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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.

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By : David Song
Yesterday 06:30 PM
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Australian Dollar Short-term Outlook: AUD/USD Bears Lay in Wait

Australian Dollar is poised to mark a fifth-weekly loss with AUD/USD testing trend support into the yearly open. Battle lines drawn on the short-term technical charts.

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Gold Price Forecast: XAU/USD Follows Up Strongest Year Since 2010

Gold gained 27.23% in 2024, the strongest yearly gain since 2010. But the prior episode led to a significant top in 2011 as gold prices then went nine years without a fresh ATH.

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Oil Price Forecast: WTI Surges into 2025 as Bulls Go for the Break

Oil prices rallied more than 10% off the December lows with WTI attempting to breakout of a six-month downtrend. A multi-timeframe view of the oil technical charts.

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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.

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By : David Song
January 2, 2025 08:32 PM
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Iron Ore Bears Eye Simandou Shock in 2025

A tidal wave of high-grade supply from Guinea’s Simandou project threatens to crush iron ore prices in 2025. With Chinese port inventories near record highs and global steel output faltering, the $100 iron ore era looks increasingly shaky. Bears have waited years for fundamentals to reassert themselves; next year could finally be their moment.

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January 2, 2025 06:30 PM
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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.

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By : David Song
January 2, 2025 05:55 PM
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Gold Price Forecast: XAU/USD Poised for January Breakout

Gold defended support for a sixth week with the January opening-range taking shape just above. Battle lines drawn on the XAU/USD weekly technical chart.

EUR/USD Opens 2025 with Fresh Two-Year-Low: 1.0200 Next Big Level Down

EUR/USD is opening 2025 with a fresh two-year-low as sellers extend the bearish trend that started earlier this week. Parity is an obvious point of interest but there’s a big spot of possible support along the way at the 1.0200 handle.

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January 2, 2025 04:02 PM
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Nasdaq 100 – Dow Ratio: Focus on Concentration Rather than Timing Risk Trends - Top Trade of 2025

Over the past year, the concentration into top market cap stocks – which aligns to tech – has pushed the Nasdaq 100 to Dow ratio well above the Dot-com peak

January 1, 2025 10:00 PM
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Top 2025 Trades: Bullish U.S. Equities (After a Pullback)

Stocks continued with strength in 2024 and with a market-friendly administration taking over in the United States, the backdrop is open for continuation of equity gains.

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January 1, 2025 07:30 AM
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2025’s Biggest Surprise: Could China’s Economy Fall Off a Cliff?

Chinese consumer confidence is weak, domestic consumption remains muted, and unemployment among youth has surged, raising concerns about unrest and long-term stagnation.

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AUD/USD Vulnerable to Change in RBA Policy

AUD/USD holds below pre-US election rates as trades at its lowest level since 2022.

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By : David Song
December 31, 2024 03:30 PM
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