Gold prices have been consolidating in sideways fashion for the past month. With limited new information from the Fed regarding the status of the next rate hike, gold prices have found a comfortable range to trade in. Technically speaking, this range could be taking the shape of a triangle. This pattern suggests we’ll look for lower levels to buy into. It is not uncommon for prices to briefly penetrate the triangle’s trend lines. Therefore, ...
US Dollar Forecast – USDollar Range to Extend Unless CPI or Fed Speakers Shift Rate Timing Conditions are extraordinarily quiet across the financial market, and the Dollar is certainly not escaping the lethargy. Japanese Yen Forecast – Yen Runs to Resistance as Stimulus Bets Continue to Price-Out The Japanese Yen has been quite the volatile currency of recent. After the Brexit referendum drove the Yen to fresh highs as risk ...
US Dollar Forecast –USDollar Resuscitated by NFPs but Bulls Difficult to Keep Satisfied The Dollar recovered from an initial slip this past week to close the period in the green. However, the fundamental cost to lift the Greenback was remarkably high. It will be difficult for the currency to keep buoyant – much less maintain the pace of the rebound – heading into the coming week. British Pound Forecast – Post-BoE GBP/USD Weakness to Persist; Downside Targets in Focus ...
US Dollar Forecast – US Dollar Looks to Fed, US GDP, Struggling Euro and Yen to Guide It The USDollar has advanced for five consecutive weeks – although the pace hardly resembles the unconstrained bull trend through the first quarter of 2015. Japanese Yen Forecast – USD/JPY July Recovery at Risk on Wait-and-See FOMC/BOJ Policy The diverging paths between the Federal Open Market Committee (FOMC) and the Bank of Japan (BoJ) ...
US Dollar Forecast – USDollar Keeps Range Despite Fading Fed Outlook, Rising Risk Appetite The Dollar has maintained a remarkably tight range for three week range for three weeks running. The 80-point range on USDollar below 12,050 is equivalent to the average daily range of the index on a 20-day rolling basis. British Pound Forecast – British Pound Rallies but We’re Not Buying – Further Losses Likely The British Pound ...
Archive
Go to Profile
Mark as Read