EUR/USD is sure to bounce back at some time but for now it’s hard to see anything but further losses as the EU struggles with a third wave of Covid-19 infections and more lockdowns.
The British Pound has had a stellar start to 2021 however, although the currency’s long-term technical outlook remains bullish, fading momentum could lead to a period of consolidation in the week a…
Gold price action was directionless last week as the precious metal was caught between tempered US Treasury yields and a surging US Dollar. Should the two forces continue, XAU/USD might stagnate.
Crude oil price outlook for the week ahead hinges largely on the upcoming OPEC+ meeting. Here are the important technical levels worth watching with potential to guide the direction of oil prices.
The update to the US Non-Farm Payrolls (NFP) report may keep the US Dollar afloat as employment is expected to increase for the third consecutive month.
An outside-week reversal to fresh yearly highs has USD/JPY bulls threatening major uptrend resistance. These are the levels that matter on the weekly technical chart.