Oil Price Outlook Hinges on OPEC JMMC Meeting
The price of oil may face headwinds ahead of the OPEC JMMC meeting on July 1 as the group appears to be on track to...
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EUR/USD Rate Rebound Pulls RSI Out of Oversold Territory
EUR/USD may stage a larger rebound over the remainder of the week as the RSI bounces back from oversold territory to indicate a textbook buy...
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USD/CAD to Stage Larger Correction on Another Overbought RSI Reading
USD/CAD may stage a larger correction over the remainder of the month as the Relative Strength Index (RSI) appears to be on track to indicate...
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AUD/USD Rebounds From Fresh 2021 Low with RSI Buy Signal Taking Shape
AUD/USD bounces back from a fresh 2021 low (0.7477), with the RSI indicating a textbook buy signal as it rebounds from oversold territory and climbs...
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USD/JPY Reverses Ahead of 2021 High with US PCE Price Index on Tap
USD/JPY appears to have reversed course ahead of the 2021 high (110.97) as the exchange rate carves a series of lower highs and lows from...
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British Pound Outlook: GBP/USD Clears May Low Ahead of BoE
The Bank of England (BoE) interest rate decision may do little to sway GBP/USD as the central bank is widely expected to retain the current...
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EUR/USD Faces First Oversold RSI Reading Since February 2020
Recent developments in the RSI warn of a further decline in EUR/USD as the indicator pushes into oversold territory for the first time since February...
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AUD/USD Rate Slips Below 200-Day SMA for First Since June 2020
AUD/USD appears to be on track to test the yearly low (0.7532) as the exchange rate slips below the 200-Day SMA (0.7548) for the first...
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Gold Price Vulnerable Following FOMC as RSI Approaches Oversold Zone
A move below 30 in the RSI is likely to be accompanied by lower gold prices like the behavior seen in March. Continue Reading:... Search...
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Oil Price Rally Eyes 2018 High as RSI Pushes Into Overbought Territory
The overbought reading in the Relative Strength Index (RSI) may continue to be accompanied by higher crude oil prices like the behavior seen earlier this...
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EUR/USD Rate Bounces Back From 50-Day SMA Ahead of FOMC Rate Decision
EUR/USD bounces back from the 50-Day SMA (1.2104) ahead of the Fed rate decision, with the central bank expected to retain the current course for...
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NZD/USD Rate to Face FOMC Rate Decision, NZ GDP Report
NZD/USD is likely to face increased volatility over the next 24-hours with both the FOMC rate decision and New Zealand’s GDP report coming into focus....
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USD/JPY Eyes June High Ahead of FOMC amid Recovery in US Yields
USD/JPY approaches the monthly high (110.33) as longer-dated US Treasury yields recover ahead of the Federal Reserve interest rate decision. Continue Reading:... Search Web: USD/JPY...
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AUD/USD Rate Stuck in Defined Range Ahead of Fed Meeting
The Federal Reserve rate decision is likely to sway the near-term outlook for AUD/USD as the central bank is slated to update the Summary of...
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USD/CAD Clears June Opening Range with FOMC Rate Decision on Tap
USD /CAD may attempt to test the May high (1.2352) if the Federal Open Market Committee (FOMC) shows a greater willingness to switch gears later...
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Gold Price Outlook Hinges on Updated Fed Interest Rate Dot Plot
The Federal Reserve rate decision is likely to sway the price of gold as the central bank is slated to update the Summary of Economic...
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EUR/USD June Open Range Vulnerable as ECB Sticks to Higher PEPP
EUR/USD may threaten the opening range for June following the ECB rate decision as the exchange rate struggles to retain the rebound from the monthly...
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USD/CAD to Track June Open Range as Post-BoC Bounce Fizzles
USD/CAD may consolidate before resuming the downward trend from earlier this year as it gives back the bounce following the Bank of Canada (BoC) interest...
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Oil Price Rally Pushes RSI Towards Overbought Territory
A move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen earlier...
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EUR/USD Rate Rebound Stalls Ahead of ECB Rate Decision
The recent rebound in EUR/USD appears to be stalling ahead of the ECB meeting as it struggles to extend the series of higher highs and...