Market narrative
Move between stock news, official company releases, crypto, and FX without losing the path back to ticker research.
Pound Sterling Price News and Forecast: GBP/USD tumbles as risk-off mood boosts the US Dollar
Forex
Falling oil prices put some pressure on the American currency as demand for safe-haven assets declined.
Bank of America remains short EUR/USD and forecasts a fall to 1.12 as US yield support and renewed energy pressures continue to favour the Dollar. Foreign exchange analysts at Bank of America remain tactically short the Euro against the US Dollar, arguing that calm conditions across G10 foreign exchange markets are masking much larger.
Let me walk you through four days, in order, because the sequence matters more than any single piece of it.
Despite the Canadian dollar's recovery attempts in previous weeks, a renewed loss of strength against the U.S. dollar is becoming evident. This is reflected in USD/CAD, which has gained more than 0.2% over the last 2 trading sessions, including the close of last week and the first session of this week.
USD/CAD Price Forecast: Technical outlook remains constructive above 1.4000
In this article, Elev8 broker shares its view on the upcoming Fed decision, suggests key factors to watch, and outlines three potential scenarios for XAUUSD.
Euro: Recovery signals offer limited upside against US Dollar – BBH
Weekly technical outlook – Gold, USD/JPY, GBP/USD [Video]
Euro trims gains as geopolitical risks, Fed outlook support US Dollar
Gold gapped higher to kick off the week, as we are looking at a market that continues to see a lot of interference from external pressures.
It's been surprising to hear how hawkish Kevin Warsh has been so far, but this may be by design, giving the Central Bank head.
Silver gaps higher to kick off Monday as rates dropped again, giving ‘non-yielding assets' a lifeline.
The US dollar softened a bit in the early part of the Monday session, as the missiles in the Middle East have stopped, for the moment.
Weekly forex forecast: EUR/USD, XAU/USD, GBP/USD, USD/JPY, Bitcoin and more [Video]
Euro: Firmer against US Dollar despite slower growth – BNP Paribas
Gold still building the triangle formation as we see over the chart where support at 3960-70 and resistance at 4150-65 market facing Intraday supports at 4080 and 4035 where each support may keep the chance for farther advance to test the resistance trend triangle Below 4035 more drop is likely while support 3960-70 may activate […]
As we see from our previous chart, USDJPY managed to pass above the short-term resistance zone of 161.95 which shows a strong advance still ongoing. Prices fell toward 160.50-70 on the suspected intervention before bouncing back toward target 163.80 Market managed to print above 163.80 which may lead for farther advance later Traders should take […]
GBPUSD also managed to retreat below 1.3320 which may add more drop pressure over market As we see over the Daily chart a possible triangle formation may hold market inside 1.3140-80 support and 1.3480 resistance Below 1.3140 more drops is likely SUPPORT RESISTANCE LEVEL1 1.3300 1.3400-30 LEVEL2 1.3160 1.3555 LEVEL3 1.3010 1.3655
Euro managed to print below support 1.1380 which may add more drop pressure over market As we see over the chart Daily resistance laying at 1.1480 while targets toward 1.1210 and 1.1065 Above 1.1480 more advance toward 1.1620 and above is likely SUPPORT RESISTANCE LEVEL1 1.1310 1.1480 LEVEL2 1.1210 1.1620 LEVEL3 1.1065 1.1685
