday, will this technical level be respected？
US Dollar Price Forecast: FOMC Minutes May Stoke Bearish Bias
The US dollar is drifting lower ahead of the latest FOMC minutes, and with US Treasury yields also slipping, a dovish outtake could fuel the next leg lower.
