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Forex Daily

Gold Price Outlook: XAU/USD Defends Critical Support- GLD Targets

Gold prices reversed off key support with the rally now eyeing the first resistance target at fresh weekly highs. Here are the levels that matter on the XAU/USD charts.

USD/MXN: Mexican Peso Plunging into Banxico Rate Decision

The Mexican Peso could continue to come under pressure amid technical weakness and the prospect of another Banxico rate cut expected to be delivered Thursday at 19:00 GMT.

USD/CAD Jumps with BOC Rate Odds; AUD/USD Hit as RBA Cut Odds Rise - Central Bank Watch

While the global economy may be avoiding a significant slowdown, traders are clearly signaling that they don’t think the “race to the bottom” may be over yet.

US Dollar Firms as AUD/USD Suffers, EUR/USD Drops - US Market Open

Australian Dollar slumps on weak labour market report, eyes on RBA QE talk. Euro remains soft despite Germany avoiding a technical recession.

Bitcoin (BTC) Price Struggle Continues, Mired by Conflicting Signals

Bitcoin is struggling to find a direction and is stuck in a six-week range as volatility subsides. Traders should be alert as quiet conditions sometimes pave the way for a sharp breakout.
 
 
 

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