EUR/USD Outlook: Euro Eases after Weak German Data, Risks Deeper Pullback on Strong US Labor Figures
The Euro dips further on Wednesday following a strong upside rejection on Tuesday that left a bearish daily candle with long upper shadow. Fresh weakness was helped by a significant drop in German retail sales (Apr -5.5% vs -2% f/c),...
Market Morning Briefing: Pound Has Bounced From 1.4143
STOCKS Dow is moving up towards the upper end of its 33500-35000 range in line with our expectation. DAX has just broken above its 14800-15500 range on the upside as expected and can rise to 15800-16000 while this break sustains....
WTI Oil Outlook: Oil Surges to 31-Month High on Hopes for Strong Rise in Demand
Oil prices surged on Tuesday, inflated by expectations for growing fuel demand during the summer driving season in the US, continuation of slow increase in supply by OPEC+ group and strong Chinese factory data that support hopes for further rise...
GOLD Passes May High Level
On Tuesday, the price for gold booked a new high level, as the commodity shortly traded above the 1,915.00 level. The price managed to pass the previous May high of 1,913.12. In the near term future, the metal could gain...
Market Morning Briefing: Aussie Has Bounced Well From 0.77
STOCKS Dow can move up within its 33500-35000 range. DAX is struggling to gain strength to breach 15500. It can fall if it breaks below 15400 and keep the 14800-15500 range intact. Nikkei has to sustain above 28500 to avoid...
XAU/USD Outlook: Gold Eyes $2000 Barrier as Bulls Accelerate in May on Growing Inflationary Pressure
Spot Gold keeps firm tone and consolidating under new nearly three-month high ($1912) on Monday, supported by weak dollar while growing inflationary pressures lift gold’s appeal as the metal is used as a hedge against inflation. The other supportive factor...
EUR/USD Outlook: Euro Extends Sideways Mode
The Euro remains in directionless mode for the third consecutive day after a pullback from a new multi-week high (1.2266) reached the minimum correction level at 1.2133 (Fibo 23.6% of 1.1704/1.2266) but was strongly rejected here. Near-term action is so...
Core PCE Jumps to Highest Level in 25 Years: DXY, EUR/USD
A key inflation indicator for the US Federal Reserve released earlier today is going to have FOMC members heads spinning at their next meeting in June. The Core PCE Price Index is said to be one of the Fed’s favorite...
GBPUSD Contests Stern Resistance Zone, Upside Risks Endure
GBPUSD has recoiled to the Ichimoku cloud’s upper surface around 1.4170 after the pair’s latest positive traction, activated near the 1.4100 mark, managed to only yet again peek temporarily above the 1.4200 handle. The bullish simple moving averages (SMAs) are...
US Dollar Index Outlook: Dollar Holds Gains And Eyes US Inflation Data For Fresh Direction Signal
The dollar remains within a narrow consolidation for the second day, following a bounce from 4 ½ month low (89.50) driven buy month-end flows that boosted demand for the greenback. Friday morning trading is quiet as investors await US inflation...
Signal2forex.com - Best Forex robots and signals




