Tag: Eye

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...

GBP/USD and EUR/GBP Eye US Data and ECB Meeting

GBP/USD and EUR/GBP - Prices, Charts, and AnalysisGBP/USD consolidates recent gains ahead of US data.EUR/GBP eyes the ECB policy decision later today. Recommended by ...

Gold Price Reverses Ahead of Yearly Low to Eye 50-Day SMA

Gold Price Talking PointsThe price of gold initiates a series of higher highs and lows as it bounces back from a fresh monthly low ($1617), and the precious metal may attempt to test...

USD/CAD to Eye Yearly High on Smaller BoC Rate Hike

Canadian Dollar Talking PointsUSD/CAD consolidates after clearing the opening range for October, but the exchange rate may attempt to retrace the decline from the yearly high (1.3978) as the Bank of Canada (BoC)...

Gold Prices Eye US PMI, Jobless Claims Data as FOMC Members Go Dark

Gold Price Fundamental Forecast: BearishGold prices fell last week as Treasury yields rose amid hawkish FedspeakA FOMC blackout period puts economic data in focus for rate tradersUS PMIs and weekly jobless claims data...

Oil Prices Eye EIA Inventory Data as Biden Administration Considers Extreme Actions

WTI Crude Oil, Inventory Data, EIA, Biden, Crack Spreads – Talking PointsWTI crude oil prices see a modest bounce after a sharp drop on additional SPR newsBiden administration said to be considering extreme...

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