The price of gold is on track to test the 50-Day SMA ($2013) as it approaches the monthly low ($2017), but the precious metal may track the positive slope in the moving average to mirror the price action from earlier this year.
Gold Price Outlook
The price of gold may struggle to retain the advance from the December low ($1973) if it no longer responds to the...
AUD/JPY consolidates after failing to retrace the decline from the December high (98.07), but a break of the 2024 opening range may affect the near-term outlook for the exchange rate.
AUD/JPY Rate Outlook
AUD/JPY trades to a fresh weekly low (96.15) as it struggles to hold above the 50-Day SMA (96.80), and the exchange rate may give back the advance from the...
GBP/JPY may struggle to retrace the decline from the December high (187.52) amid the failed attempts to trade back above the 50-Day SMA (183.91).
GBP/JPY Outlook
GBP/JPY trades to a fresh weekly high (183.78) as it carves a series of higher highs and lows, with a break/close above the 183.90 (50% Fibonacci retracement) to 184.80 (23.6% Fibonacci extension)...
The recent rebound in USD/CHF has pulled the Relative Strength Index (RSI) above 30 to generate a textbook buy signal.
USD/CHF Rate Outlook
USD/CHF carve a s series of higher highs and lows as it extends the rebound from the December low (0.8333), with a break/close above the 0.8550 (78.6% Fibonacci extension) to 0.8590 (78.6% Fibonacci extension) region...
BTC/USD rebounds ahead of trendline support to take out the December high ($44739).
BTC/USD Outlook
BTC/USD may attempt to test the April 2022 high ($47447) as the upward trend from November remains intact, and a move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by a further advance in Bitcoin like the price action from last...
The price of gold appears to be stuck in a narrow range, but bullion may attempt to retrace the decline from the yearly high ($2147) should it track the positive slope in the 50-Day SMA ($1993).
Gold Price Outlook
The price of gold consolidates after testing the moving average earlier this month, and the precious metal may attempt to break out of the range...
Join Strategist David Song to cover the key event risk that could influence financial markets in the week ahead. Discuss major fundamental themes along with current market developments.
The recent selloff in USD/CHF pushed the Relative Strength Index (RSI) into oversold territory, but the oscillator seems to be diverging with price as it fails to reflect the extreme reading from earlier this year.
USD/CHF Rate Outlook
USD/CHF registered a fresh monthly low (0.8593) as it snapped the range-bound price action from last week, with a break/close...
AUD/JPY may attempt to retrace the decline from the monthly high (98.07) as it carves a series of higher highs and lows.
AUD/JPY Rate Outlook
AUD/JPY trades back above the 50-Day SMA (96.33) after failing to test the October low (93.06), with a close above 97.60 (50% Fibonacci extension) bringing the 2022 high (98.77) on the radar.
A break/close above the...
BTC/USD consolidates after registering a fresh yearly high ($44739) earlier this month, but Bitcoin may stage further attempts to test the April 2022 high ($47447) should it hold above trendline support.
BTC/USD Outlook
BTC/USD may negate the upward trend carried over from last month if it struggles to hold above $40310 (100% Fibonacci extension), with a...
GBP/JPY appears to be defending the October low (178.10) as the recent rebound in the exchange rate keeps the Relative Strength Index (RSI) out of oversold territory.
GBP/JPY Outlook
GBP/JPY may attempt to clear the series of lower highs and lows from earlier this week as it bounces back from a fresh monthly low (178.35), and the RSI may show the bearish...
Join Strategist David Song to cover the key event risk that could influence financial markets in the week ahead. Discuss major fundamental themes along with current market developments. @DavidJSong
USD/CHF trades to a fresh weekly low (0.8691) amid the reaction to the Federal Reserve interest rate decision.
USD/CHF Rate Outlook
USD/CHF may continue to give back the advance from the monthly low (0.8667) as it extends the series of lower highs and lows from earlier this week, with a break/close below 0.8590 (78.6% Fibonacci extension) raising the scope for...
All the attention will be on the FOMC's final policy decision of the year today, with no expectations of further tightening. The market's pricing of 125 basis point rate cuts in 2024 will be tested, and given the Fed's cautious approach, there's a likelihood that Powell and the team will resist these expectations during today's meeting. Whether the market will...
The price of gold remains under pressure after spiking to a fresh yearly high ($2147), with the weakness in bullion pulling the Relative Strength Index (RSI) from overbought territory.
Gold Price Outlook
The price of gold sits near the monthly low ($1976) as it weakens for the third consecutive day, with a break/close below the $1973 (78.6% Fibonacci...
Join Sr Technical Strategist Michael Boutros live for key technical levels and setups he’s tracking into the start of the week. Discuss upcoming major events and its impact on currencies, commodities and major equity indices.
