XAU/USD Outlook: Gold is on Track for the Biggest Weekly Drop in 15 Months
Bears are taking a breather on Friday after strong bearish acceleration in past two days started to run out of steam and found a footstep at key Fibo support at $1768 (61.8% of $1677/$1916 rally) and just above the base...
Inflation breakout will drive 10-year Treasury yields above 2% in coming months, Wells Fargo predicts
Treasury yields may be about to break out. Even though yields temporarily fell after this week’s Federal Reserve decision on interest rates, Wells Fargo Securities’ Michael Schumacher expects the benchmark 10-year Treasury Note rate to end the year as high...
Sterling Tumbles on Poor Retail Sales and Rise in Coronavirus Cases
Sterling is among the worst performing currency for today, together with commodity currencies. Poor retail sales data from the UK is weighing on the Pound. Additionally, the resurgence in coronavirus infections, now due to the delta variant, in the UK...
Stocks making the biggest moves in the premarket: Adobe, Smith & Wesson, Orphazyme & more
Take a look at some of the biggest movers in the premarket: Adobe (ADBE) – Adobe reported quarterly profit of $3.03 per share, 21 cents a share above estimates. The software company’s revenue also topped Wall Street forecasts and Adobe...
EUR/USD Pair Is Now Correcting Losses From The 1.1891 Low
The Euro failed to settle above 1.2150 and started a fresh decline against the US Dollar. The EUR/USD pair broke the 1.2050 support zone to move into a bearish zone. It even settled below the 1.2000 support level and the...
NZDUSD Reverses Up After Steep Slide
NZDUSD is reversing quickly to the upside after the sharp plummet towards a fresh two-and-a-half-month low of 0.6960 earlier today. The RSI is flattening in the oversold territory; however, the stochastic is ticking higher after the drop into the negative...
USD Stabilises After Initial Jump
The USD tended to stabilize against a number of its counterparts during today’s Asian session, after the initial gains it had displayed given the Fed’s hawkish surprise on Wednesday, which sent it to an almost two month high. It should...
GBPUSD Seeks Out An Edge To Break Its Fall
GBPUSD continues to freefall from the 1.4100 area and far below the 200-period simple moving average (SMA), as the after-effects of Wednesday’s hawkish FOMC meeting seem to be lingering. The rolling 50- and 100-period SMAs are reinforcing the drop in...
USDCAD Marks Best Week For 2021, Rally Slows Near Familiar Resistance
USDCAD had its most constructive week since March 2020, rallying by 1.7% to a seven-week high of 1.2382. The bull run has snapped the one-month-old trading range and sent the price above its 20- and 50-day simple moving averages (SMAs),...
CADJPY Is Bearish
Technical analysis The price is beneath MA(50) The wide-open Bollinger Bands predict high volatility and point to a downtrend The RSI is below 50, also indicating a downtrend. What the possible outcomes are CADJPY fell to 89.033. The pair is...
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