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- August 21, 2023
- Market News
GBP/USD with Modest Gains but Remains at the Mercy of the DXY
Cable puts in modest gains to start the week buoyed by a weaker Dollar Index (DXY). Will Central Bankers at Jackson Hole provide a catalyst for a brea...
- August 21, 2023
- Market News
Stock Indices Steady as PBOC Reduces its 1-Year Loan Prime Rate to a Record Low
Outlook on FTSE 100, CAC 40 and Nasdaq 100 as the People’s Bank of China seeks to strike a balance between helping the faltering economy and stemmin...
- August 21, 2023
- Market News
AUD Price Forecast: No Respite for Aussie after Reserved China Rate Cut
AUD prices remain shaky after the China LPR rate announcement but investors cautiously await the upcoming BRICS summit & Jackson Hole Economic Sym...
- August 21, 2023
- Market News
Euro Steadies as Hang Seng Tanks on PBOC’s Shallow Cut. Lower EUR/USD?
The Euro eked out small gains to start the week as the US Dollar adjourns it bull run while China’s stimulus measures fall short of expectations. Wi...
- August 21, 2023
- Market News
New Zealand Dollar Reverses Gains After PBOC Move; NZD/USD, AUD/NZD, GBP/NZD Setups
NZD gave up early gains against its peers after China cut its one-year benchmark lending rate but left its five-year rate unchanged. What is the outlo...
- August 21, 2023
- Market News
US indices attempt to stabilise, while China’s loan prime rates delivered more modest response: Nasdaq 100, Hang Seng Index, US dollar
Major US indices were subdued to end last Friday, but nevertheless, it reflected an attempt to stabilise following three straight days of heavy losses...
- August 21, 2023
- Market News
Crude Oil Price Wanes with a Higher US Dollar and Treasury Yields. Where to for WTI?
Crude oil prices are slightly softer to start the week with the market looking for a rate cut from the PBOC today to boost China’s economic prospect...
- August 21, 2023
- Technical Analysis
British Pound Price Action Setups: GBP/USD Bearish Head & Shoulders in Focus
The British Pound consolidated against the US Dollar this past week, with GBP/USD seemingly forming a bearish Head & Shoulders chart pattern. What...
- August 21, 2023
- Market News
Markets Week Ahead: Gold, US Dollar, Nasdaq 100, Treasury Yields, Jackson Hole, China
Surging Treasury yields pushed down gold prices as the US Dollar outperformed and equity markets wobbled. Ahead, all eyes are on the Fed’s Jackson H...