FX

Gold remains on track to close the fourth straight day in the positive territory. Next key resistance for XAU/USD is located at $1,800. Gold could lose its bullish momentum if sellers drag the price below 100-day SMA. Following the decisive rebound witnessed in the second half of the previous week, XAU/USD continued to edge higher

Gold price takes a breather after the recent rally, as focus shifts to Fed minutes. In the view of FXStreet’s Dhwani Mehta, XAU/USD is set to eye further upside above the $1795-$1797 region. Investors reassess Fed’s hawkish moves “Gold price is struggling below the 100-DMA barrier at $1790 this Monday, partly lagged by the broad-based

CareDx, CrowdStrike, Fate, Therapeutics, HDFC Bank, Spotify Elliott Wave Technical Analysis: Elliottician is Alessio Barretta TradingLounge CareDx Inc.,CDNA: Daily Chart, We were expecting an incoming wave 4. CrowdStrike Inc.,CRWD: Daily Chart, we were expecting further upside to continue wave iii) Fate Therapeutics IncFATE: Daily Chart, We were expecting a resumption of the trend to start wave iii) HDFC

GBP/USD analysis: Reaches below 1.3750 The 1.3820 level provided enough resistance for the GBP/USD to pass below the lower trend line of the channel down pattern, which guided the rate since June 23. During Friday’s trading hours, the rate fluctuated sideways near the 1.3750 mark. In theory, the pair should decline, as it has no

Previewing the FOMC’s June meeting minutes, which will be published on July 7, “we will be looking for elaboration on the potential timeline for tapering after the relatively hawkish dot plot and press conference,” said TD Securities analysts. Key quotes “What will constitute “substantial further progress”? What is meant by “we will provide advance notice

EUR/JPY failed to capitalize on the previous day’s gains and remained muted on Friday. The Euro remained grounded on upbeat economic data and ECB optimistic view on the economy. Yen flattered against majors on weaker economic recovery and spread of the highly contagious Delta variant. EUR/JPY remains muted on Friday in the European trading hours.

USD/CAD reversed its direction after pushing lower earlier in the day. US Dollar Index extends rally beyond 92.50 on Thursday. WTI pulls away from multi-year highs, remains on track to post strong daily gains. After dropping to a daily low of 1.2381 during the European trading hours, the USD/CAD pair staged a decisive rebound in

Gold price is building on Wednesday’s rebound from two-month lows of $1750, although the bulls seem to lack follow-through momentum, as the US dollar holds the higher ground. The risk-off sentiment remains at full steam amid growing concerns over the rapid spread of the Delta covid strain, especially in the Asia-pac region. Meanwhile, rising expectations

AUD/USD bears taking control and breaking critical monthly support. A monthly close below the monthly prior lows will be a significant development.  As per the prior analysis,  AUD/USD Price Analysis: Bears need to contemplate monthly support, the price was initially respecting the monthly demand area before bears took back control at critical 4-hour resistance.  Prior analysis,

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Following its meeting on Tuesday, the OPEC+ Joint Technical Committee (JTC) made no policy recommendation, Reuters reported, citing two OPEC+ sources. The JTC also reportedly left its 2021 global oil demand growth forecast unchanged at 6 million barrels per day. Meanwhile, OPEC+ has moved the Joint Ministerial Monitoring Committee (JMMC) meeting to July 1 from June

Gold rebounds from intraday low, prints two-day downtrend. Firmer US dollar weighs on the commodities during quiet session. Covid, Sino-American headlines join mixed Fedspeak to back the bears. Chart of the Week: Gold meets critical landmark Gold (XAU/USD) regains $1,778 during the bounce off an intraday low as European traders prepare for Tuesday’s bell. Even

Thomas Barkin, President of the Richmond Federal Reserve Bank, said on Monday that he is pretty optimistic about the labor market and added that he expects to see progress “in relatively short order,” as reported by Reuters. “The Fed has had substantial further progress against the inflation goal,” Barkin further noted and said he wants to

Investors trimmed their open interest positions by around 3.3K contracts at the end of last week, as per advanced prints from CME Group. On the flip side, volume reversed three consecutive daily drops and increased by nearly 122K contracts. WTI clinches new 2021 highs The rally in the West Texas Intermediate remains well and sound

What you need to know on Monday, June 27: The dollar advanced on Friday on the back of higher US PCE inflation, which rose in May 3.4% YoY, its highest reading in almost three decades.  Gains however were modest and the dollar ended the week with modest losses. US stocks soared, with the Nasdaq and

Boston Federal Reserve President Eric Rosengren said on Friday that they have to think about some of the side effects of a low-for-long interest rate strategy, as reported by Reuters. “Monetary policy may not be able to be accommodative for as long if financial stability risks are not addressed,” Rosengren further argued. “I’m worried that if

GBP/USD Weekly Forecast: UK GDP, Delta covid strain woes may exacerbate BOE-led pain GBP/USD hit by dovish BOE, Delta plus covid strain despite Fed’s mixed signals. The cable’s fate hinges on UK quarterly GDP, Brexit updates and US data. GBP/USD decline is far from over, speculative interest aims to 1.3660. Central banks’ monetary policy signals

USD/JPY bounces off intraday low, remains pressured around 15-month high. Bearish candlestick below important resistances backs further consolidation of gains. Two-month-old rising channel, bullish MACD keep buyers hopeful. USD/JPY pares intraday losses around 110.85 as European traders prepare for Friday’s bell. The risk barometer pair jumped to the highest since March 2020 the previous day