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Gold Price to Recover if Fed Rate Hike Risk & USD Strength Ebb
GOLD OUTLOOK: FED DOT PLOT WEIGHING ON XAU/USD PRICE ACTIONGold and silver prices extended their post-FOMC nosedives during Thursday’s trading session. The precious metals are now down -5.5% and -7.2% on the week respectively. Selling…
USD/JPY Fails at Resistance and Pivots Lower, but the Underlying Trend Remains Bullish
JAPANESE YEN KEY POINTS:USD/JPY turns lower after colliding with a key technical resistance near the 110.80/110.97 area Despite the mild pull-back observed on Thursday, the dollar maintains a bullish bias against the Japanese Yen In this…
Bitcoin Price Stalls at Resistance – Can BTC Avoid Range-Bound Trading?
Bitcoin (BTC/USD) Price Outlook:Bitcoin Price Stalls at Resistance - Can BTC Avoid Range-Bound Trading?Bitcoin has been on a wild ride recently as the cryptocurrency surged to record highs before plummeting to its lowest level in months…
AUD/USD Rate Slips Below 200-Day SMA for First Since June 2020
Australian Dollar Talking PointsAUD/USD slips below the 200-Day SMA (0.7548) for the first time since June 2020 as fresh forecasts coming out of the Federal Reserve indicate two rate hikes for 2023, and the exchange rate appears to be on…
Euro Technical Analysis: EUR/USD, EUR/JPY, EUR/GBP
Euro Talking Points:The single currency put in big moves against USD and JPY on the heels of yesterday’s FOMC rate decision. In EUR/USD, it appears that we have a trend reversal whereas EUR/JPY bulls may still be able to make a case for…
Gold Price Vulnerable Following FOMC as RSI Approaches Oversold Zone
Gold Price Talking PointsThe price of gold tumbles to a fresh monthly low ($1776) as the Federal Reserve continues to upgrade its economic outlook for the US economy, and looming developments in the Relative Strength Index (RSI) may show…
South African Rand (ZAR) Overview: Post FOMC Round Up
Rand ZAR Analysis:US Fed’s hawkish surprise deepens USD/ZAR pullback USD/ZAR technical set-ups and levels to watchSA introduces stricter lockdown regulations to limit rising third wave
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Fed Committee Revises Expectations…
Powell Admits Inflation Could Be Higher Than Expected, Making Case For Bitcoin
The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe…
Canadian Dollar Forecast: USD/CAD Rips Higher – Further Gains Ahead?
CAD, USD/CAD, Analysis and Talking PointsHawkish Twist as Fed Signal Two Hikes in 2023USD/CAD Soars, CAD Bulls Head For ExitHawkish Twist as Fed Signal Two Hikes in 2023FOMC Recap: A hawkish surprise from the Federal Reserve, with the main…
Fed Meeting Aftermath: Equities Lower, Bond Yields Stable Despite Rate Hike Projections
Key Talking Points:The Federal Reserve brings rate hike date forward as inflation becomes a focal pointEquities pullback intensifies but fundamental drivers still in placeBond yields stabilize despite inflation expectations risingThe hotly…