• August 4, 2023
  • Market News
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Gold Price Ponders Direction as the US Dollar and Treasury Yields Eye Higher Levels

The gold price stalled on trend line support today as markets take stock of a rising US Dollar and Treasury yields. The perceived ‘haven’ status is yet to emerge for the precious XAU/USD....
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  • August 4, 2023
  • Market News
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US Nonfarm Payrolls Preview: EUR/USD and USD/JPY’s Trend Hinges on Jobs Data

The July U.S. employment report will provide valuable information on the health of the U.S. economy and help shape the near-term outlook for EUR/USD and USD/JPY....
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  • August 3, 2023
  • Market News
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US Breaking News: ISM Services PMI Dampens Strong US Data Streak

ISM services PMI data revealed higher prices but lower activity, new orders and employment figures. The services sector continues to expand but softer data is concerning...
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  • August 3, 2023
  • Market News
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Oil Price Update: WTI and Brent Pullback on Continuing Risk Off Sentiment

Oil markets tentatively continue the move lower as markets digest the effect of the Fitch downgrade. An extended WTI pullback towards $82 may re-engage bullish interest...
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  • August 3, 2023
  • Market News
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UK Breaking News: BoE Hikes by 25bps to 15-Year High

GBP/USD remains under pressure despite the BoE hiking rates by 25bps. The dovish slant to the announcement added to risk off sentiment, keeping cable subdued....
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  • August 3, 2023
  • Market News
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EUR/USD Continues to Slide as EUR/JPY Retreats from YTD High, What Next?

Euro faces renewed pressure as business activity continues to decline. Is this the beginning of a long-term downtrend or merely a correction following an extended upside rally?...
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  • August 3, 2023
  • Market News
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Nasdaq 100, S&P 500 and CAC40 all Fall as European and US Indices Come Under Further Pressure.

​​Selling continues in indices, as the effects of the US downgrade continue to rock markets....
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  • August 3, 2023
  • Market News
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US Dollar Price Forecast: Investors Retreat to USD Sanctuary

The U.S. dollar is capitalizing on the risk aversion in global markets as investors seek out safe haven assets. DXY approaching key resistance levels....
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  • August 3, 2023
  • Market News
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Australian Dollar Hurt by Dampened Risk Appetite; AUD/USD, AUD/CAD, AUD/SGD Price Setups

A scaling back in risk appetite and an unexpected pause by the Reserve Bank of Australia (RBA) earlier in the week is weighing on AUD. What is the outlook for AUD/USD, AUD/CAD, and AUD/SGD?...
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  • August 3, 2023
  • Market News
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Japanese Yen and Nikkei 225 tank as US Dollar Re-Asserts Itself. New USD/JPY Highs?

The Japanese Yen melted again today as the US Dollar ascendency got back on track after investors and traders reassessed their exposure to risk assets. Will USD/JPY test prior peaks?...
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