Page 10 - Technical Forecast News Today

Gold is holding above the key 1800 level after prices drop hard following President Biden renominating Jerome Powell to lead the Federal Reserve. Bullion traders now turn their focus to US PCE data.

It was a big week for US Dollar price action but it’s perhaps an even bigger week ahead given the economic calendar, with both NFP and FOMC on the docket.

Gold prices are under pressure after China growth slowed and New Zealand inflation surged, with investors pricing in more aggressive central bank policy outlooks, which is supporting bond yields.

This weekly forecast delves into "strong vs weak" currency analysis as we compare the high-flying CAD to the weaker US dollar and Yen.

GBP/USD continues to test key technical levels after bulls run into psychological resistance at 1.3600

The New Zealand Dollar fell going into Friday’s APAC session after risk aversion took hold in the US trading session. Safe-haven US Dollar bids weighed on NZD/USD.

Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite 2021-08-03 04:00:00 Thomas Westwater, Analyst Gold, Crude Oil, Commodities – Talking Points Gold prices eye Friday’s US non-farm payrolls report for direction NFP print key to Fed’s economic outlook, Jackson Hole in view Crude oil prices trade down to support at key moving average The price of gold is largely unchanged this week despite a lackluster US Dollar. Last week, gold prices rallied after Fed Chair Jerome P...

Gold Forecast: Gold Tests Resistance, Can Bulls Bring the Break? 2021-07-30 20:00:00 James Stanley, Senior Strategist Gold Technical Forecast: Neutral Gold prices gained this week, helped along by the Wednesday FOMC rate decision. Gold prices are threatening a bullish breakout but, so far, buyers have been unable to test above the key level at the 50% retracement of the June sell-off. The analysis contained in article relies on price action and chart formations. To learn more about price acti...

Euro Q3 Technical Forecast: Weakness on the Horizon? 2021-07-16 02:00:00 Thomas Westwater, Analyst Euro, EUR/USD, Technical Forecast – Talking Points Long-term trendline from 2020 key to sustaining upside price action RSI Divergence and weakening MACD indicate potential weakness ahead To read the full Euro forecast including the fundamental outlook, download our new 3Q trading guide from the DailyFX Free Trading Guides! Long-term trendline enough to keep EUR/USD pacing higher as price grappl...

Euro Q3 Technical Forecast: Weakness on the Horizon? 2021-07-03 22:30:00 Thomas Westwater, Analyst Euro, EUR/USD, Technical Forecast – Talking Points Long-term trendline from 2020 key to sustaining upside price action RSI Divergence and weakening MACD indicate potential weakness ahead To read the full Euro forecast including the fundamental outlook, download our new 3Q trading guide from the DailyFX Free Trading Guides! Long-term trendline enough to keep EUR/USD pacing higher as price grappl...