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Gold prices

Silver Price Ascending Triangle Nears its Convergence Zone

The silver price is in a tight range as traders wait for the outcome of Joe Biden’s $1.9 trillion stimulus package. The metal is trading at $26.60, which is slightly below last week’s high of $28.32.  What happened: Silver traders are mostly focused on the ongoing stimulus deliberations in Washington. […]

USDCAD

USD/CAD – Two Patterns Signal More Upside Potential

The USD/CAD pair is one of the hardest-hit pairs this 2021. The move higher in the crude oil price triggered a strong CAD reaction, and the USDCAD dropped several big figures. Now that the price of oil is consolidating and the USD shows some signs of strength, the USD/CAD struggles […]

DAX

Dax Index Back at 14,100 – Bullish Break or Triple Top?

Dax Index had a strong bounce from Friday’s laws as it climbed all the way back to the key resistance area at 14,100. A daily close above this area should be bullish medium to long term because the Dax may have formed an ascending triangle. However, without such a break, […]

Barclays

Barclays and Lloyds Share Price Forecast: Buy, Sell or Hold?

The Barclays and Lloyds share prices have done well this year. The two have risen by 12% and 11%, respectively this year. The two banks, together with NatWest, HSBC, and Standard Chartered will be in the spotlight today as Rishi Sunak reads the UK budget. The background: Lloyds Bank is […]

Brexit

Top FTSE 100 Shares to Watch on the UK Budget Day

The FTSE 100 is rising ahead of Rishi Sunak’s budget reading scheduled for later today. The Footsie is also rising because of the performance of UK gilts.  What happened: Futures tied to the FTSE index are rising ahead of the budget reading. The highly-anticipated event will provide an outline for […]

GBPUSD

GBP/USD Forecast: UK Services PMI and Budget in Spotlight

The GBP/USD is wavering ahead of the UK services PMI numbers and annual budget reading. The GBP to USD pair is trading at 1.3953, where it has been in the past few hours.  GBP/USD news: The biggest focus among sterling traders will be the UK budget by Rishi Sunak. In […]