Gold Trade in Profit After Lackluster NFP Job Numbers

Gold Trade in Profit After Lackluster NFP Job Numbers

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Today's Non-Farm Payroll (NFP) job numbers were certainly worse than anticipated and the US Dollar Index (DXY) has shown that on the charts. With technical and fundamental pressure from bears, we expect a weaker Dollar in the coming weeks and…
Gold Longs Setting up as Dollar Resumes Drop

Gold Longs Setting up as Dollar Resumes Drop

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The US Dollar Index (DXY) is set to resume its push lower as price spent much of the week in consolidation. As a result, the Forex majors and as well as commodities like Gold should push higher. After creating a mini range between 91.150…
US Oil Ready to Push Higher as Dollar Stagnates

US Oil Ready to Push Higher as Dollar Stagnates

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Another day in the markets and another day the US Dollar Index is stuck in a range. While the Dollar decides on a direction, US Oil (Crude) is set to make a run at the high of the year. There are days and even weeks at a time where the Dollar…
DXY Stuck Below 91.400 + Doge and Ethereum to New Highs

DXY Stuck Below 91.400 + Doge and Ethereum to New Highs

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The Dollar is stuck in a range between 90.850 and 91.400 and the price has attempted several times to push higher but has not been successful. Meanwhile, many of the popular cryptos are extending to new all-time highs. After retesting 91.400…
DXY Bulls Take Charge + Major Shorts for Next Week?

DXY Bulls Take Charge + Major Shorts for Next Week?

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After starting the week off on a bearish note, the US Dollar Index is up 0.72% for the day with more upside on the way. This should provide short opportunities for the Forex majors next week. Typically huge movements in the Dollar are seen…
Gold and Ethereum Longs With Dollar Stuck in a Limbo

Gold and Ethereum Longs With Dollar Stuck in a Limbo

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After retesting and rejecting the previous low of 90.700, the US Dollar Index (DXY) is set to head lower. As a result, the majors, as well as commodities like Gold and Ethereum, should gain on the Dollar. Although the US Dollar is headed…
Fed Keeps Stimulus Unchanged + Dollar Pushes Lower

Fed Keeps Stimulus Unchanged + Dollar Pushes Lower

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Today's FOMC press conference was fairly similar to the previous one where Fed Jerome Powell reiterated the dire situation due to the pandemic. With this briefing, the Dollar has pushed past below this week's low. Powell did say the economy…
Bitcoin and Ethereum Set to Move Higher as Dollar Moves Lower

Bitcoin and Ethereum Set to Move Higher as Dollar Moves Lower

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The Dollar had one more retracement left in its tank as the price was able to stay above 90.850. Further downside is expected, however, and both Bitcoin and Ethereum look to resume their uptrends. After yesterday's rejection of 90.850, it…
EURUSD Longs Back on Table + DXY Set to Fall Again

EURUSD Longs Back on Table + DXY Set to Fall Again

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After an eventful week in Forex markets last week, this week seems to be just as promising. The Dollar is looking to head lower and several key fundamental events throughout the week should provide volatility and price movement. The US Dollar…
Major Longs For Next with Weaker Dollar Expected

Major Longs For Next with Weaker Dollar Expected

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After a few days of bouncing between 90.850 and 91.400, the US Dollar Index is set to head lower next week. As a result, traders should focus on longs for the major currency pairs. To start the week, the Dollar made a deliberate push below…