TAG: weekly
Gold Price’s Relentless Rally
Gold Could Reach $2,300 This might seem perplexing for those who read only free analyses from me and didn’t have the full picture – in the last few years I had long and short positions in mining stocks (featuring 12 profitably closed unleveraged positions...
6 months ago
Gold Prices Forecast: Was a Bull Trap Set on Friday?
Gold Market Analysis: A Cautious PerspectiveGold prices achieved new heights last week, closing at record levels, with central banks’ interest and geopolitical tensions as key factors. Yet, we’re advising traders to be cautious, as the current rally might...
6 months ago
Is There Any Stopping Gold?
The spot price of gold (XAU/USD) concluded another week in positive territory, adding +4.3% and refreshing record pinnacles at $2,330/ounce amid expectations of lower rates this year, geopolitical tensions and speculative buying.There’s no denying that th...
6 months ago
USD/JPY On the Verge of Hitting Multi-Decade Highs
You will recall that the Bank of Japan (BoJ) increased its Policy Rate to +0.00%/0.10% in March, pulling the rate out of negative territory. While many, including the Research Team at FP Markets, expected the Japanese yen (JPY) to rally on the back of thi...
6 months ago
ECB and US CPI in the Headlights This Week
Last week ended with the US Employment Situation Report. Markets witnessed a monster beat for employment growth; the US economy added more than 300,000 jobs in the month of March versus a median estimate of 210,000 (prior data: small downward revision fro...
6 months ago
Global Interest Rate Decisions: A Week of Central Bank Action (or Inaction)
Still, this week promises to be interesting for global monetary policy, as traders and investors will be looking for clues on when interest rates might be going down.As expected in our previous article, the Swiss National Bank (SNB) and the Bank of Japan...
6 months ago
Oil: The Top Is Likely In For Now
However, prices should be well supported on the downside, with OPEC+ supply greater than consensus believes and a pick-up in global growth underway. As such, we are likely to see a rangebound market for the foreseeable future, one that is well supported o...
6 months ago
Yen and Gold Plunge While USD Soars – Exactly as Expected
And that IS a game-changer, even if many people fail to view it as such.This time, the trigger came from the inflation numbers that were above the expected levels and the market now is pricing the scenarios in which the Fed doesn’t cut rates as quickly as...
6 months ago
EUR/USD Weekly Price Forecast – Euro Continues to Plunge
Euro vs US Dollar Weekly Technical AnalysisThe Euro initially tried to rally during the week, but then it fell hard as we continue to see inflationary numbers come out of the United States. With that being the case, I think we are going to make a run towa...
6 months ago
AUD/USD Weekly Price Forecast – Australian Dollar Drops Hard For The Week
Australian Dollar vs US Dollar Weekly Technical AnalysisThe Australian dollar initially tried to rally during the course of the week but banged up against the top of the overall range and fell precipitously. A lot of this had to do with the hotter than an...
6 months ago
NASDAQ 100 Weekly Price Forecast – NASDAQ 100 Continues to Consolidate
NASDAQ 100 Technical AnalysisYou can see that the Nasdaq 100 has been all over the place this week as we continue to see a lot of noise in general. With that being said, I like the idea of taking advantage of short term dips, but it looks like we are esse...
6 months ago
S&P 500 Weekly Forecast – S&P 500 Continues to Pull Back
S&P 500 Weekly Technical AnalysisYou can see the S&P 500 did pull back a bit during the course of the week as it looks like we continue to see a lot of choppiness towards the top. At this point in time, though, we are entering earnings season, and...
6 months ago
Gold Weekly Price Forecast – Gold Markets Continue to Rally
Gold Markets Weekly Technical AnalysisGold on the weekly chart has shown three consecutive large candles in a row, and we are well above the 70 level in the Relative Strength Index. Regardless, this is a market that is showing no signs of pulling back, de...
6 months ago
Bitcoin Weekly Price Forecast – Bitcoin Continues to Consolidate Overall
Bitcoin Weekly Technical AnalysisTaking a look at the Bitcoin market you can see that we’ve gone back and forth during the course of the trading week. And in general, I think you’ve got a situation where we have a lot of noisy behavior, but I think we hav...
6 months ago