Are Gold Prices Losing their Luster? What is Copper Telling Traders?
To find a period commensurate with current conditions, you may have to look at the post-Global Financial Crisis period in 2009.
Trading Strategies
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 102.63; (P) 103.03; (R1) 103.48; More.. Intraday bias in USD/JPY stays neutral for the moment. But outlook stays bea...
USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.8755; (P) 0.8788; (R1) 0.8819; More…. A temporary low is formed at 0.8756 with today’s recovery, just ahead of 61....
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3540; (P) 1.3606; (R1) 1.3672; More… No change in GBP/USD’s outlook as consolidation from 1.3702 temporary top is ...
US Dollar Outlook: USD Breakdown Fizzles into 2021 Open- DXY Levels
The Dollar sell-off extended into the yearly open with the index stalling into long-term downtrend support. Here are the levels that ma...
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.2279; (P) 1.2314; (R1) 1.2362; More… Intraday bias in EUR/USD is turned neutral with today’s retreat. Some consoli...
GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Dec 30, 2020 09:00 GMT when GBP/USD traded near 1.36.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stron...
Dow Jones, S&P 500 Continue to Motor Along from Bullish Price Patterns
The U.S. stock market continues to look bullish with the indices breaking out of technical formations to new record highs.
Euro Forecast: EUR/USD Breakout Extends into 2021- Resistance in View
The Euro breakout may be vulnerable in the days ahead as price approaches multi-month uptrend resistance. Here are the levels that matt...
USD/CHF Daily Outlook
Daily Pivots: (S1) 0.8755; (P) 0.8788; (R1) 0.8819; More…. Intraday bias in USD/CHF remains on the downside as down trend continues. Fi...