The GBPUSD is trading up and down today, but the move to the upside today stalled near the 100/200 hour MAs near 1.2154 area. Recall, that area stalled the rally on Wednesday as well. The subsequent fall, in the US afternoon session, has taken the price back toward the swing area near 1.2105 and 1.21109.
AUD/USD OUTLOOK: AUD/USD rebounds following last week’s sell-off The rally in U.S. equities boosts appetite for riskier currencies Despite today’s moves in FX markets, geopolitical tensions in the Middle East create a challenging backdrop for the Australian dollar Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the
Gold and Silver: Near-Term Technical Update Gold and silver prices ready to wrap up a strong week? XAU/USD and XAG/USD still remain broadly bearish What are the key points to watch ahead of the weekend? Recommended by Daniel Dubrovsky Get Your Free Gold Forecast XAU/USD Analysis Gold prices are aiming higher heading into early European
GOLD PRICE OUTLOOK Gold prices turn lower following hotter-than-expected U.S. CPI data Sticky inflationary pressures boost Treasury yields and the U.S. dollar, creating a challenging environment for precious metals This article looks at XAU/USD’s key technical levels worth keeping an eye on over the coming trading sessions Trade Smarter – Sign up for the DailyFX
Australian Dollar, AUD/USD, AUD/JPY – Near-Term Technical Update: Recommended by Daniel Dubrovsky Get Your Free AUD Forecast In recent days, the Australian Dollar has been aiming higher of late with some mixed progress among major currency pairs. Looking at the daily chart below, AUD/USD has turned cautiously higher have positive RSI divergence persisted. The latter
British Pound, GBP/USD, EUR/GBP – Technical Update: Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound has been making upside progress against the US Dollar and Euro. With regards to GBP/USD, the past 3 trading sessions have produced a gain of about 0.9%. This is marking the best 3-day performance since the
Euro, EUR/USD, Technical Analysis, Retail Trader Positioning – IGCS Update Euro experienced best 2 days since the middle of September Recently, retail traders have started to build downside bets While that may be a bullish signal, downtrend remains intact Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The Euro climbed for a second trading
SILVER PRICE OUTLOOK: Silver prices fall modestly despite U.S. dollar softness. Traders remain cautious ahead of key U.S. labor market data. The September NFP report, due out on Friday, will be key for financial markets. Most Read: US Jobs Report Preview – What’s in Store for Nasdaq 100, USD, Yields, and Gold? Silver prices fell
Canadian Dollar, USD/CAD, Technical Analysis, Retail Trader Positioning – IGCS Update Canadian Dollar heading for worst 2-weeks since mid-February Meanwhile, retail traders continue to increase downside exposure USD/CAD achieves key bullish breakout, but momentum fading Recommended by Daniel Dubrovsky Get Your Free USD Forecast The Canadian Dollar is heading towards its worst 2-week period against
GOLD PRICE OUTLOOK: Gold prices traded slightly higher on Wednesday on U.S. dollar softness ahead of key U.S. economic data. The September U.S. employment report will steal the spotlight on Friday and will be key for financial markets. This article looks at XAU/USD’s key technical levels worth watching in the coming days. Most Read: USD/JPY
