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David Song

Oil Price Reverses Ahead of Monthly Low to Keep Bull Flag Formation Intact

Crude Oil Price Talking PointsThe price of oil trades in a narrow range despite an unexpected decline in US inventories, but a bull-flag formation may unfold over the coming days as crude appears...

Gold Price to Fall Towards April 2020 Low on Failure to Defend Yearly Low

Gold Price Talking PointsThe price of gold remains under pressure after failing to defend the opening range for October, and bullion may fall towards the April 2020 low ($1568) if it fails to...

EUR/USD Rate Rebounds Ahead of Yearly Low to Approach 50-Day SMA

EUR/USD Rate Talking PointsEUR/USD carves a series of higher highs and lows following the kneejerk reaction to the US Consumer Price Index (CPI), and the exchange rate appears to be on track to...

AUD/USD Rebound Pulls RSI Out of Oversold Zone Ahead of Australia Employment

Australian Dollar Talking PointsAUD/USD appears to be stuck in a narrow range following the kneejerk reaction to the US Consumer Price Index (CPI), but fresh data prints coming out of Australia may prop...

USD/JPY Rally Pushes RSI Into Overbought Territory

Japanese Yen Talking PointsUSD/JPY registers the longest stretch of advance since April 2011 as it rallies for nine consecutive days, and the exchange rate may continue to appreciate over the coming days as...

Canadian Dollar Vulnerable to Another Slowdown in Canada CPI

Canadian Dollar Talking PointsRecent developments in the Relative Strength Index (RSI) raise the scope for a near-term pullback in USD/CAD as the oscillator reverses ahead of 70, but the update to Canada’s Consumer...

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