Crude oil prices may turn higher while gold pulls back from recent highs as commodity markets digest recent volatility into the end of the trading week.
Gold prices area struggling to break from a choppy range despite market turmoil as the US Dollar remains broadly resilient, capping scope for anti-fiat asset gains.
GBPUSD fell sharply Tuesday, hitting levels last seen in April 2017, despite slightly better-than-expected UK jobs and wages data. And the charts provide no support as yet.
The US Dollar has seen a different tonality so far in July, but a short-term theme of strength runs counter to an intermediate-term scenario of weakness.
Crude oil prices broke resistance capping them since April, buoyed by a dovish Fed and a sharp drop in inventories. Surly OPEC commentary may not cool the rally.
Gold prices edged past two-month support before much-anticipated Congressional testimony from Fed Chair Powell and the release of June FOMC meeting minutes.
Crude oil prices may retreat as market-wide risk appetite cools before much-anticipated testimony from Fed Chair Powell and the release of June FOMC meeting minutes.
Gold prices may struggle to capitalize on soft ISM data stoking global slowdown fears as the US Dollar reclaims support from haven-seeking capital flows.
The US Dollar has posed a mild gap with a bounce to start Q3 trade, but are USD bears prepared to hibernate in the second half of the year?
A riveting Q2 is nearing its end, but can the US Dollar breakdown that began in June continue into the second-half of the year?
Crude oil prices may turn lower if worried comments from Fed Chair Jerome Powell spook markets even as scope for a more dovish policy outlook is diminished.
Last week was big for the US Dollar, but with only a week left until the Q3 open – can sellers continue to push? Both EURUSD and AUDUSD are set up.
Gold prices surged to a six-year high amid swelling Fed interest rate cut speculation, but the moves underlying forces may bring about its own undoing.
Gold price chart positioning hints that a top may be in the works ahead of the upcoming FOMC meeting after last weeks capitulation at 14-month highs.
The single currency remains under downside pressure as 5-yr/5-yr Euro-Zone inflation expectations hit another record low, leaving the ECB in a precarious situation.
The US Dollar came into the month of June screaming-lower, but has since found support. Next week's FOMC looms large, will buyers be able to hold the bid?
Gold prices were unable to capitalize as jittery financial markets rediscovered the haven appeal of the US Dollar. More of the same looks likely ahead.
GBPUSD is benefitting from further weakness in the US dollar and is pushing back to levels last seen three-weeks ago.
The US Dollar has finally found some element of support at a key Fibonacci level which is confluent with the 200-day moving average. Can it hold?
Explosive gold price gains may be fleeting as market turmoil continues even as traders run out of room to price in a more dovish Fed, allowing the US Dollar to rebound.