Weak Economic Data supported higher prints – GOLD Market Outlook – 26/11/2020
Gold hit our long entry resistance target at 1815, bouncing off the 1800 [...]
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GBPUSD TO DROP ON WEAKENING MACRO DATA, DESCENDING TRIANGLE SUPPORTS THE MOVE
GBPUSD, Daily
Weakening U.K. macro data, dovish guidance from BoE governor Carney, and a series of consecutive lower tops and bottoms on the GBPUSD price is creating a technical bearish descending triangle that supports my view that the pair will trend lower towards the price objections 1.4960 (Target 1) and 1.4890 (Target 2). Given that this week is filled with scheduled market moving events i.e U.S. Fed Speak, Friday NFP, which should create wide price swings, supports my view to look for an opportunity of strength to sell into around the 1.5170 – 1.5225 zone.
Wednesday, 02 Dec, 2015 / 12:06
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Euro bulls targeting 1.20 – EUR/USD Market Outlook – 26/11/2020
The Euro extends gains above 1.19 after weaker than expected US macro data [...]
The Fed considers helping the US economy “fairly soon”, the ECB [...]
