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.
France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Jul 09, 2021 09:00 GMT when France 40 traded near 6,535.80.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.
Euro Q3 Technical Forecast: Weakness on the Horizon?
The Euro faces a deteriorating technical outlook for the third quarter despite a supportive long-term trendline from 2020 guiding prices higher.
New Zealand Dollar Forecast: NZD/USD Surges on Red Hot Q2 CPI Print
The New Zealand Dollar gained against the US Dollar and its other peers after a red hot Q2 CPI print, confirming the RBNZ’s hawkish rate outlook.
USD, JPY Strengthen as Bitcoin Threatens a Break – Did Oil Just Top?
It was an abnormally busy summer Thursday but signals are continuing to stack up that a big move may be afoot. Today we look at oil, the Yen and Bitcoin.
Canadian Dollar Technical Analysis: Deeper Setbacks Emerging – Setups in CAD/JPY, USD/CAD
USD/CAD rates are ripping towards a confluence of resistance, while CAD/JPY rates have lost a significant uptrend.