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Forex
Silver Price Forecast: XAG/USD accelerates losses, $37.60 support in danger
Silver fails to extend gains beyond $38.50 and retreats to $37.60 support.Hopes of a US-China trade deal and of peace in Ukraine are weighing on precious…
Brent retreats after failing to break above 200-DMA – Société Générale
Brent crude’s inability to hold above the key $71 mark is reviving bearish sentiment, with technicals pointing to deeper losses if support at $63 gives way,…
AUD/USD: Expected to trade in a range of 0.6510/0.6535 – UOB Group
Australian Dollar (AUD) is expected to trade in a range of 0.6510/0.6535. In the longer run, a narrower range of 0.6470/0.6555 is likely enough to contain the…
USD consolidates, focus on US inflation data – Scotiabank
FX trading is relatively subdued. There are no major data reports from the US or Canada this morning but the week ahead delivers updates on US CPI, PPI, Import…
USD/CAD Price Forecast: Stabilizes above 20-day EMA around 1.3770
USD/CAD ticks up to near 1.3770, with investors shifting their focus to the US CPI data for July.Economists expect the US inflation to have grown at a faster…
NZD/USD: Likely to trade in a range of 0.5935/0.5965 – UOB Group
New Zealand Dollar (NZD) is c. In the longer run, upward momentum is building, but not significantly; NZD could edge higher, but it is currently unclear if it…
CAD drifts in range after disappointing jobs data – Scotiabank
The Canadian Dollar (CAD) has drifted a little lower in quiet trade so far today but movement is limited spot is trading not far off of levels seen last Friday…
What happens if you overfund your IRA?
Contributing regularly to an Individual Retirement Account (IRA) is one of the pillars of a good retirement planning strategy. But exceeding IRS limits can…
USD/JPY: Any advance is likely to be part of a higher range of 147.20/148.25 – UOB Group
US Dollar (USD) could rebound further, but any advance is likely to be part of a higher range of 147.20/148.25. In the longer run, downward momentum is…
EUR quiet ahead of Tuesday’s ZEW – Scotiabank
The Euro (EUR) is entering Monday’s NA session flat against the US Dollar (USD) as it extends its consolidation of last week’s gains, Scotiabank's Chief FX…