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Gold Price Forecast: Less Hawkish FOMC to Fuel Larger Rebound

GOLD PRICE TALKING POINTS Gold prices may exhibit a more bearish behavior over the coming months as the Federal Open Market Committee (FOMC) ‘expects that economic conditions will evolve in a manner that will warrant further gradual increases in the federal funds rate,’ but fresh comments from the 2018-voting members may generate a larger rebound […]

CoT Update: Speculators Selling as Crude Oil Rallies

CoT Highlights: Large spec net-long decreases for a 4th week in a row May or may not hold any meaning, keep an eye on price action Large speculative positioning profiles for major markets/currencies For a measure of short-term sentiment readings, see the IG Client Sentiment page. Large speculators reduced their net-long in crude oil for […]

GBP/USD & GBP/AUD Sporting Weak Charts, Headed Lower

For intermediate-term fundamental and technical analysis on your favorite currencies and markets, check out the DailyFX 2Q Forecasts. GBP/USD Weak Price Action Cable’s inability to rally over the past couple of weeks following the precipitous decline off the April high has it positioned to move towards support around 13300, where there are several swing highs/lows […]

Gold Prices Remain Vulnerable as 2018 Range Snaps

GOLD PRICE TALKING POINTS Gold prices remain under pressure after snapping the range from earlier this year, and rising U.S. Treasury Yields may continue to sap the appeal of the precious metal as Fed Fund Futures highlight growing expectations for four rate-hikes in 2018. GOLD PRICES REMAIN VULNERABLE AS 2018 RANGE SNAPS, RELATIVE STRENGTH INDEX […]

AUD/USD Risks Larger Rebound as Bearish Momentum Dissipates

AUSTRALIAN DOLLAR TALKING POINTS AUD/USD pares the decline from earlier this week as fresh updates to Australia’s Employment report instills an improved outlook for the region, and the aussie-dollar exchange rate may stage a larger recovery over the coming days as the bearish momentum from earlier this year dissipates. AUD/USD Risks Larger Recovery as Bearish […]