Weekly British Pound Technical Forecast: Bullish Technicals Overcoming Bearish Seasonality
It’s not a seasonally friendly time of the year for the British Pound, a potential headwind among otherwise bullish technical considerations.
Stock Market Forecast for the Week Ahead: Will Risk Appetite Recover?
US equities endured turbulent price action last week and could be positioned for further volatility as fundamental forces butt heads and investors look to negotiate the shifting landscape.
Mexican Peso Weekly Forecast: USD/MXN Drops as Markets Price in Rate Cut Despite Banxico Dismissal of Inflation
USD/MXN drops to 4-month low as odds of a rate cut by December 2020 rise to 50%.
Australian Dollar Technical Analysis: AUD/USD, AUD/JPY, AUD/CAD
AUD/USD remains range-bound but trend potential exists elsewhere in pairs such as AUD/JPY or AUD/CAD.
Euro Forecast: EUR/USD May Struggle if Dovish ECB Talks Numb Data Reactions
The Euro eyes Eurozone GDP, inflation and PMI data next week. However, still-dovish ECB commentary from top officials may dampen the impact of better-than-expected outcomes on EUR/USD.
Gold Price Forecast: Gold Bulls Fire- XAU/USD Major Breakout Awaits?
Gold surged more than 10% off the yearly low with then XAU/USD breakout now eyeing key technical resistance. These are the levels that matter on the Gold weekly chart.
Gold Price Forecast: Bullion Susceptible to Dovish FOMC Minutes
The Federal Open Market Committee (FOMC) Minutes may drag on the price of gold as the central bank appears to be in no rush to switch gears.
WTI Crude Oil Technical Forecast – Channel Meets Big Resistance
WTI crude oil is currently trading up against major resistance via the 2019 and 2020 highs within the confines of a channel; something has to give.
US Dollar Forecast: Greenback Takes Aim at FOMC After Weak Retail Sales
The US Dollar finished off an eventful week after CPI and retail sales injected volatility into markets. FOMC is now in the Greenback’s sights as taper talks linger.
Nasdaq 100 Forecast: Bearish Gartley Pattern Hints at Downward Pressure
The Nasdaq 100 index has likely formed a bearish Gartley pattern, which hints at further downside potential. Negative MACD divergence on the weekly chart suggests that upward momentum may be fading.