Gold, Silver Price Forecast: Gold Snaps Back, Silver Tests Key Support

Precious metals put in a strong month of November but surprisingly, Silver has shown stronger bullish structure of late.

from DailyFX – Market News https://bit.ly/3iJGcTt
via IFTTT

USD/ZAR Grinds Lower – Strong GDP Data, Dollar Weakness Lifts the Rand

South African GDP beats estimates driving USD/ZAR back to a key level of technical support that could influence the short-term move.

from DailyFX – Market News https://bit.ly/3iHFJBq
via IFTTT

Bank of Canada Preview: Market Positioning Offers up Short-Term Opportunity

The BoC is due to raise rates by 25 or 50 basis points with market positioning square in the middle of the two outcomes. Positioning is likely to adjust on the outcome

from DailyFX – Market News https://bit.ly/3F9Ly1Q
via IFTTT

USD/JPY Records its Largest Daily Gain Since Mid-June, More Upside Ahead?

USD/JPY consolidates following yesterday’s gains. Due to the lack of economic data any further moves are likely to be driven by the dollar index.

from DailyFX – Market News https://bit.ly/3HnbCJA
via IFTTT

Euro (EUR/USD) Outlook Muted Ahead of ECB and Fed Policy Decisions

With little data or events of note on the economic calendar today, traders will start looking ahead to next week’s FOMC and ECB all important policy decisions

from DailyFX – Market News https://bit.ly/3h2cfxw
via IFTTT