Or more to come? Are we about to see silver break out of the descending channel and bring an end to months of a downtrend? The charts suggest we probably aren’t. Silver has rallied over the last week or so but today it’s run into significant ...

A busy week in store Another fascinating week in the markets and there’s little reason to think there isn’t plenty more to come in the final months of the year. Russian President Vladimir Putin calmed investor nerves this week, reassuring everyone ...

A shallow correction is all the euro could manage earlier this month and since then, the dollar has been back in control. The pair finally made new lows today which could potentially be the catalyst for much larger losses. But major support lies ...

How much lower will it go? Gold continued to fall on Tuesday, breaking below $1,740 and further losses could be on the cards. The yellow metal has come under significant pressure as central banks have prepared the markets for the end of pandemic era ...

The next few weeks will be interesting in GBPUSD with the pair seeing the currencies of two central banks intent on tightening going head to head. This is perhaps why it has entered into broad consolidation with the pair once again failing to make a ...

A breakout has been a long time coming in the GBPJPY pair, with the consolidation having started many months ago. With support and resistance now closing in, we may not have to wait much longer. While support has been found until now around 148.50, ...

It’s not often that bitcoin feels like it’s standing still but for weeks now, it looks like it’s been shaping up for a correction and it has neither corrected nor broken higher. Earlier this week it tested those lows (rough) around $44,000 and once ...

It’s been an interesting day for cable, one that saw the dollar retreat before the pair quickly reversed course which raises many questions. The reversal came at the 50 fib level which could be viewed as a bearish move. But it isn’t that simple. The ...

The dollar has come under pressure over the last couple of weeks as the economic data has necessitated a more dovish line from the Federal Reserve . The result is that, despite breaking below the 200/233-day SMA and into bearish territory, the pair ...

A strong rebound Oil prices have rebounded strongly over the last couple of weeks, with WTI coming within a whisker of $70 before profit-taking kicked in. The pullback today was short-lived and after falling close to $67 it recovered the bulk of the ...

OANDA Senior Market Analyst Craig Erlam discusses the breakout in EURUSD ahead of the US jobs report.

Powell delivers dovish gift Gold appears to be eyeing its mid-summer highs after Powell’s comments during the virtual Jackson Hole event. Powell delivered what the markets wanted to hear. No immediate taper, an awareness of the downside risks for ...

Now that Jackson Hole is over, the focus shifts back onto the economic recovery. Investors will pay close attention to every data point that can give possible insights into the labour market recovery and if pricing pressures continue to heat up. A ...

Sell-off running on fumes EURUSD has been on a downtrend for the last few months but with momentum running low, it may be preparing for a correction. A move through the descending channel may signal that a corrective move is underway, especially ...

OANDA Senior Market Analyst Craig Erlam discusses the recent move into bearish territory for GBPUSD and what impact the Jackson Hole meeting could have on the pair.

Facing major resistance Gold has come a long way over the last couple of weeks when it suffered a flash crash at the start of the week. Since then, not only has it rebounded strongly, it’s crossed back above the support level that was the catalyst ...

The pound slid following the release of the UK jobs report on Tuesday, despite the headline numbers looking broadly positive for the country. The UK labour market looks in a very strong position as the furlough scheme continues to be phased out. The ...

OANDA Senior Market Analyst Craig Erlam talks about price movements in bitcoin as it threatens to break some big levels and shakes off the Tuesday’s record crypto hack.

OANDA Senior Market Analyst Craig Erlam discusses the gold chart in the minutes following the big ADP employment miss.

The pound has reached an interesting level against the dollar, one that could determine whether the pair is back in bullish territory or the end of a correction. The pair found strong support around the 200/233-day SMA band a couple of weeks ago and ...