AUD/USD Forecast: AUD/USD Clings to Trendline with Bearish Sentiment

AUD/USD Outlook: Fibonacci level holds bulls at bay MACD remains above the zero-line AUD/USD clings to trendline, as bulls fight to maintain control Bulls Determined to Break Resistance

A recent surge in the number of Covid-19 infections in Victoria, the second largest state of Australia, has resulted in a reintroduction of restrictions; stalling . . . → Read More: AUD/USD Forecast: AUD/USD Clings to Trendline with Bearish Sentiment

GBP Price Outlook: Pound Sterling Eyes PMIs & BoE Inflation

POUND STERLING OUTLOOK – GBP/USD, GBP/JPY, EUR/GBP: UK PMI DATA & BANK OF ENGLAND INFLATION REPORT ON DECK Pound Sterling bulls take a breather headed into an expected BoE inflation report release GBP implied volatility readings have ticked higher over recent trading sessions The British Pound could also eye an update to UK PMI . . . → Read More: GBP Price Outlook: Pound Sterling Eyes PMIs & BoE Inflation

GBP/USD, USD Index Charts and More

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Technical Outlook: GBP/USD pulling back from confluent resistance US Dollar Index (DXY) working off oversold conditions

The GBP/USD chart is turning lower from confluent resistance constructed with trend-lines from 2014 and 2018 that are also in alignment with a pair of swing levels created prior to the March corona . . . → Read More: GBP/USD, USD Index Charts and More

USD/JPY Price Analysis: Japanese Yen at Key Juncture, USD Rebound

USD/JPY Analysis: Since breaking below the crucial 106.00 level, USD/JPY has posted a V-shaped near- term recovery The pair trades higher as the US dollar attempts to mount a comeback after nearly two weeks of losses in the lead up to Non-Farm Payroll data later this week. IG Client Sentiment data reveals that 62% . . . → Read More: USD/JPY Price Analysis: Japanese Yen at Key Juncture, USD Rebound

GBP/USD Cracks 1.30 on USD Demand, Volatility Lurking in USD/TRY – US Market Open

USD, GBP, TRY Analysis & News Subdued Session in the Equity Space US Dollar Bounce Gaining Traction Volatility Lurking in USD/TRY

Equities: A somewhat subdued session thus far with European equities paring initial gains to trade with marginal losses. Similarly, US futures are also pointing to a negative open with both the S&P . . . → Read More: GBP/USD Cracks 1.30 on USD Demand, Volatility Lurking in USD/TRY – US Market Open

Gold Price Forecast: XAU/USD Threatens Bull Breakout, 2k in Sight

Gold Price Forecast, Gold Analysis, GLD, XAU/USD: Gold prices remain strong, holding near another new all-time-high established shortly after the open of this week’s trade. Gold prices have become fairly overbought on the Daily chart, and a big level sits just ahead around the 2k marker on the chart. Short-term Gold price action has . . . → Read More: Gold Price Forecast: XAU/USD Threatens Bull Breakout, 2k in Sight

USD Price Outlook: US Dollar Reversal Attempt Eyed vs EUR & AUD

US DOLLAR OUTLOOK: USD PRICE ACTION ATTEMPTS REVERSAL AGAINST EURO & AUSSIE

The US Dollar is coming off its worst month of performance since April 2011 after a steep 4% slide lower in the DXY Index. USD price action stumbled across several major and emerging market currency pairs throughout July, but US Dollar . . . → Read More: USD Price Outlook: US Dollar Reversal Attempt Eyed vs EUR & AUD

Silver Price Forecast: Silver Stumbles into Key Level of Support

Silver Price Analysis: Fibonacci holds bulls at bay at key level of support Short-term price action falls below 100 on CCI, while remaining above the 55 period EMA Will the release of key economic data be enough for buyers to maintain the trend? XAG/USD Confined to Key Fibonacci Levels

An increase in rhetoric . . . → Read More: Silver Price Forecast: Silver Stumbles into Key Level of Support

US Dollar Upside Momentum Weakens as ISM Manufacturing Improves

ISM Manufacturing, US Dollar, COVID, Jobs – Talking Points US Dollar price takes hit on improved ISM manufacturing data US Manufacturing activity continues to improve in July at 54.2 Employment index improves, but historical weakness persists

Recent US Dollar momentum continued this morning as the ISM manufacturing report for July crossed the wires . . . → Read More: US Dollar Upside Momentum Weakens as ISM Manufacturing Improves

USD/CAD latest: Last Place Battle – Loonie or Dollar?

USD/CAD Price Analysis Possibilities for both bulls and bears Upcoming US and Canadian economic data announcements riddled throughout the week Uncertainty within OPEC+ may favor USD/CAD bulls IGCS and COT report suggestive of further downside CAN CAD BULLS HOLD ONTO LONG-TERM GAINS WITH FUNDAMENTAL DRIVERS ON THE HORIZON

USD/CAD has mirrored much of . . . → Read More: USD/CAD latest: Last Place Battle – Loonie or Dollar?