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XNG/USD retreats from 200-SMA within weekly rising wedge
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Natural Gas Price seesaws around one-week high as the key technical levels challenge further upside.…
Can Stretched Long Positioning in XAU/USD Trump Technicals?
Gold, XAU/USD – Price Action & Sentiment:XAU/USD remains above vital support despite the jump in US Treasury yields.Retail traders’ long positioning looks stretched.What is the outlook and key levels to watch in XAU/USD?…
Higher Treasury yields triggered profit-taking in Nasdaq overnight
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A quiet US economic calendar overnight shifted much of the market focus to the Bank of Canada (BoC), who mirrored the Reserve Bank of…
XAG/USD eyes another battle with 21-DMA hurdle around $23.50
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Silver Price picks up bids to reverse the previous day’s retreat from three-week high.
Firmer MACD…
Dow Jones Gains, Nasdaq 100 Sinks as Major Bond Yields Soar Amid Surprise Rate Hikes
Dow Jones, Nasdaq 100, Bond Yields, Technical Analysis – Asia-Pacific Briefing:Dow Jones gains as Nasdaq 100 sinks amid rising bond yieldsThis follows unexpected rate hikes from the RBA and the BoCSentiment may turn pessimistic during…
Kiwi bears approach 0.6000 despite improving NZ Q1 Manufacturing Sales
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NZD/USD stays pressured at the lowest levels in a week.
NZ Q1 Manufacturing Sales improved from…
Gold and Silver Prices in Peril as Yields Surge, Technical Setup on XAU/USD
GOLD AND SILVER FORECAST:Gold and silver prices slide as U.S. yields surge across the Treasury curveNon-yielding precious metals tend to perform poorly when higher nominal rates boost returns on competing assets, such as government…
Previewing Canada’s Labor Market May 2023 Data
Feel like trading for some last-minute pips before the week ends?
Canada is printing its labor market data on Friday!
Here are points you need to know if you’re planning on trading the event:
Event in Focus:
Canada’s May Employment Data:…
Bears about to make a move at courageous bullish recovery
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USD/CAD bulls come up to meet resistance on the correction of the BoC induced sell-off.
USD/CAD…
Weak Chinese Trade Data Trims Copper’s Recent Rally
Copper Price Analysis and ChartChinese exports miss forecasts by a wide margin.Copper is now testing technical resistance.
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For all market-moving data…