- Investing.com•8 hours ago
Gold / Silver / Copper Prices - Weekly Outlook: May 28 - June 1
Investing.com - Gold traders will keep their focus on fresh geopolitical developments surrounding President Donald Trump's planned summit with North Korean leader Kim Jong Un slated for next month.
- FX Empire•19 hours ago
Gold Price Futures (GC) Technical Analysis – Longer-Term Direction Controlled by $1300.60 and $1315.60
Based on Friday’s close and the price action, the direction of the gold market is likely to be determined by trader reaction to $1309.60.
- FX Empire•21 hours ago
AUD/USD Forex Technical Analysis – Key Support is Layered at .7527 to .7486
Commodity-linked Australian Dollar traders are likely to react to the direction of crude oil as well as Treasury yields.
- FX Empire•21 hours ago
NZD/USD Forex Technical Analysis – Bullish Over .6952, Bearish Under .6914
Based on Friday’s close at .6916, the direction of the NZD/USD is likely to be determined by trader reaction to the short-term pivot at .6914.
- FX Empire•23 hours ago
USD/JPY Forex Technical Analysis – Critical Area on Daily Chart is 108.641 – 108.604
Based on last week’s price action, the direction of the USD/JPY is likely to be determined by trader reaction to the 50% level at 109.137.
- FX Empire•yesterday
AUD/USD and NZD/USD Fundamental Daily Forecast – Facing Renewed Pressure from Weaker Crude Oil Prices
Short-term, the AUD/USD and NZD/USD could get a boost if Treasury yields continue to drop and the U.S. reinstates the meeting with North Korea, originally scheduled for June 12. However, gains could be limited by another steep sell-off in crude oil.
- FX Empire•yesterday
USD/JPY Fundamental Daily Forecast – Should Rally if North Korean Meeting is Reinstated
The inside move on Friday may have been an indication that changes may be taking place over the North Korean situation behind the scenes.
- FX Empire•yesterday
Dollar Index Boosted by Weaker Euro, Gains Limited by Surge in Yen
Three major events drove the two-sided price action in the U.S. Dollar last week including renewed geopolitical concerns over a potential trade war between the United States and China, renewed tensions over North Korea and dovish Fed minutes. However, the dollar index was supported by a weaker Euro.
- FX Empire•yesterday
Gold Underpinned by Safe Haven Demand, Lower Treasury Yields
Gold prices inched lower on Friday, but still managed to close above the psychological $1300 level while holding on to its gains for the week.
- MarketWatch•yesterday
4 ways the ECB is preventing an Italian rerun of the euro crisis — for now
Italy’s new coalition government is spooking investors with its provocative spending plans and underlying euroskepticism. But prospects for a return of the darkest days of the eurozone sovereign debt crisis ...
- FX Empire•2 days ago
USD/CAD Fundamental Analysis – week of May 28, 2018
The pair has managed to recover its losses and looks set for some ranging
- FX Empire•2 days ago
GBP/USD Fundamental Analysis – week of May 28, 2018
The pair has been moving lower towards the 1.33 region
- FX Empire•2 days ago
EUR/USD Fundamental Analysis – week of May 28, 2018
The pair has been crushed under the dollar strength but help might be nearby
- FX Empire•2 days ago
Gold markets bounce from crucial trend line during the week
Gold markets initially fell during the week but found enough support at the crucial trend line to turn around and break above the $1300 level. Ultimately, this market should continue to go much higher, and I think that a return to the $1350 level makes quite a bit of sense.
- FX Empire•2 days ago
US dollar falls against Japanese yen for the week
The US dollar fell during the week against the Japanese yen, as the ¥111 level has offered significant resistance. We have turned around rather drastically, testing the ¥109 level. When you look at these past two candles, you can make out a shooting star when you combine them. Otherwise, the other thing you should notice is that we have had a couple of shooting stars before then as well.
- FX Empire•2 days ago
US dollar recovers nicely against Canadian dollar for the week
The US dollar initially fell during the week, reaching down to the vital 1.2750 level before bouncing significantly. By the time the week closed out, we did of forming a very strong looking candle, and it appears that we are threatening the 1.30 level being left in the rearview mirror yet again.
- FX Empire•2 days ago
New Zealand dollar rallies then fails against the greenback for the week
The New Zealand dollar initially rally during the week, reaching towards the 0.70 level before failing again. We ended up forming a bit of shooting star, and at the bottom of a consolidation range that is a pretty negative sign.
- FX Empire•2 days ago
British pound falls through trendline against greenback during the week
The British pound fell during the week, slicing through and uptrend line against the greenback, showing signs of extreme negativity now. I think that the market will ultimately find sellers again, and that we could turn things around to see a complete change in trend.
- FX Empire•2 days ago
British pound slices through uptrend line against Japanese yen
The British pound broke down below the major uptrend line on the weekly chart over the past week, showing signs of weakness. Because of this, I think that the market is in a lot of trouble, and we should continue to see sellers jump into this market.
- FX Empire•2 days ago
Euro fails to hold rally against dollar during the week
The EUR/USD pair initially try to rally during the week but found enough resistance above the turnaround of form yet another negative candle. Because of this, it looks like we are going to wipe out the entirety of the move to the upside, and I think it’s only a matter of time before that happens.
FX Empire•2 days agoEuro tries to rally against Sterling for the week but fails
The Euro has tried to rally during the week against the British pound but has turned around and fell rather significantly. By doing so, the weekly candle looks as if it is going to form a shooting star, and that of course is a very negative sign.
- FX Empire•2 days ago
US dollar rallies against the Australian dollar for the week
The US dollar continues to show signs of stability against the Australian dollar during the week, as the 0.75 level has offered support several times. Last couple of weeks have featured “higher lows”, and even an attempt at a significant “higher high.” Ultimately though, I think there is a lot of resistance above, so I think what we are looking at is a return the consolidation.
- FX Empire•2 days ago
Gold markets very noisy during the Friday session
Gold markets went back and forth during the trading session on Friday, reaching around the $1305 level, an area that of course has caused a lot of attention. I believe that there is plenty of support underneath this level though, so it could be an interesting market to trade.
- FX Empire•2 days ago
US dollar initially rallies against the Yen only to turn around
The US dollar initially rallied against the Japanese yen on Friday but fell again to reach towards the ¥109 level. The market looks as if it is trying to find some type of bottom as of late, and I certainly favoring the upside on the longer-term, but it appears that we are not quite ready to go higher.
- FX Empire•2 days ago
US dollar rallies against Canadian dollar on Friday
The US dollar rallied significantly against the Canadian dollar on Friday, breaking well above the 1.2925 handle. That being said, there is a major resistance barrier above, so be aware of this.
