Silver Slide Tests Trendline Support, $60 Handle
Silver prices have been more than halved since the January high but last week saw a key trendline come into play as bulls grasp to hold the $60 handle for the metal.
James Stanley
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USD/JPY Short-Term Bullish But is a 160 Break Possible?
The dual intervention was more than two months ago and since we’ve heard multiple comments from both the US and Japan to try to guide the USD/JPY spot rate lower. Markets appear to be calling that bluff.
Euro Weekly Forecast: EUR/USD Dawdles At Lows Despite Daily RSI Oversold
Despite a deep oversold read bulls didn’t exactly come screaming back into the EUR/USD market, although a series of higher-lows may be an early warning that a turning point may be near.
S&P 500 Pulls Back From Another Fresh ATH As Yields Soften
Both the S&P and Nasdaq set fresh ATHs on Wednesday, and despite relief in yields, stocks are pulling back again today.
Gold Bounces From Lows But Are Brighter Days Ahead?
Gold put in a sizable underside wick on the daily chart yesterday and this speaks to the possibility of near-term bottoming in the metal following a strong sell-off over the past six weeks.
Bitcoin Back to a Familiar Support Level: BTC/USD Levels
Bitcoin has retained strength through the jump in yields even as gold has melted down, but now BTC/USD faces an important test as price has reverted to a significant support level.
EUR/USD Tests Most Oversold Levels in a Decade
It’s been a painful run for EUR/USD as the pair has lost more than 500 pips in a month and a half, but with the pair now deeply oversold the big question is whether sellers can stretch.
USD/JPY Buyers Continue to Bid Support – but Can They Force a Breakout?
USD/JPY has been pushed from the top of the headlines as a meltdown in the Euro has stolen attention from FX markets, but with USD at a fresh yearly high the USD/JPY pair retains bullish structure, and there’s the very real question now as to whether a defense of the 160.00 level would be possible given the macro backdrop.
Gold Breaks Down on Descending Triangle, Sets Up $4k Test
Gold started last week with a strong sell-off but from that move a bounce developed. Bulls could not hold on through the weekly close, however, and the bearish structure remains in-place for XAU/USD.
Gold Breaks Down on Descending Triangle, Sets Up $4k Test
Gold started last week with a strong sell-off but from that move a bounce developed. Bulls could not hold on through the weekly close, however, and the bearish structure remains in-place for XAU/USD.
USD Sets Fresh Yearly High as EUR/USD Drops Dramatically, USD/JPY Stable
Well, it was a week of USD strength that wasn’t entirely pushed by USD/JPY, as a strong sell-off in EUR/USD has pushed the major pair to its most oversold state in a decade.
Gold Price Outlook: XAU/USD Resistance at $4200 Sets Up for NFP
It was a strong sell-off to start the week in gold and despite a Tuesday bounce, sellers are continuing to push following a resistance hit at the $4200 level.
Nasdaq Breakout Potential into Q4 for Melt Up Scenarios
The headlines seem negative in almost any place that you look, with surging Treasury yields and frothy AI valuations getting more and more attention. But, if it’s so bad, why hasn’t the Nasdaq melted down yet, even as the Fed has started hiking rates?