Gold Tags Fresh Record High Price as Extreme RSI Reading Persists

Gold tags a fresh record high price ($1988) on the first day of trade for August, while the extreme RSI reading persist along with the crowding behavior in the US Dollar.

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New Zealand Dollar Poised to Rise Ahead of Unemployment, Inflation Data

The NZD/USD exchange rate may continue to climb ahead of New Zealand unemployment and inflation data after breaking above pivotal chart resistance.

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JPY May Fall if PMI Data in Key Supply Chain Economies Brightens Outlook

The Japanese Yen may fall if PMI data out of key Asian supply chain economies points to regional stabilization despite a rising number of Covid-19 cases across the world.

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AUD/USD Outlook Mired Ahead of RBA as RSI Divergence Takes Shape

AUD/USD trades near the 2020 high (0.7227) ahead of the Reserve Bank of Australia (RBA) rate decision, while the RSI threatens the upward trend established in July.

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S&P 500 Gains with Tech Earnings, Nikkei 225 Looks for Support

The S&P 500 index ended July with a 4% monthly gain, with technology firms doing most of the heavy-lifting. The Nikkei 225 index is looking for support at 21,900.

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