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David Song

Gold Price Vulnerable After Failing to Defend Monthly Opening Range

Gold Price Talking PointsThe price of gold bounces back from a fresh monthly low ($1643) as it attempts to retrace the decline following the update to the US Consumer Price Index (CPI), but...

Bull Flag Formation Takes Shape

Crude Oil Price Talking PointsThe price of oil halts a three-day selloff despite a larger-than-expected rise in US inventories, and crude may continue to hold above the 50-Day SMA ($87.58) as a bull-flag...

EUR/USD Reverses Ahead of 50-Day SMA to Snap Monthly Opening Range

EUR/USD Rate Talking PointsEUR/USD trades in a narrow range after snapping the series of lower highs and lows from last week, but failure to defend the opening range for October may lead to...

RSI Flirts with Overbought Zone Ahead of US CPI

Japanese Yen Talking PointsUSD/JPY trades to a fresh yearly high (146.97) after clearing the opening range for October, and the move back above 70 in the Relative Strength Index (RSI) is likely to...

AUD/USD Selloff Pushes RSI Back Into Oversold Territory

Australian Dollar Talking PointsAUD/USD trades to a fresh yearly low (0.6247) as it extends the series of lower highs and lows from last week, and the move below 30 in the Relative Strength...

USD/CAD Rate Clears October Opening Range Ahead of US CPI

Canadian Dollar Talking PointsUSD/CAD clears the opening range for October as it trades to fresh yearly high (1.3855), and fresh data prints coming out of the US may keep the exchange rate afloat...

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