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AUD/USD Rises on Positive Retail Sales Data, CPI Ahead

AUD/USD Rises on Positive Retail Sales Data, CPI Ahead

AUDUSD rallied into key resistance around the 0.6700 level. Will we see a break higher with momentum or are we in for another rejection?...
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EUR/USD Doesn’t Look Ripe for a Break Above 1.10 Ahead of H.8 Data

EUR/USD Doesn’t Look Ripe for a Break Above 1.10 Ahead of H.8 Data

The break last week above an important resistance has boosted hopes of a fresh leg higher in EUR/USD. However, it may be premature to conclude an unam...
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DAX 40, FTSE 100 May Stabilize Further as Retail Traders Boost Bearish Exposure

DAX 40, FTSE 100 May Stabilize Further as Retail Traders Boost Bearish Exposure

Recently, the DAX 40 and FTSE 100 have been stabilizing. Retail traders responded by boosting bearish bets. Is this a sign further gains could be in s...
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US Dollar Struggles to Gain Ground as Treasury Yields Leap. Where to for USD?

US Dollar Struggles to Gain Ground as Treasury Yields Leap. Where to for USD?

The US Dollar drifted lower as the markets digest the SVB rescue and Treasury yields run higher, calling into question a Fed pause. If risk assets con...
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Gold Could Find It Tough to Crack $2000

Gold Could Find It Tough to Crack $2000

Gold could find it tough to break above the key psychological $2000 as risk appetite appears to be stabilizing. What’s next for the yellow metal?...
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Crude Oil Price Surges on Easing Banking Woes and Supply Issues. Higher WTI?

Crude Oil Price Surges on Easing Banking Woes and Supply Issues. Higher WTI?

Crude oil prices jumped overnight on a combination of factors, including FDIC throwing SVB Financial a lifeline, the US Dollar weakening and tightenin...
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Natural Gas Price Outlook: Downside Momentum Fading with Falling Wedge in Focus

Natural Gas Price Outlook: Downside Momentum Fading with Falling Wedge in Focus

Natural gas prices continue aiming lower, but downside momentum is fading. That can at times precede a reversal as a Falling Wedge brews on the 4-hour...
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EUR/USD Bolts Toward Trendline Resistance, GBP/USD Threatens Bullish Breakout

EUR/USD Bolts Toward Trendline Resistance, GBP/USD Threatens Bullish Breakout

The U.S. dollar weakened widely at the start of the week amid positive market sentiment and reduced demand for haven positions, boosting high-beta cur...
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Gold Prices Sink as Yields Pop, Mood Improves, Bullish Momentum Exhausted for Now

Gold Prices Sink as Yields Pop, Mood Improves, Bullish Momentum Exhausted for Now

Gold prices fall sharply on Monday, undermined by rising U.S. Treasury yields and improving market sentiment on the prospect of more U.S. support for ...
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