Forecasts & Analysis |

Gold has been trading sideways recently, but this won’t last forever – the yellow metal is likely to move downward before continuing its rise.

USD/CAD settled back above 1.2450 and is testing the resistance level at 1.2480.

The Canadian dollar pared early gains against its U.S. counterpart on Friday as crude oil prices marched higher and the greenback recovered after U.S. consumer spending outpaced expectations in June.

The stock made an attempt to settle below $3310.

The party was just gathering steam, and then… Powell entered, the ultimate spoilsport, making the Fed dovish again. How long till he gets kicked off?

The oil market no longer appears to be viewing the issue of demand destruction with quite the same alarm as it was at the beginning of last week

Silver managed to get back above $25.50 and is testing the resistance at the 20 EMA at $25.60.

Today gold is 0.4% lower, as it’s trading slightly below $1,830 mark. What about the other precious metals?

The Australian and New Zealand Dollars are trading lower on Friday, pressured by a drop in demand for higher risk currencies that is being fueled by a plunge in global equity markets.The Aussie and Kiwi are being underpinned, however, by a weaker U.S. Dollar. Meanwhile, the Covid situation in Australia

Another attempt to settle above the resistance at $40,000 yielded no results.