Gold Price: Dead Cat Bounce Ahead of Powell’s Speech
The rebound was natural after its massive drop. XAU/USD could test and retest the resistance levels before going down. A new lower low activates more declines. The gold price turned …
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AUD/USD Weekly Forecast: RBA to Hike Rates Amid Hotter CPI
The US avoided a debt default, allowing risk appetite to return to the markets. The dollar fell on indications of a Fed pause in June. Markets are expecting another rate …
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Gold Price Attracting Longs Above $1,954, Focus on Key Events
The XAU/USD rally is natural after the last sell-off. USD’s depreciation lifted the XAU/USD. The BOC could have a big impact tomorrow. The gold price turned to the upside after …
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Gold Price Continues Downside After Lower Canadian Inflation
The bias is bearish, so a further drop is expected. A new lower low activates more declines. The S1 is seen as a potential target. The gold price extended its …
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ADP NFP beats with a whopping 250K – USD tries recovering
Excellent jobs report by ADP: no less than 250K private sector jobs were gained in the US in December. The figure for November was only slightly revised down from 190K …
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EUR/USD Weekly Outlook: US NFP Reports Lesser than Expected Jobs
The Fed unanimously decided to keep interest rates unchanged at the last meeting. The US released a mixed employment report. Although the US added fewer jobs than expected, the unemployment …
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GBP/USD Outlook: Pound Strengthens as Dollar Slides vs. Yen
The dollar fell amid a rush into the yen. The pound depreciated by nearly 1% against the dollar last week. The Bank of England will convene next week for discussions …
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Gold Price Aiming for Fresh Lows Below $1,900 as Dollar Soars
The bias is bearish as the USD dominates the currency market. The channel’s downside line is seen as a potential major target. The US data could shake the price later …
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USD/CAD Outlook: Dollar Edges Higher with 0.3% Weekly Loss
Powell stated that the robust US economy might necessitate stricter borrowing conditions. US crude oil futures settled at $89.37 per barrel, rising 1.2% on Thursday. Canadian producer prices rose by …
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Gold Price Tops Near Major Resistance After Fed Speech
XAU/USD is strongly bullish after failing to retest the uptrend line. A new lower low activates a corrective phase. The Canadian retail sales could move the rate today. The gold …
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