Forecasts & Analysis
GBP/JPY Price Forecast – British Pound Gives Up Early Gains Against Yen
The British pound initially tried to rally a bit during the session on Friday but gave back the gains in order to show signs of weakness. By doing so, the market looks like a pullback could be coming.
EUR/USD Price Forecast – Euro Reaching Towards 1.22
The Euro has rallied significantly to break above the 1.21 handle during the trading session on Friday, as retail sales in America crumbled.
AUD/USD Price Forecast – Australian Dollar Bounces From 50 Day EMA
The Australian dollar rallied a bit during the trading session on Friday as it looks like support is going to continue to come back into this market.
Major Indices Bounce From Crucial Supports, Not All of Them Though
In today’s Traders Edge Market Briefing, Tomasz found these amazing setups we thought you’d find interesting!
Gold Price Futures (GC) Technical Analysis – Trading on Bullish Side of Daily Pivot at $1827.40
The direction of the June Comex gold market on Friday is likely to be determined by trader reaction to $1827.40.
Daily Gold News: Friday, May 14 – Gold Closer to Recent Local Highs
Gold is 0.5% higher this morning, as it is trading closer to the recent local highs. What about the other precious metals?
Crude Oil Price Update – Trader Reaction to $64.90 – $65.31 Should Determine Near-Term Direction
Aggressive counter-trend sellers could come in on a test of $64.90 to $65.31. They are going to try to form a potentially bearish secondary lower top.