Gold and silver turned sharply higher after the weekend‘s drone attacks on Saudi oil fields saw tensions in the area ratchet higher with US President Donald Trump warning Iran that he is ’locked and loaded.
EURUSD fails to test the 2019-low (1.0926) following the ECB meeting, with the Relative Strength Index (RSI) breaking out of the bearish formation carried over from June.
Updates to the US Consumer Price Index (CPI) may keep USDCAD afloat as the figures are anticipated to highlight sticky inflation.
Recent developments in the Relative Strength Index (RSI) foreshadow a further decline in USDCAD as the indicator snaps the bullish formation carried over from July.
EURUSD may stage a larger rebound over the coming days as signs of a slowing economy puts pressure on the Federal Reserve to reverse the four rate hikes from 2018.
The price of gold may continue to exhibit a bullish behavior as the Relative Strength Index (RSI) approaches overbought territory.
EURUSD reverses course following the Fed Economic Symposium, with the failed attempt to test the August-low (1.1027) raising the scope for a larger rebound.
USDCAD pullbacks ahead of the Fed Economic Symposium as Canadas Consumer Price Index (CPI) comes in stronger-than-expected in July.
The latest look at Canadian inflation data today will help guide USD/CAD traders but with the today‘s FOMC minutes and Fed Powell’s speech on Friday, the pair may be in for a rocky ride.
The monthly opening range sits on the radar for AUDUSD as attention turns to the Kansas City Fed Economic Symposium in Jackson Hole, Wyoming.
UK asset markets are in a limbo this week with little hard UK data to look forward to. Later in the week, the FOMC minutes and on Friday, FOMC chair Jerome Powell speaks at the Jackson Hole Symposium.
EURUSD may continue to consolidate over the coming days as the Federal Open Market Committee (FOMC) tames speculation for a rate easing cycle.
EURUSD is trading at lows last seen over two years after breaking noted support at 1.1107. While the outlook remains weak for the pair, the market is flashing a short-term oversold signal.
Gold prices may fall – making good on technical clues pointing to topping – as the Federal Reserve shies away from endorsing the markets ultra-dovish policy outlook.
EURUSD searches for support ahead of the US Non-Farm Payrolls (NFP) report as the Federal Reserve tames speculation for a rate easing cycle.
USDCAD initiates a fresh series of lower highs and lows, with the exchange rate at risk for a further decline as the Federal Reserve is expected to deliver a rate cut.
Gold prices may fall – making good on technical clues pointing to topping – as the Federal Reserve shies away from endorsing the markets ultra-dovish policy outlook.
The daily gold price chart shows the recent uptrend support line holding firm while resistance now looks increasingly vulnerable. Will the FOMC break the impasse?
GBPUSD now back at lows last seen over 27 months ago driven by a combination of Brexit fears and a rampant US dollar.
The Federal Reserve interest rate decision may fuel a more meaningful rebound in EURUSD as the central bank is widely expected to alter the path for monetary policy.