Gold Price Outlook – Looking to Build the Next Leg Higher?

The precious metal tested and rejected a multi-month level of resistance but looks to make a fresh attempt in the coming days.

from DailyFX – Market News https://bit.ly/3VTMUoy
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Currency Carry Trade: What is it and how does it work?

Learn how to calculate and implement currency carry trades in your forex trading strategy.

from DailyFX – Market News https://bit.ly/3UuWWLG
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Crude Oil Forecast: EU Sets Russian Oil Price Cap at $60, OPEC+ Unchanged

Brent crude oil is trading marginally higher this Monday after the EU decided on a Russian oil price cap of $60 per barrel.

from DailyFX – Market News https://bit.ly/3gWKW82
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Euro Hits a High Note Amid China Re-opening Hopes and OPEC+. Where to for EUR/USD?

The Euro has run higher after the US Dollar collapsed again today amid a strong jobs number, OPEC+ news and China potentially re-opening. Will this drive EUR/USD higher?

from DailyFX – Market News https://bit.ly/3OZXgkd
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Japanese Yen Technical Outlook: USD/JPY, EUR/JPY, GBP/JPY Setups

The Japanese Yen has held firm against major counterparts as the safe-haven currency stabilizes around technical levels. USD/JPY, EUR/JPY, GBP/JPY price action.

from DailyFX – Market News https://bit.ly/3Hr7OHF
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