Forecasts & Analysis

Gold bulls kept the yellow metal up on Friday as global investors turned their attention to safe-haven assets after a surge in daily COVID-19 cases in U.S.

The direction of the August WTI crude oil market on Friday is likely to be determined by trader reaction to the 50% level at $39.08.

When we observe people on the streets, when we see crowded restaurants and pubs, it seems like the pandemic has ended. But is the global epidemic really over?

the little momentum that crude oil had, is waning. This is bearish, because it shows that the buying power is drying up or that it’s almost gone.

GBP/USD briefly traded at a fresh three-week high yesterday before turning lower to post a small daily loss which ended a four-day bullish streak.

EUR/USD briefly traded at a fresh 4-week high yesterday before sellers stepped in to hold the currency pair within its broader range.

Based on the early price action, the direction on Friday is likely to be determined by trader reaction to the 50% level at $1798.10.

The direction of the September U.S. Dollar Index on Friday is likely to be determined by trader reaction to the 50% level at 96.690.

GBP/USD failed to settle above the resistance at 1.2650 and declined below 1.2600.

The direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the 50% level at 1.1278.