David Song
David Song
Strategist
Expertise: Macroeconomics, Technical Analysis
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EUR/USD Halts Three-Day Selloff to Keep RSI Out of Oversold Territory
EUR/USD halts a three-day selloff to keep the Relative Strength Index (RSI) out of oversold territory.
USD/CAD Rebound Pushes RSI Back Towards Overbought Zone
USD/CAD extends the rebound from the weekly low (1.4338) to push the Relative strength Index (RSI) back towards overbought territory.
British Pound Forecast: GBP/USD Pushes Below May Low to Eye 2024 Low
GBP/USD trades below the May low (1.2446) as it extends the decline from earlier this week.
AUD/USD Vulnerable to Change in RBA Policy
AUD/USD holds below pre-US election rates as trades at its lowest level since 2022.
US Economy Proves Stronger-Than-Expected in 2024
The US economy performed better-than-expected in 2024, with the International Monetary Fund (IMF) upgrading its growth forecast for the region.
2025 Central Bank Outlook Preview
Major central banks may further adjust monetary policy in 2025 as the European Central Bank (ECB) insists that ‘the disinflation process is well on track,’ but the Federal Reserve may change gears at a slower pace as Chairman Jerome Powell and Co. forecast less rate-cuts for next year.
US Dollar Forecast: EUR/USD Defends Yearly Low to Keep RSI Above 30
EUR/USD appears to be defending the yearly low (1.0333) as it rebounds from a fresh monthly low (1.0343).
GBP/USD Holds Below Pre-Fed Levels Even as BoE Keeps Bank Rate Steady
GBP/USD struggles to retrace the decline following the Federal Reserve interest rate decision even as the Bank of England (BoE) keeps the Bank Rate at 4.75%.
USD/JPY Rallies as Fed Forecasts Less Rate-Cuts for 2025
USD/JPY rallies to a fresh monthly high (154.64) even as the Federal Reserve implements a 25bp rate-cut at its last meeting for 2024.
US Dollar Forecast: AUD/USD Approaches November 2023 Low
AUD/USD approaches the November 2023 low (0.6318) as it gives back the advance from the start of the week.
USD/CAD Pullback Keeps RSI Below Overbought Territory
USD/CAD pulls back from a fresh yearly high (1.4271) to keep the Relative Strength Index (RSI) below overbought territory