Gold Forecast: Markets Fall Through Bottom of Rising Wedge
Remember that there is a severe lack of liquidity at the end of the year and gold can be somewhat volatile. The gold market is in a fairly strong downtrend…
WTI TURNS POSITIVE, HOVERING AROUND $85.00 A BARREL AS THE US DOLLAR TUMBLES
Western Texas Intermediate (WTI) ended the week with a loss of 0.55%. Chinese demand and a soft US dollar supported oil prices. , WTI buyers that fail to break above…
Bank of America lowers euro outlook, predicts pound-dollar parity by year-end
Analysts at Bank of America revised down their previous expectations for key European currencies – the euro and the pound sterling. „A sustained elevated core inflation is pushing the Fed…
USD/CAD Forecast: Continues to Rally
Short-term pullbacks offer the possibility of finding value in the greenback, now I think that it’s likely that we have a “buy on the dip” mantra going forward. The USD/CAD has rallied…
USD/JPY Technical Analysis: Trend is Still Bullish
A surging US dollar threatens to end the nascent rally in the yen, just as speculators have abandoned betting on the Japanese currency. The USD/JPY currency pair started this week’s trading with the…
Gold Forecast: Markets Fall to Kick Off the Week
When you see this chart, you can also see that we have been in a long-term downtrend, and it’s worth noting that the US dollar itself is strengthening based on…
CAD/JPY Forecast: CAD Threatens Breakout Against Yen
The Canadian dollar has rallied a bit during the trading session on Wednesday to show signs of life again, as we are now threatening the ¥105 level. Furthermore, the 50-Day EMA is sitting…