• September 5, 2023
  • Market News
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US Dollar Struggles at Resistance Amid Softening Data; EUR/USD, GBP/USD, USD/CAD

The recent struggle at key resistance reinforces the view that the US dollar’s (DXY Index) rally is losing steam as recent data eases concerns that the US economy is resurging. What’s next for the greenback?...
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  • September 5, 2023
  • Market News
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Asia Day Ahead: RBA rate decision ahead, VIX hovers near year-to-date low

Today will leave the Reserve Bank of Australia (RBA) rate decision on watch, with focus on whether recent inflation progress is sufficient to soften the RBA’s hawkish stance....
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  • September 5, 2023
  • Market News
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Gold Price Steadies as US Real Yields Offset by Potential BRIC Demand. Lower XAU/USD?

The gold price has seen some sideways price action as the market contemplates a bullish and bearish case with the potential influence of BRIC countries outweighing historic fundamentals....
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  • September 5, 2023
  • Market News
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Pound (GBP) Update: Sterling Reinforces Range Trading Tendencies

The pound seems to favour choppy, sideways price action. This has been evident for EUR/GBP for some time but now appears in GBP/USD after trendline breakdown...
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  • September 4, 2023
  • Market News
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USD/ZAR Price Forecast: Rand Weakness Brings R19/$ Back Into Focus

Rand weakness pushes USD/ZAR towards key resistance zone ahead of key SA and US economic data this week....
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  • September 4, 2023
  • Market News
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Gold Stumbles Following European Open as Silver Selloff Continues, Where to Next?

Commodities look poised to benefit should the Fed rate hike cycle be at an end. DXY and Market Sentiment likely to drive Gold, Silver prices this week as we have limited US data on the docket....
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  • September 4, 2023
  • Market News
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FTSE 100, DAX 40, CAC 40 Track Asia Higher

FTSE 100, DAX 40, CAC 40 face a quiet day ahead as the US is shut for Labor Day...
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  • September 4, 2023
  • Market News
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EUR/USD Price Forecast: Euro Upside Could be Temporary

The euro looks to reestablish itself against the US dollar but weak German export data could see EUR/USD heading towards 1.07 once again....
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  • September 4, 2023
  • Market News
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Crude Oil Flies High with Markets Eyeing a Fed Pause. Will WTI Go Higher?

The crude oil price has been steady today after surging last week on supply woes. With the US on holiday today, conditions in some markets might see less liquidity. Where to for WTI?...
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  • September 4, 2023
  • Market News
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Japanese Yen’s Slide Pauses but for How Long? USD/JPY, EUR/JPY, MXN/JPY Price Setups

The retreat in US Treasury yields amid a scaling back in US Federal Reserve rate hike expectations this year appears to have put a lid on USD/JPY....
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