Bitcoin (BTC), Ethereum (ETH) Sell-Off Into The Weekend, Support Looks Increasingly Fragile
The cryptocurrency market remains under pressure and looks primed to test recent support levels
WTI Crude Oil Outlook Remains Constructive, $70 is the Line in the Sand
The technical outlook for WTI crude oil continues to be positive, but for the bullish scenario to play out in the short-term, prices will need to remain above cluster support near the $70.00 area.
Weekly Fundamental Australian Dollar Forecast: Nothing to Like, No Saving Grace
The third week of July brings about a quieter economic calendar for Australia; there are zero ‘high’ rated events on the DailyFX Economic Calendar.
Gold Price Forecast: XAU/USD Up for 4 Weeks Straight – Now What?
Gold price action closed out the week on its back foot but was able to eek out its fourth weekly consecutive gain nevertheless. Here are the noteworthy technical levels weighing on XAU/USD.
British Pound (GBP) Weekly Forecast: On Alert for Comments from BOE Members
Hawkish comments from BOE members keep GBP/USD and EUR/GBP within range
Euro Price Forecast: EUR/USD Plunge Stalls Ahead of Technical Support
Euro plunged more than 4% off the May high with the sell-off losing steam into support near the yearly lows. The levels that matter on the EUR/USD weekly chart.
Gold Price & Silver Outlook: XAU and XAG Trading Bias is Lower
Gold has been relatively strong but at a point where it may pull back; silver chart generally looks bearish.
GBP/USD Technical Analysis: Weakness to Continue
Cable is set up to trade lower towards an important intermediate-term area of support, possibly worse.
Tech, fossil fuel industries can use accounting to cut book tax
Deductions from capital investments made by technology companies such as Amazon.com may result in book tax initially, but this would be credited against income taxes in later years.
Amazon could poach $605 million in revenue from grocery rivals
Amazon.com could siphon as much as $605 million in cumulative revenue from grocery-store rivals in a 3-mile radius, with our analysis of store overlap showing Trader Joe’s, Whole Foods and Sprouts the most affected.