• August 24, 2023
  • Market News
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US Dollar Toppish Ahead of Powell; EUR/USD, AUD/USD, GBP/USD Price Setups

There are growing signs that USD could be in the process of making an interim top. To be fair, this wouldn’t necessarily imply that the uptrend is over. What’s next for EUR/USD, GBP/USD, and AUD/USD?...
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  • August 24, 2023
  • Market News
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Retreat in US yields and Nvidia’s Earnings Provide Come Calm: SPDR S&P Semiconductor, Nikkei 225, Silver

Market participants piled back into tech stocks overnight, as a retreat in the US 10-year Treasury yields from its 16-year high eases some market anxiety for a high-for-longer rate outlook....
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  • August 24, 2023
  • Market News
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Crude Oil Price Loses Grip Despite Optimism Taking Hold. Where to for WTI?

Crude oil prices are under pump going into Thursday’s trade and ahead of the Fed’s Jackson Hole symposium later today. If the Fed messages a more hawkish posture, will that sink WTI?...
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  • August 24, 2023
  • Market News
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USD/JPY Update: PMI Data, US Yields Provide USDJPY Reprieve

USD/JPY accelerated the intra-day decline at the release of US PMI data, showing cracks within the robust US economy. Yields, USD sharply lower as JPY catches broad bid...
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  • August 24, 2023
  • Market News
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USD/CAD Retreats Following Lackluster US PMI, Mixed CAD Retail Sales Data

US PMI continued the trend today and missed estimates showing signs that the rate hike cycle is being felt. Canadian retail sales provided mixed signals with USDCAD eyeing Jackson Hole for its next move. Retracement incoming or consolidation ahead?...
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  • August 23, 2023
  • Market News
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British Pound (GBP) Update: Sterling Damaged by Feeble UK PMIs

Sterling briefly hit a multi-month low against the US dollar earlier after the latest PMI release showed that the UK economy is suffering...
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  • August 23, 2023
  • Market News
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Crude Oil Prices Lower Again As Markets Fret Chinese Demand

A slowing Chinese economy and the chance of ‘higher for longer’ US interest rates doesn’t make a bullish mix for oil prices...
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  • August 23, 2023
  • Market News
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Gold Price Outlook: XAU/USD Gains as Yields Ease Ahead of Jackson Hole

Gold has shown an increasing correlation to elevated yields and the dollar, weighing on the metal over the longer-term. Recent dips in yields provides short-term relief...
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  • August 23, 2023
  • Market News
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European Stock Indices Stay Bid for Now​​​

​​Outlook on FTSE 100, DAX 40 and Dow amid a plethora of manufacturing and services flash PMIs and Nvidia’s after-hours earnings results....
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  • August 23, 2023
  • Market News
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EUR/USD Slides as Euro Area PMI Gives ECB Reason to Pause

Euro Area PMI data came in below expectations which is likely to fuel talk of a pause from the ECB in September. Eyes now on Christine Lagarde at Jackson Hole for more guidance....
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