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

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 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

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 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?

Market sentiment mostly improved this past week as all eyes were on the tech-heavy Nasdaq Composite as it soared about 3.7%. Earnings from Facebook, Amazon, Apple and Google – part of the FAANG group – smashed expectations. The Dow Jones Industrial Average was left behind, ending the week -0.16% as the S&P 500 . . . → Read More: Markets Week Ahead: Nasdaq 100, US Dollar, AUD/USD, RBA, GBP/USD, BoE

Source: IG Charts

Nasdaq 100, DAX 30, ASX 200 Price Outlooks: The Nasdaq 100 will look to capitalize on strong earnings from its most important members The DAX 30 suffered a breakdown last week but could look to ride the coattails of US indices Elsewhere, the ASX 200 will await an . . . → Read More: Nasdaq 100, DAX 30 & ASX 200 Forecasts for the Week Ahead

Source: IG Charts

Main USD/MXN Talking Points: Mexico suffers worst economic contraction in history Dollar weakness continues USD/MXN limited by downward resistance

USD/MXN continues in somewhat of a choppy price action, not quite finding a stable direction, resembling what is happening around the world right now.

The increase in . . . → Read More: USD/MXN Week Ahead: choppy price action to continue

Source: IG Charts

Fundamental Euro Forecast: Bullish After climbing strongly since mid-May, EUR/USD is bound to falter at some point. However, with the US economy spluttering and the November election coming closer, it’s hard to identify any reason why EUR/USD’s advance should end soon. Euro price outlook still rosy

As . . . → Read More: Euro Forecast: EUR/USD Outlook Still Bright After Six Weeks of Gains

Source: IG Charts

Gold Price (XAU/USD) Analysis, Price and Chart Gold consolidates just below this week’s record high. 10-year US real yields near -1.00%.

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Gold printed . . . → Read More: Gold Price Weekly Outlook: Consolidating Near Record Highs