The latest set of hard Euro-Zone data confirmed the ongoing weakness in the single-block, while German exports crashed to a series low. EUR/USD continues to move lower ahead of Wednesday’s FOMC mee…
Blogs
DAX 30 & Euro Stoxx 50 Outlook: Reaching a Turning Point?
European indices taking a breather from its recent upside. Sizeable retracement raises questions over a turning point.
British Pound (GBP) Latest: GBP/USD Rate Struggles to Break Resistance
The recent strength of GBP/USD is being held back by resistance at the 200-day moving average while the decline in EUR/GBP has halted at trendline support.
Euro Fails at Resistance as Federal Reserve Expands Lending Program
The Euro struggled to close above an important psychological barrier as the Federal Reserve expanded its Main Street Lending Program, pushing EUR/USD into overbought territory
XAU/USD Gains as US Dollar Sinks, Crude Oil Prices May Turn Lower
Gold prices rallied as WTI crude oil struggled to capitalize on gains in the S&P 500. XAU/USD still remains in consolidation with oil appearing at risk to a turn lower.
AUD/USD Rate Eyes July 2019 High as Overbought RSI Reading Persists
AUD/USD may work its way towards the July 2019 high (0.7082) as it extends the series of higher highs and lows from last week, while the RSI sits in overbought territory.
Copper Surges Into Overbought As Silver Erases Yearly Losses
Copper price surge from yearly low triggers overbought readings for the first time since 2018 as Silver eyes February high after erasing yearly losses.
New Zealand Dollar Outlook: AUD/NZD, GBP/NZD, NZD/CHF
The New Zealand Dollar may rise versus the Australian Dollar with GBP/NZD facing the risk of a deeper selloff as NZD/CHF approaches what could be a key turning point.
Gold Price Fails to Clear May Low Ahead of FOMC Rate Decision
The price of gold retraces the decline following the unexpected rise in US Non-Farm Payrolls (NFP) as the Federal Reserve expands the Main Street Lending Program.
WTI Crude Oil Turns to Growth Trends as OPEC Bounce Fades
Crude oil prices rallied following news that OPEC agreed to extend record production cuts, but tightened supply is only half the problem in a world of dwindling demand.