Gold declines over $50 on Monday after Axios news reports that Israel and Hezbollah have reached a ceasefire agreement. Gold had already fallen after Donald Trump chose Scott Bessent to be his US Secretary of the Treasury. Bessent is a seasoned Wall […]
Gold plummets on rumors of Israel–Hezbollah ceasefire Read More »
EUR/JPY is declining in a short-term downtrend which started in November. The pair is likely to continue lower given technical analysis theory. EUR/JPY staircases down from its Halloween peak as it unfolds in a short-term downtrend during November. The odds
EUR/JPY Price Prediction: November bear trend unfolds Read More »
The Mexican Peso shrugs off key economic data for Mexico and continues trading mixed due to idyosyncratic factors. The MXN faces headwinds from slowing growth, central bank dovishness and US politics. Technically, USD/MXN is unfolding an up leg within a
Mexican Peso shrugs off Mexican GDP and inflation data Read More »
USD/JPY falls as the Yen gains on expectations the BoJ will raise interest rates in December. Bets are falling meanwhile for the Federal Reserve to cut interest rates, narrowing the differential. This advantages the JPY, creating a headwind for USD/JPY
USD/JPY edges lower after stronger-than-expected Japanese inflation, stimulus package Read More »
USD/CHF is resuming its dominant uptrend after a short correction. The short and medium-term trends are bullish indicating odds favor a continuation higher. USD/CHF is striking higher again after a brief pullback from overbought levels. It is surging on Friday
USD/CHF Price Forecast: Resumes uptrend after pullback Read More »
GBP/ZAR is giving signs and omens of a possible change in the near-term trend. These include a possible reversal pattern and the RSI moving out of oversold territory. GBP/ZAR has formed a temporary bottom after a steep sell-off. The pair
Early-warning signs the short-term trend may reverse Read More »
Gold rallies for the fifth day in a row on Friday on the back of increased safe-haven demand due to Russia threats. Headwinds for the precious metal may come from shifting US interest rate expectations and the strong performance of
Gold rallies to above $2,700 on Russia-Ukraine tensions Read More »
Gold pulls back on Wednesday as a result of a stronger US Dollar. The Greenback is rising due to less dovish interest rate expectations in the US. XAU/USD starts a new short-term uptrend on the 4-hour chart. Gold (XAU/USD) pauses
Gold moderates lower as stronger US Dollar weighs Read More »
GBP/CAD is pulling back in a short-term downtrend, however, it is likely to resume its bearish bias. The pair recently broke down out of a bearish Rising Wedge but downside targets have yet to be hit. GBP/CAD has broken out
Vulnerable to more downside as bears hunt targets Read More »
EUR/JPY is approaching levels where it threatens to reverse the medium-term trend. Further downside could see the pair fall to the 50-day SMA. EUR/JPY is threatening to reverse its medium-term uptrend and begin a new downtrend. This is important since
Threatening to reverse the trend and extend its decline Read More »
