• August 3, 2023
  • Market News
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US Indices Rally Beginning to Crack? S&P 500, Nasdaq Price Setups

Relatively bigger down days than up days since late July on the daily charts of the Nasdaq 100 index and the S&P 500 index’s fall below support for the first time since April suggests the rally in US indices could finally be due for a breather....
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  • August 3, 2023
  • Market News
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Asia Day Ahead: Downbeat Handover from Wall Street: Nikkei 225, GBP/USD, Nasdaq 100

Market sentiments continue to reel in from the US credit rating downgrade by Fitch overnight, with overbought technical conditions potentially exacerbating some profit-taking....
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  • August 3, 2023
  • Market News
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Crude Oil Crunched as Markets Recoil from Fitch Downgrade. Lower WTI?

Crude oil prices are under the pump today as macro conditions unwind the jolly July rally on US debt woes and although stockpiles have been depleted, WTI vulnerability has been exposed....
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  • August 3, 2023
  • Market News
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US Jobs Report Preview: NFP Data to Shape Gold, US Dollar, and S&P 500’s Outlook

The July nonfarm payrolls report will provide valuable information on the health of the U.S. economy and help shape the near-term outlook for gold, the U.S. dollar, and the S&P 500....
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  • August 3, 2023
  • Market News
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Gold Prices Feel the Squeeze as Yields Rocket Ahead of NFP, Key XAU/USD Levels

Gold prices slide for the second straight day amid U.S. dollar strength and rising Treasury yields following better-than-expected U.S. economic and Fitch’s decision to downgrade U.S. debt....
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  • August 2, 2023
  • Market News
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British Pound (GBP) Latest; GBP/USD Stalls, GBP/NZD Prints a 3-Year+ High

A mixed bag from Sterling-crosses today with GBP/USD seemingly stuck, while GBP/NZD touches its highest levels since April 2020...
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  • August 2, 2023
  • Market News
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Japanese Yen Analysis: BoJ Minutes, US Credit Downgrade Cools Yen Selloff

The Japanese Yen gained some lost ground after minutes of the BoJ meeting provided clarity on policy intentions. US credit downgrade having little impact for now...
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  • August 2, 2023
  • Market News
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Dollar Index (DXY) Eyes Acceptance Above 100-Day MA, USD/CHF Ticks Higher

The DXY appears to have shrugged off a downgrade by Fitch Ratings to continue high following the European Open. Can the US Dollar sustain the upward momentum?...
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  • August 2, 2023
  • Market News
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FTSE 100 and Dax Weaken Sharply, Dow Losses Remain Contained​​​​

European indices have fallen sharply in early trading, but the Dow is only slightly lower despite the US credit rating downgrade last night....
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  • August 2, 2023
  • Market News
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AUD Price Forecast: US Ratings Downgrade Burns Pro-Growth Aussie

AUD prices have been rocked by the US ratings downgrade but has managed to find support against the NZD as market keenly await ADP data later today....
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