Currencies News
OPEC+ Preview: Crude Oil Prices Linger Ahead of Production Guidance
June 4, 2023
4:59 am
Brent crude oil prices look for directional bias from the upcoming OPEC+ meeting with the cartel grappling with many moving parts.
Gold Price Forecast: Dreams of Fresh Record Shattered for Now as Bears Pounce
June 3, 2023
8:00 pm
The outlook for gold is starting to become more bearish from a fundamental standpoint, as the resilience of the U.S. economy could induce the Federal Reserve to continue raising rates later this year.
Euro Weekly Forecast: EUR/USD Ends Week with a Whimper but a Recovery Remains in Play
June 3, 2023
9:00 am
A rather disappointing week on the whole as EURUSD in particular struggles for direction while the Euro lost further ground to both the GBP and JPY. Given the lack of catalysts ahead, is there any reason to expect the Euro to arrest its slump?
Gold Price Recovery Runs Out of Steam as Red-Hot US Jobs Data Boosts Yields
June 2, 2023
6:00 pm
Gold prices fell on Friday, weighed by rising U.S. Treasury yields as strong U.S. labor market data bolstered the case for higher-for-longer interest rates.
British Pound Week Ahead: GBP/USD, EUR/GBP and GBP/JPY Outlooks
June 2, 2023
4:00 pm
The British Pound has enjoyed a strong week against a range of currencies, propped up by expectations that UK interest rates are going to have to go even higher.
May Jobs Report: NFP Smashes Estimates as US Unemployment Rises to 7-Month High
June 2, 2023
1:00 pm
NFP rises once more with April’s number seeing an upward revision. The unemployment rate did tick higher further complicating the job of the Federal Reserve ahead of its June meeting.
US Dollar (DXY) on the Backfoot Ahead of the US Jobs Report (NFP)
June 2, 2023
11:25 am
The greenback is at a one-week low after a positive outcome to the US debt ceiling debate. Recent data shows that the US jobs market remains strong, what will today’s NFPs tell us?
USD/JPY Price Forecast: Dollar Decline Provides Respite for the Yen
June 2, 2023
10:04 am
The yen appears to be benefitting from the Fed’s recent comments favouring a “skip” at this month’s FOMC meeting. Levels for a bearish continuation analysed
Outlook on FTSE 100, DAX 40 and S&P 500 as US government agrees to raise the country’s debt ceiling.
June 2, 2023
9:30 am
Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context.
GBP/USD Price Forecast: Pound Rally Awaits NFP Confirmation
June 2, 2023
7:59 am
GBP/USD has scope for further upside with bullish technical patterns in focus ahead of the NFP report.
Crude Oil Price Jumps on Optimism Ahead of OPEC+ Meeting. Where to for WTI?
June 2, 2023
1:00 am
Crude oil prices made solid gains going into Friday after some sound economic numbers and a softening US Dollar with the focal point turning toward the OPEC+ meeting. Will WTI gap again?
Gold Prices Set for Best Week Since Early April, Will NFP Data Take This Away?
June 1, 2023
11:00 pm
Gold prices are eyeing the best week since the beginning of April after shockingly disappointing US ISM prices paid data brought back Fed rate cut bets. Is the technical setup matching momentum?
EUR/USD Turns the Tide as USD/JPY Fumbles, USD/CAD Carves Out Double-Top Pattern
June 1, 2023
7:00 pm
EUR/USD regains poise after bouncing off technical support near the 1.0640/1.0600 area. Meanwhile, USD/JPY extends its correction as USD/CAD carves out a bearish double-top formation.
NFP Preview: Dollar Waning Heading Into US Jobs Report
June 1, 2023
5:30 pm
Consensus around Friday’s NFP report has payroll growth to decline to 190K in May, while markets grapple with recent leading indicator data.
Silver Price Update: Silver Claws Back Losses amid Dollar Decline
June 1, 2023
4:00 pm
Comments by prominent Fed members cause a wild swing in future rate expectations, sending the dollar lower. Silver appears to be trading higher off key support
US Dollar Sluggish as Poor Manufacturing PMI Strengthens Case for Fed Pause
June 1, 2023
2:25 pm
Weak factory activity data and rapidly falling prices paid by manufacturers in May could strengthen the case for the Fed to hold rates steady at its meeting this month, a move that could weigh on the U.S. dollar.
Gold Price Latest: XAU/USD Pushing Higher, Treasury Yields Remain Volatile, Jobs Reports Near
June 1, 2023
1:00 pm
Short-dated US bond yields can’t make their mind up if they are going lower or not, and this is leaving gold traders at risk of increased volatility.
GBP/USD Price Outlook: Cable Bid after the Fed Signals a “Skip” in June
June 1, 2023
11:30 am
Fed Governors came out and signaled their preference for a “skip” at the next FOMC meeting, sending the dollar lower. NFP up next as the major event risk ahead
Dow Jones and CAC40 Stabilise While Nasdaq 100 Edges Down
June 1, 2023
10:30 am
The Dow and CAC40 have rallied off their Wednesday lows, while the Nasdaq 100 has moved lower after its fourteen-month high earlier in the week
Euro Area Inflation Slows Hitting February 2022 Lows, EUR/USD Bid
June 1, 2023
9:38 am
Euro Area inflation fell across the board in May with both the core and YoY print beating forecasts. Despite the positive data, it is unlikely to deter the ECB from hiking rates at its upcoming meeting.