EUR/USD Weekly Technical Outlook: Euro Set Up to Rally Next Week

EUR/USD Technical Highlights: EUR/USD held confluence of support on Friday As long as 12215 holds, expecting strength Major resistance arrives at 2008 trend-line, ~12450 For a longer-term fundamental and technical outlook on EUR/USD, check out the recently released DailyFX Quarterly Forecast. The range in the euro since January has had good levels to operate off […]

Gold Prices Eyeing SNB, BOE and ECB After Fed-Inspired Rally

Talking Points: Gold prices rise as markets deem FOMC outcome “dovish” SNB, BOE and ECB monetary policy decisions now in focus Crude oil prices fall as EIA shows gasoline stocks swelling Gold prices capitalized as the US Dollar plunged alongside Treasury bond yields following a somewhat confounding FOMC policy announcement. The central bank projected three […]

CAD Rally: Too Much, Too Soon?

Talking Points: USD/CAD falls to lows seen in May 2015 on Rate Hike Further hikes are being mooted but will the BoC wait? USD weakness is exacerbating the move. Fundamental Forecast for CAD: Neutral We remain neutral on CAD although any further sharp upward moves may open the opportunity to sell CAD against the USD […]

Euro Positioned to Continue Rally versus Greenback, Commodity Currencies

Fundamental Forecast for EUR/USD: Bullish – Continued rise in US political risk has increased Euro’s appeal versus US Dollar, particularly as timeline for US fiscal stimulus appears to have been pushed back significantly. – The retail crowd still isn’t buying into the EUR/USD rally – which means it may have more room to run yet. […]

gold-prices-rally-up-to-pivotal-resistance-zone-srepstans_body_Picture_1

Gold Prices Rally Up to Pivotal Resistance Zone

To receive James Stanley’s Analysis directly via email, please sign up here. In our last article, we were looking at aggressively bearish price action in Gold prices as we walked-in to last week’s rate hike from the Fed. And the term ‘rate hike’ is important here rather than ‘rate decision’, because the Federal Reserve had […]

Gold-Prices-Rally-as-US-Dollar-Strength-Fades_body_Picture_1

Gold Prices Rally as US Dollar Strength Fades

Talking Points: Gold Prices Rally as US Dollar Strength Fades Intraday US Dollar Support is Found Near 100.63 Next Resistance for Gold Price is Found Near $ 1,189.53 Gold prices have rebound from this morning’s low of $ 1,180.70, after the US Dollar initially rallied on better than expected GDP figures. US GDP (Annualized) was […]