The Canadian Dollar continues to weaken alongside crude oil prices. USD/CAD is facing a key moving average, will it be able to, or will prices break higher?
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Gold Prices Fly as Treasury Yields Dive, S&P 500 at Risk of Breaking Down
Gold prices resume their advance, supported by falling US Treasury rates. Meanwhile, the S&P 500 fails to extinguish bearish pressure despite the move in bond markets, a sign bulls may be bailing.
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Euro Forecast – EUR/USD Rebounds as Trendline Support Holds Bears at Bay. What Now?
EUR/USD gains after a subdued performance on Wednesday, as prices encounter support at a key technical trendline, setting the stage for a modest rebound in the FX space.
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South African Rand Forecast: ZAR Bid on Sticky Inflation and Weaker USD
USD/ZAR has pushed off the 50-day moving average today as a weaker USD takes hold ahead of key US releases later today.
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EUR/USD Unchanged After ECB Minutes, Heavy Data Calendar Next Week
The single currency is barely changed after the release of the latest ECB minutes showed that a majority of members agreed with a 50bp rate hike, although others preferred to keep rates unchanged.
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