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Gold Price Forecast: Double Bottom Validation Signals Further Gains on Offer 2021-04-28 03:00:00 Daniel Moss, Analyst Gold, XAU/USD, Bull Flag, Double Bottom, IGCS – Talking Points: Gold’s recent slide lower looks to be a temporary set-back. A weekly Bull Flag continuation pattern, and daily Double Bottom reversal hint at further gains for the anti-fiat asset. Gold prices have stormed higher in April, climbing over 7% to push to the highest levels since late-February. Although the commodity has slipped lower in recent days the long-term outlook continues to hint at extended gains ahead....

Canadian Dollar Forecast: Oil Prices, Covid-19 Infections May Weigh on CAD 2021-04-28 07:00:00 Daniel Moss, Analyst Canadian Dollar, USD/CAD, Crude Oil, Coronavirus Restrictions, IGCS – Talking Points: Equity markets crept cautiously higher during APAC trade ahead of tomorrow’s FOMC meeting. Stagnating crude oil prices and a flurry of coronavirus restrictions may limit the Canadian Dollar’s upside potential. Potential Double Bottom pattern could trigger a bullish reversal for USD/CAD rates. Asia-Pacific Recap Equity markets traded cautiously higher during the Asia-Pacific trading ses...

The Bank of Japan’s upgraded GDP forecasts pushed JPY higher against USD however, the central bank’s dovish stance and a slew of coronavirus restrictions will likely keep the currency on the back f...

British Pound Price Forecast: Reopening Optimism to Drive GBP/USD Higher 2021-04-27 07:00:00 Daniel Moss, Analyst British Pound, GBP/USD, UK Reopening, Coronavirus Infections, Vaccination Rates – Talking Points: Climbing coronavirus case numbers in several Asian nations weighed on risk appetite during APAC trade. Reopening optimism may drive the British Pound higher against its major counterparts in the near term. GBP/USD poised to extend gains as price remains constructively positioned above key support. Asia-Pacific Recap Equity markets lost ground during Asia-Pacific trade as climbing...

US Dollar Price Forecast: DXY to Slide Lower Ahead of FOMC Rate Decision 2021-04-26 07:00:00 Daniel Moss, Analyst US Dollar Index, DXY, FOMC, US Q1 GDP, US 10-Year Treasury Yields – Talking Points: Equity markets lost ground during APAC trade as investors look towards a series of US corporate earnings releases. The FOMC’s dovish stance may limit the US Dollar’s upside against its major counterparts. US Dollar Index (DXY) poised to slide lower as prices challenge key range support. Asia-Pacific Recap Equity markets slid lower during Asia-Pacific trade ahead of a slew of significant co...