Gold Price Forecast: Long-Term Technical Picture Remains Constructive for XAU/USD dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
Crude Oil Hampered by OPEC Demand Outlook, Gold Price Eyeing PPI Data 2021-03-12 06:00:00 Daniel Moss, Analyst
Gold Prices, Crude Oil, OPEC+, US PPI, Commodities Briefing – Talking Points:
Crude oil prices vulnerable to near-term pullback after OPEC trim demand estimates.
Rebounding yields place downward pressure on gold prices.
Gold could gain on soft US PPI figures . Advertisement
Crude oil prices have regained lost ground in recent days, as the gradual increase in road usage suggests that a broad recovery in overall fuel consumption is picking up speed. Apple mobility data shows that the number of people driving in Europe, the UK, and the US, has continued to rise since the start of the year, as the rollout of coronavirus vaccinations and falling rate of infections allows several developed economies to begin returning to a level of normality.
Japanese Yen 1Q 2021 Forecast: Key Trend Breaks Hint at Sustained Losses 2020-12-19 04:00:00 Daniel Moss, Analyst
JPY Technical Forecast: Bearish
NZD/JPY eyeing push to multi-year highs after clearing long-term trend resistance. Coming Soon! Download the NEW 1st Quarter Forecast Live on Monday on our Free Trading Guides Page!
The haven-associated Japanese Yen has lost significant ground against the cyclically-sensitive Australian and New Zealand Dollars, falling over 31% and 24% respectively since topping at the height of the coronavirus crash in March. These losses look set to extend into the first quarter of 2021 as both exchange rates breach key long-term resistance.
AUD/JPY Weekly Chart – Break Above 200-MA Hints at Further Gains