Dollar Soft as Markets Await Fed Chair Powell Testimony, Oil Jumps
Dollar stays generally soft in Asian session today as markets await Fed Chair Jerome Powell’s testimony. The topics of inflation and su...
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Gold, Silver Forecast: Powell's Testimony to Underpin XAG/USD, XAU/USD
Federal Reserve Chair Jerome Powell’s semi-annual testimony before Congress, and US fiscal stimulus progress, may trigger further gains...
Gold Price Forecast: GLD Jumps from 7-Month Low, Can XAU Bulls Drive?
Gold prices are extending a bullish run from a big zone of support. But, is this a true change in trend or just another bear market bou...
US Dollar Forecast: Back to the Year-Long Downtrend – Levels for DXY Index, USD/JPY
The US Dollar (via the DXY Index) continues to contend with its pandemic trendline, a magnet for price action throughout February.
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3959; (P) 1.3998; (R1) 1.4043; More…. With 1.3950 minor support intact, intraday bias in GBP/USD stays on the upsi...
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.2085; (P) 1.2115; (R1) 1.2148; More… Intraday bias in EUR/USD remains neutral as range trading continues. On the u...
USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.8942; (P) 0.8958; (R1) 0.8981; More…. Intraday bias in USD/CHF remains neutral as range trading continues. On the ...
EUR/CHF Mid-Day Outlook
Daily Pivots: (S1) 1.0841; (P) 1.0856; (R1) 1.0879; More…. EUR/CHF’s strong break of 1.0890 resistance argues that consolidation from 0...
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 105.19; (P) 105.47; (R1) 105.69; More.. USD/JPY is staying in consolidation from 106.21 and intraday bias remains ne...
Canadian Dollar Outlook: USD/CAD Threatens Major Breakdown
Loonie is poised for a fourth weekly advance vs the US Dollar with USD/CAD coiling just above critical support. Here are the levels tha...