• October 24, 2023
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Euro (EUR) Latest: EUR/USD Nudges Lower after Weak Eurozone PMI Data

The latest PMI data suggests the possibility of a mild recession in the Eurozone in H2 and this will add further pressure on the ECB to leave interest rates unchanged at this week’s meeting....
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  • October 24, 2023
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UK Breaking News: Unemployment Rate Drops in August, GBP Lifts

The Office for National Statistics released the delayed unemployment data for August, revealing an addition of 20.4k jobs and a slight drop in the unemployment rate...
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  • October 24, 2023
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Bitcoin Aiming for 39,000? BTC/USD & ETH/USD Price Setups

Cryptocurrencies have surged on hopes that the US could soon approve a bitcoin exchange-traded fund. Technical charts suggest there is room for further rise....
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  • October 24, 2023
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Gold Price Steadies After Treasury Yields Collapse, Sinking USD. Where to for XAU/USD?

The gold price stemmed the slide going into Tuesday after a volatile session overnight with the US Dollar undermined by investors tilting their view for bonds. Lower XAU/USD?...
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  • October 24, 2023
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Has the US Dollar Hit an Inflection Point? GBP/USD, AUD/USD, EUR/USD, USD/JPY

The US dollar’s rally is showing signs of fatigue ahead of the Oct. 31-Nov.1 FOMC meeting. What is the outlook and what are the key levels to watch in EUR/USD, GBP/USD, AUD/USD, and USD/JPY?...
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  • October 24, 2023
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Euro Jumps on Treasury Yield Slide and a Technical Break. Higher EUR/USD?

The Euro appears to have broken the descending trend as the US Dollar faces a test of resolve with Treasury yields dipping lower. If the Euro holds ground, will EUR/USD rally?...
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  • October 24, 2023
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US Dollar Index (DXY) Update: US Dollar Retreats with GBP/USD Eyeing a Trendline Break

The US Dollar Index faced selling pressure today as US Yields retreated from recent highs. GBPUSD benefitted with a deeper recovery for Cable looking more likely. Can UK Employment data help facilitate a trendline break?...
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  • October 24, 2023
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Bitcoin Breaks Psychological 30k Level as Spot ETF Approval Hopes Grow

Bitcoin rally gathers steam and trades above the 30k mark. Will a Potential Spot ETF approval ramp up institutional fund involvements and push prices higher?...
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  • October 24, 2023
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Euro Latest: Germany Likely Contracted in Q3, PMI and ECB Meeting Next

Germany’s Bundesbank issued a report stating that a Q3 contraction is likely to have transpired. The ECB is expected to keep interest rates at 4% according to markets...
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  • October 23, 2023
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Gold (XAU/USD) Outlook – Will Soaring US Bond Yields Stop Another Attempt at $2k?

The precious metal made an attempt to break $2,000/oz. late Friday but was unable to keep momentum going for long enough...
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