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David Song

USD/JPY Reverses Ahead of 50-Day SMA with Fed Rate Decision on Tap

Japanese Yen Talking PointsUSD/JPY rises for the second day following the kneejerk reaction to the US Personal Consumption Expenditure (PCE) Price Index, and the exchange rate may continue to retrace the decline from...

EUR/USD Rate Outlook Hinges on Fed Rate Decision

Euro Rate Talking PointsEUR/USD snaps the recent series of higher highs and lows following the European Central Bank (ECB) meeting, and the exchange rate may struggle to retain the advance from the monthly...

EUR/USD Rate Vulnerable to Another Rise in US PCE

EUR/USD Rate Talking PointsEUR/USD falls back from a fresh monthly high (1.0094) even as the European Central Bank (ECB) implements another 75bp rate hike, and fresh data prints coming out of the US...

Oil Price Breaks Out of Bull Flag Formation to Eye Monthly High

Crude Oil Price Talking PointsThe price of oil trades back above the 50-Day SMA ($86.68) after defending the monthly low ($80.87), and crude may continue to retrace the decline from the monthly high...

AUD/USD to Test 50-Day SMA on Break Above Monthly Opening Range

Australian Dollar Talking PointsAUD/USD trades back above the September low (0.6363) as it carves a series of higher highs and lows, and the exchange rate may attempt to test the 50-Day SMA (0.6593)...

Gold Price on Track to Test 50-Day SMA Ahead of US PCE Report

Gold Price Talking PointsThe price of gold trades to a fresh weekly high ($1675) as US Treasury yields fall to fresh weekly lows, and bullion may continue to retrace the decline from the...

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