WTI Crude Oil Forecast: Rejected at Resistance but Bullish Structure Remains
Oil prices have been very range-bound over the past few months but breakout potential remains as WTI has built an ascending triangle inside of the recent range.
Gold Price Forecast: XAU/USD Bulls Respond to First 2024 Test Below $2k
Gold has been resilient so far in 2024 even as USD strength re-appeared. The big question now is whether bulls can find a more favorable outcome on tests of resistance at $2,032 or $2,050.
Euro Price Outlook: EUR/USD Breakdown Pulls Back as USD Holds 105
Euro bears have been persistent so far this year, but they’ve also shown a degree of hesitancy on tests of fresh lows as the longer-term range remains in-play.
U.S. Dollar Price Action Webinar: DXY, Gold, Bitcoin, FX Majors
The U.S. Dollar set another fresh high yesterday, extending the bullish structure that’s priced in so far this year.
U.S. Dollar Post-CPI: EUR/USD, GBP/USD, USD/JPY, XAU/USD (Gold)
The U.S. Dollar broke out and set another fresh 2024 high this morning as the currency continues to claw back Q4 losses.
Canadian Dollar Technical Forecast: USD/CAD, CAD/JPY
USD/CAD continues to hold a range inside of a range, but CAD/JPY is bristling at resistance after having set a fresh 16-year high last week.
Japanese Yen Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY
Yen weakness has come rushing back in early-2024 trade, but U.S. and U.K. CPI could provide a jolt to FX trends in USD and GBP, which could produce some change in both USD/JPY and GBP/JPY.
USD: Behind the U.S. Dollar, the Global Reserve Currency
The U.S. Dollar plays an incredibly important role in the global economy and while ‘De-dollarization’ claims may pop up, the currency set a fresh all-time-high for usage last year and remains the world’s primary reserve currency.
Australian Dollar Technical Analysis: AUD/USD Slammed to the 200-Day Moving Average
AUD/USD was flying high in late-2023 trade, and price has pulled back aggressively to start 2024. AUD/USD is now re-testing the 200-day moving average as support.
Japanese Yen Technical Analysis: USD/JPY, EUR/JPY, GBP/JPY
Is the carry trade coming back? USD/JPY, EUR/JPY and GBP/JPY have all started 2024 with bullish moves despite the expectation for rate cuts starting in 2024.
Euro Technical Forecast: EUR/USD Bears Show Up to Ring in the New Year
EUR/USD was range-bound for much of last year but there were still multiple shorter-term trends to pick on. With markets geared up for cuts to begin this year, could EUR/USD push into a larger-scale trending condition?