EUR/USD pulls back from one-month high

EUR/USD has backed off from one-month highs reached during the early Asian trading hours, possibly tracking signs of nervousness in some of the Asian markets. Risk assets remain vulnerable to Sino-US tensions despite the coronavirus vaccine news.



When are the UK CPIs and how could they affect GBP/USD?

GBP/USD eases from intraday top of 1.2587 while defying the previous two-day losing streak. The pair’s recent gains could be attributed to the increasing hopes of further stimulus from the UK government as well as broad US dollar weakness. Focus on UK CPI data.


Gold: Bulls gather pace for further upside

Gold consolidates the recent pullback well above the $1800 mark, as the coronavirus vaccine hopes boost the equities and downs the greenback. Are gold bulls bidding up for a test of the multi-year highs?  

Gold News

Bank of Canada Preview: Data confirms a bottom, policymakers to remain cautious

The Bank of Canada will have a monetary policy decision this Wednesday, the first lead by new Governor Tiff Macklem. A couple of weeks ago he offered his first speech as governor, and reaffirmed that the primary mission of ...

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Dhwani Mehta

Gold consolidates the recent pullback well above the $1800 mark, as the coronavirus vaccine hopes boost the equities and downs the greenback. Are gold bulls bidding up for a test of the multi-year highs?

The Technical Confluences Indicator shows that the yellow metal continues to face stiff resistance around $1813, the confluence of the previous day high and Bollinger Band four-hour Upper.

The next resistance is aligned at $1818, the multi-year high. Acceptance above the latter awaits the power barrier at $1821, which is the pivot point one-month R1.

On the flip side, the bulls will continue to find bids at $1806, where the Fibonacci 23.6% one-day and one-week coincide.

Further south, the convergence of the Fibonacci 38.2% one-day and Bollinger Band 4H Middle at $1804 is the level to beat for the bears.

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Bitcoin Price Prediction: BTC/USD is one major bump away from spiking to $10,000

Bitcoin price is still in the red three days in a row. On Tuesday, BTC succumbed to selling pressure, briefly breaking below the support at $9,200. A recovery ensued with Bitcoin spiking towards $9,300, however, an intraday high during ...

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Ripple Price Analysis: XRP/USD consolidates below the $0.2–level

XRP/USD bears regained control after a slightly bullish Tuesday. The price has gone down from $0.1991 to $0.1990 in the early hours of Wednesday. The price has dropped below the flag formation and ...

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ETH/USD in consolidation, here is the bullish scenario to $280

Ethereum bulls have managed to correct the negative gradient on Tuesday with a shallow recovery to the former pivotal level at $240. Investor interest has remained high despite Ether being a poor performer.

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NEO Price Forecast: NEO/USD explodes 5% in a Bitcoin consolidation market

NEO is arguably the most-improved cryptocurrency in the cryptocurrency market. In spite of the consolidation witnessed among major cryptoassets such as Bitcoin and Ethereum, NEO/USD is ...

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EUR/USD: Daily recommendations on major

Dollar falls on U.S.-China trade tensions

Dollar falls on U.S.-China trade tensions

AUD trades sideways as broader ranges narrow


EUR/USD Weekly Forecast: Will Lagarde lift the euro again? ECB, coronavirus fears the US consumer all eyed

Ongoing upbeat US figures battled rising coronavirus cases and deaths. More significant US economic indicators, the European Central Bank's meeting, a leaders' summit, US politics  – and COVID-statistics are all in the mix in a busy week.

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GBP/USD Weekly Forecast: Pullback at critical resistance? Claims, coronavirus, and the US consumer eyed

Optimism from China and the Chancellor has pushed the pair higher, yet US coronavirus and also politics held it back. COVID-19 statistics remain dominant, but the calendar also comes into the spotlight with UK GDP, claims, and inflation, while US figures are centered on the consumer.

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USD/JPY Weekly Forecast: Back into the Covid waiting room

Late summer doldrums have hit the currency markets early this year abetted by the indecision over Covid and the improving US economy.

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AUD/USD Weekly Forecast: 0.7000 resistance keeps bulls in check

The AUD/USD pair fluctuated in a 70-pip range this week and struggled to make a decisive move in either direction. Despite the upbeat market mood, the AUD struggled to gather strength against the greenback amid heightened geopolitical tensions between Australia and China.

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Bitcoin Weekly Forecast: BTC/USD is haunted by the range, bears are growing stronger

Bitcoin attempted a rally in the middle of the week, but the effort was so feeble, that the price couldn't even touch $9,500. At the time of writing, BTC/USD is changing hands at $9,179, mostly unchanged from Friday on the previous week. 

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Gold Weekly Forecast: XAU/USD looks set to hit the all time highs

It was the drop in the dollar and mixed sentiment in stocks that sent gold to an 8.6-year high this week. Recently when the coronavirus pandemic situation gets worse then the US dollar gets strong but this seems to be a more localised problem for the US.

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