Hold Above News Today

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The price of oil may mirror the price action from August if crude struggles to hold above the 50-Day SMA ($88.08).

EUR/USD may continue to give back the rebound from the yearly low (0.9864) as the exchange rate appears to be tracking the negative slope in the 50-Day SMA (1.0107).

USD/CAD may continue to give back the advance from the August low (1.2728) if the exchange rate fails to hold above the 50-Day SMA (1.2954).

USD/JPY may face a larger pullback ahead of the update to the US Consumer Price Index (CPI) as the exchange rate struggles to hold above the 50-Day SMA (134.99).

AUD/USD may mirror the price action from last month as the exchange rate struggles to hold above the 50-Day SMA (0.6969).

Data prints coming out of the US may keep EUR/USD under pressure as the Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market.

It was a big week for the USD, but bulls were unable to do much on this morning's test of a fresh yearly high. The focus now moves to next week's CPI.

USD/CAD Recovery Unravels Amid Failure to Hold Above 50-Day SMA 2021-03-03 16:00:00 David Song, Strategist Canadian Dollar Talking Points USD/CAD struggles to retain the advance from the February low (1.2468) as Federal Reserve officials show little interest in adjusting the path for monetary policy, and the exchange rate may continue to pullback from the 50-Day SMA (1.2718) as it extends the series of lower highs and lows from earlier this week. Advertisement USD/CAD Recovery Unravels Amid Fai...

Add to Bookmarks Near the end of 2020, my research team identified trends, pullbacks, and overall upward/downward trends in US major markets as well as those for Gold and Silver.  It is time we revisited these early 2021 predictions in relation to what is happening in the markets currently. You can revisit our original publication entitled At the time we made these predictions, we were unaware of the global phenomenon, the Reddit #wallstreetbets movement, that was taking place.  Our expectat...