USD/CAD Approaches Key Resistance, Dollar Gains Momentum
Key Highlights USD/CAD recovered nicely above the 1.2450 and 1.2500 resistance levels. A crucial bearish trend line is...
Aussie Falls on Risk-off Mode but Huge US C/A Deficit Weighs on Greenback
The Australian dollar fell to two-week low on Tuesday, pressured by fresh risk-off mode as new Covid lockdowns...
WTI Futures Tumble Below SMAs, Posting Negative Correction
WTI futures have come under renewed selling pressure, falling back below the short-term simple moving averages (SMAs) after...
Elliott Wave Analysis: USD/TRY Can be Headed Much Higher after Erdogan’s Actions
We have a few topics that will drive the markets this week. First is coming from Turkey after...
USDTRY Faces Strong Losses after 4-Month High
USDTRY shifted aggressively to the downside after spiking towards a fresh four-month high of 8.4647 earlier today. The price is...
USD/CAD Breaks Bearish Momentum
Despite an improvement in retail data, the Canadian dollar came under pressure as the price of oil tanked....
EUR/GBP Near its Breaking Point
When the ECB met last week, Christine Lagarde and friends said that the ECB would significantly pick up...
WTI Oil Outlook: Oil May Fall Further on Weakened Sentiment and Formation of Reversal Pattern
WTI oil trades within a choppy consolidation on Friday but remains biased lower following a massive losses on...
USD Index Outlook: Dollar Firms as Upbeat Growth Expectation Improve the Sentiment Despite Fed’s Dovish Stance
The dollar kept firm tone against the basket of major currencies on Friday, following previous day’s rebound that...
Oil Price Broke The $64.00 Support Zone To Move Into A Bearish Zone
Crude oil price started a sharp downside correction after it failed to settle above $65.00 against the US...
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