Forecasts & Analysis |

Bitcoin settled below the support at $39,200 and is testing the next support level at $38,000.

Crude and products likely declined last week with both distillates and gasoline stockpiles predicted to have fallen for a third straight week.

EUR/USD did not manage to settle below the support at 1.1860 and is trying to get above the resistance at 1.1880.

GBP/USD failed to settle below the 50 EMA and is trying to get back above the resistance at 1.3900.

The RBA’s surprise move and Lowe’s comments suggest they believe the economy will bounce back quickly from the current lockdowns.

Eli Lilly and Company, a pharmaceutical giant based in Indianapolis, is expected to report earnings of $1.93 per share, representing a year-over-year increase of over 2% from $1.89 per share a year ago.

With the Federal Reserve not scheduled to meet until September 21-22, the USD/JPY is going to take its signals from economic reports and Fed speakers.

RBA expected to leave interest rates unchanged and to walk back its plan to begin tapering its stimulus, due to protracted COVID-19 lockdowns.

US yields slide

Declining U.S. yields help silver gain a foot hold