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Euro Forecast: EUR/USD and EUR/GBP’s Path Tied to Fed and ECB Policy Outlook

July 22, 2023

There are many high-impact events on the economic calendar next week, but the most important catalysts for EUR/USD and EUR/GBP will be the Fed and …

Technical Analysis

What technical levels are driving the major currency pairs going into the new trading week

July 22, 2023

The following videos will help get you ready for the new trading week. Be sure to like them and share them if you feel worthy. …

Forecasts

Gold and Silver Prices Forecast: XAU/USD and XAG/USD Left Uncertain as Gains Vanish

July 22, 2023

Gold and silver prices disappointed traders as these precious metals gave up their upside progress. Is this undermining the XAU/USD and XAG/USD outlook for the …

Forecasts

Japanese Yen Forecast: USD/JPY, EUR/JPY at the Mercy of Intervention Talk

July 22, 2023

Yen weakness continued this week and was met with comments from Japanese Officials on possible FX Intervention ahead of ‘Central Bank Week’. At what point …

Forecasts

Australian Dollar Forecast: AUD/USD Sinks but US Dollar Might Be Key

July 21, 2023

The Australian Dollar has struggled to make ground despite strong local data as the US Dollar machinations continue to ricochet across markets. CPI lies ahead. …

Technical Analysis

EURGBP trades the technicals this week, that is good new for the next week’s trading

July 21, 2023

The EURGBP is major cross-currency pair that rose sharply this week. With the ECB meeting ahead next week, understanding the technical levels in play could …

Technical Analysis

WTI crude oil futures for September settle at $77.07

July 21, 2023

The price of WTI crude oil futures is settling near the high for the day at $77.07. That’s up $1.42 or 1.88%. The low for …

Technical Analysis

WTI crude oil has another look at the 200-day moving average

July 21, 2023

The chart of WTI crude oil pretty much speaks for itself. Baker Hughes reported that US drillers cut rigs by 7 this week and with …

Technical Analysis

AUDUSD trades lower today and makes a new week low heading into the weekend. What next?

July 21, 2023

The AUDUSD saw some up-and-down price action this week, with a ceiling near 0.6840 (there was a failed break on Thursday that was quickly reversed). …

Forecasts

British Pound (GBP) Forecast: GBP/USD and GBP/JPY Outlooks Diverge

July 21, 2023

The British Pound turned lower against a range of currencies this week after inflation data missed expectations, but GBP/JPY moved higher Friday. Source

Technical Analysis

USDCAD trades down and back up. Above the 100/200 hour MAs, but work to do.

July 21, 2023

The USDCAD traded in a relatively narrow trading range this week with the price reaching the week’s high on Tuesday. That move took the price …