GBP/USD PRICE, CHARTS AND ANALYSIS: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter READ MORE: Gold Price Forecast: $1950 Level Holds Key for Bearish Momentum to Continue The UK recorded a hot inflation print this week with hawkish repricing of the …
Cable Bounces from Oversold Territory as UK Retail Sales Recover Read More »
ISM MANUFACTURING KEY POINTS: Manufacturing PMI rebounds modestly in February, rising to 47.7 versus 48.00 expected Despite the directional improvement, the goods producing sector of the economy remains in contractionary territory The U.S. dollar trims losses after survey’s results point to a sharp increase in the prices paid indicator Recommended by Diego Colman Get Your …
Manufacturing PMI Rises but Stays in Contractionary Territory, US Dollar Pares Drop Read More »
Dax News and Analysis Dax 40 briefly escapes bear market as prices retest the March close China reopening drives Dax into potential bullish territory Infineon Technologies leads gains after positive earnings and the approval of a $5 Billion Chip project raises growth forecasts. China Reopening Drives Dax into Bull Market Territory – Infineon Leads Gains …
Dax (German 40) Enters Bull Market Territory – Infineon Leads Gains Read More »
Gold (XAU/USD) News and Analysis Gold’s impressive bullish run appears under threat as the RSI flashes ‘oversold’ Contractionary monetary policy appears set to cap longer-term bullish advances as inflation is more than three times the Fed’s target The analysis in this article makes use of chart patterns and key support and resistance levels. For more …
XAU/USD Nearing ‘Oversold’ Territory as Yields Gap Up Read More »
Australian Dollar Talking Points AUD/USD snaps the series of lower highs and lows carried over from last week after failing to defend the May 2020 low (0.6373), and recent developments in the Relative Strength Index (RSI) raises the scope for a near-term rebound in the exchange rate as the oscillator climbs out of oversold territory. …
AUD/USD Rebound Pulls RSI Out of Oversold Territory Read More »
Crude Oil Price Talking Points The price of oil bounces back from a fresh monthly low ($76.25) as it snaps the series of lower highs and lows carried over from last week, and crude may stage a larger rebound over the coming days as long as the Relative Strength Index (RSI) holds above 30. Crude …
Crude Oil Price Rebound Keeps RSI Out of Oversold Territory Read More »
Australian Dollar Talking Points AUD/USD clears the June 2020 low (0.6648) as it trades to a fresh yearly low (0.6438), and the exchange rate may attempt to test the May 2020 low (0.6373) as the Relative Strength Index (RSI) pushes into oversold territory. AUD/USD Selloff Pushes RSI Into Oversold Territory AUD/USD extends the series of …
AUD/USD Selloff Pushes RSI Into Oversold Territory Read More »
Japanese Yen Talking Points USD/JPY rallies to a fresh yearly high (144.99) as it extends the series of higher highs and lows from earlier this week, with the overbought reading in the Relative Strength Index (RSI) likely to be accompanied by a further advance in the exchange rate like the price action from earlier this …
USD/JPY Rate Rally to Persist as RSI Holds in Overbought Territory Read More »
Gold Price Talking Points The price of gold appears to be stuck in a narrow range following the failed attempt to test the yearly low ($1681), but bullion may bounce back towards the 50-Day SMA ($1747) as the Relative Strength Index (RSI) reverses ahead of oversold territory. Gold Price Defends Yearly Low to Keep RSI …
Gold Price Defends Yearly Low to Keep RSI Out of Oversold Territory Read More »
Gold Price Talking Points The price of gold is on the cusp of testing the yearly low ($1681) as it extends the recent series of lower highs and lows from earlier this week, and a move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in bullion …
Gold Price Weakness Pushes RSI Towards Oversold Territory Read More »
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