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.
Indices 2024 Technical Outlook Preview
The banking crisis that showed up in March served as a boost for the risk trade, and then Chair Powell’s appearance at November and December FOMC rate decisions helped to reinvigorate buyers in late-year price action
Indices 2024 Fundamental Outlook Preview
With rate cuts set to begin in the United States and Europe at some point in 2024, there could be more wind behind the sails of risk-on trends in equities.
Gold Price Forecast: XAU/USD Sets the Stage for 2024 at Multi-Year Resistance
Gold is holding on to a near 12% gain in 2023 but it’s the position on the chart and the backdrop of monetary policy that’s of interest for 2024.
Euro Price Outlook: EUR/USD V-Shaped Reversal Stalls Before 1.1000
EUR/USD has tested the 1.1000 handle twice over the past month and hasn’t yet been able to leave it behind. But bulls look ready for a third round and there’s some big drivers on the calendar for Friday.
British Pound Technical Analysis: GBP/USD Breakout After 1.2500 Test
The Bank of England seems an outlier at this point as they remain one of the more hawkish Central Banks and GBP/USD is driving to a fresh three-month high after the FOMC and BOE rate decisions.