USD/CAD Rate Rebound Fizzles Ahead of 50-Day SMA on Less Dovish BoC

The recent rebound in USD/CAD appears to be stalling ahead of the 50-Day SMA (1.2652) as the Bank of Canada (BoC) signals a looming shift in monetary policy.

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GOLD Outlook: XAU/USD Sideways Consolidation Gearing Up for Breakout

Third wave concerns and rising yields underpin the sideways consolidation in gold, but direction has got to come at some point

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Euro (EUR/USD) Price Outlook – Sellers Remain in Control as Support Breaks

The single currency is slipping lower against the US dollar and looks set to trade with a 1.17 handle in the very near future.

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British Pound (GBP) Latest: EUR/GBP Outlook More Positive, Further Gains Possible

The EUR/GBP cross rate has been edging higher for almost a week now and, while the advance has been modest, it could persist as an EU/UK vaccine war is averted.

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Dow Jones, Russell 2000 Probing Key Support as Reopening Trade Unwinds

The unwinding of the reopening trade in the face of a wave of fresh lockdowns and rising cases in Europe has weighed on the Russell 2000 and Dow Jones. However, this may prove short-lived given the…

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