Gold Forecast: Gold Continues To Consolidate Near Bottom Of The Overall Range
Anything below $1,980 would obviously be very negative, especially considering that the 200-day EMA is racing towards that level.
BTC/USD Signal: Bitcoin Has More Upside as Risk-On Sentiment Prevails
The BTC/USD pair bounced back from last week’s low of 38,505 to a high of 43,000. It still remains much lower than the year-to-date high of 49,100.
AUDUSD Market Analysis: Navigating The Downward Trend
The AUDUSD has been experiencing an ongoing downtrend, with the potential for significant market changes in the near future.
USD/CAD Improves To Near 1.3450 As Risk-Off Mood Spurs On Middle East Tension
USD/CAD moves in an upward direction on risk aversion sentiment. Upbeat WTI prices could limit the losses of the Canadian Dollar.
Biden administration and the US military formulate plans, including the possibility of carrying out strikes into Iran.
EUR/USD Forecast: Firm Dollar Casting Shadows Ahead Of FOMC
Elevated geopolitical tensions in the Middle East dampened risk sentiment. Recent data indicated a moderate increase in US prices for December. The US Federal Reserve will most likely keep rates unchanged on Tuesday.
Where Things Stand Into Fed Week
We closed out the previous week with another round of solid US economic data. Interestingly enough, the market hasn’t really wanted to react all that much.
Analytical Overview Of The Main Currency Pairs - Monday, January 29
The EUR/USD pair initially fell to a 6-week low on Friday after the German Feb GfK Consumer Confidence Index unexpectedly fell to an 11-month low.