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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 Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor mark...
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 action or chart patterns, check out our DailyFX Education section. June was brutal for Gold, with the y...
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 grapples with the 200-day SMA? The Euro performed well against the US Dollar through the first two months...
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 grapples with the 200-day SMA? The Euro performed well against the US Dollar through the first two months...