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David Song

Gold Price Weakness to Persist on Failure to Defend Monthly Opening Range

Gold Price Talking PointsThe price of gold trades back below the 50-Day SMA ($1718) after failing to test the September high ($1735), and bullion may face a further decline over the coming days...

USD/JPY Rises for Fourth Day to Push RSI Towards Oversold Territory

Japanese Yen Talking PointsUSD/JPY clears the opening range for October as it extends the advance following the US Non-Farm Payrolls (NFP) report, and a move above 70 in the Relative Strength Index (RSI)...

AUD/USD Rate Eyes September Low with US NFP Report on Tap

Australian Dollar Talking PointsAUD/USD trades to a fresh weekly low (0.6389) after struggling to retrace the decline following the Reserve Bank of Australia (RBA) meeting, and the exchange rate may fail to defend...

Oil to Mirror August Price Action on Failure to Hold Above 50-Day SMA

Crude Oil Price Talking PointsThe price of oil extends the advance from the start of the week as the Organization of Petroleum Exporting Countries (OPEC) announce plans to cut production, but crude may...

Gold Price Climbs Above 50-Day SMA to Approach September High

Gold Price Talking PointsThe price of gold clears the former-support zone around the July low ($1681) as it extends the series of higher highs and lows from last week, with bullion on the...

USD/CAD Rate Pulls Back to Generate RSI Sell Signal

Canadian Dollar Talking PointsUSD/CAD carves a series of lower highs and lows as it extends the decline from the yearly high (1.3837), and the exchange rate may face a larger pullback over the...

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