USD/CAD Price Forecast: Trendline Break to Facilitate a Test of 1.3500 Support?
Loonie extends gains as the Greenback falters. A host of data is expected from both the US and Canada, will this help push USD/CAD lower?
Loonie extends gains as the Greenback falters. A host of data is expected from both the US and Canada, will this help push USD/CAD lower?
In this article, we analyze the technical outlook for EUR/USD, GBP/USD, and AUD/USD, taking into account market sentiment and price action dynamics in recent days.
Bitcoin continues to threaten the $38k mark as a weaker US Dollar and rate hike optimism stoke volatility. $40K incoming?
Widespread inflation pressures build in Japan ahead of 2024 despite BoJ Governor Ueda remaining unconvinced that inflation will exceed the 2% target sustainably
Gold prices stay well supported this Tuesday ahead of CB consumer confidence and Fed speakers. XAU/USD managing to hold above $2000/oz.
Oil traders are waiting for the delayed OPEC+ meeting, now scheduled for Thursday, to see if further output cuts are announced to help stabilize the price of oil
The flash EU inflation data for November is due in the same week as US PCE. Also of note is the 2nd estimate of US Q3 data which is anticipated beat the already impressive 4.9%
As month-end looms, the rally in indices is slowing down, though the overall picture remains broadly bullish.
AUD prices stay bid this Tuesday morning despite weak Australian retail sales data and a hesitant RBA Governor Bullock.
This article delves into the technical outlook for gold (XAU/USD) and AUD/USD, concentrating on market sentiment, price action dynamics and critical levels at play for the upcoming trading sessions.