• August 2, 2023
  • Market News
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Crude Oil Eyes New Highs Despite Risk Aversion Elsewhere on Fitch Decision

The crude oil price has maintained overnight gains despite a tough day for risk assets after Fitch downgraded US sovereign debt saw equity markets retreat lower. Higher WTI?...
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  • August 2, 2023
  • Market News
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Euro Lifted Slightly by US Downgrade, but Will it Last? EUR/USD, EUR/AUD, EUR/NZD Price Action

EUR appears to be slightly supported after Fitch downgraded US ratings. Still, monetary policy and growth differentials suggest the single currency is unlikely to benefit much. What is the outlook for EUR/USD, EUR/NZD, and EUR/AUD?...
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  • August 2, 2023
  • Market News
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Gold Price Takes a Tumble as US Dollar Gains Post Fitch Downgrade. Lower XAU/USD?

The gold price is in the middle of its recent range near US$ 1,950 going Wednesday after a US Dollar rally before Fitch downgraded US sovereign debt. It may trigger some volatility. Where to for XAU/USD?...
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  • August 2, 2023
  • Market News
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US Dollar, Dow Jones Sink as Fitch Downgrades US Credit Rating. Now What?

The US Dollar and Dow Jones took a plunge after Fitch downgraded the US credit rating amid fiscal deficits and an aging population. Will these moves be sustained?...
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  • August 2, 2023
  • Market News
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S&P 500 on Edge Before Apple & Amazon, Gold Tanks as Yields Soar ahead of NFP

Earnings from tech mega-caps Apple and Amazon, as well as the U.S. jobs report for July, could grab the spotlight and determine the trading bias of the S&P 500 in the coming days....
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  • August 2, 2023
  • Market News
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US Dollar Rallies on Soaring Yields, USD/JPY Rockets Higher, Eyeing 2023 Peak

U.S. Treasury yields rise across the curve, boosting the dollar against its major peers. Meanwhile, USD/JPY extends its advance, inching closer to regaining the 2023 high....
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  • August 1, 2023
  • Market News
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Oil Price Forecast: OPEC+ Supply Expectation Sustains Key Crude Oil Benchmarks

Buoyant crude oil prices persist as high impact US and OPEC+ risk events dominate headlines this week....
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  • August 1, 2023
  • Market News
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Gold (XAU/USD) and Silver (XAG/USD) Latest Outlooks

Gold and silver remain trapped in short-term trading zones as holiday-thinned markets wait for the latest US Jobs Report...
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  • August 1, 2023
  • Market News
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Euro Price Action Setups: EUR/USD, EUR/GBP, EUR/JPY

Germany leads the EU manufacturing sector into a downward spiral with another terrible print for July. Euro selling continues apart form EUR/JPY after the false breakout...
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  • August 1, 2023
  • Market News
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​​​​Nasdaq 100 and S&P 500 Near Recent Highs, Hang Seng Drops Back From Three-Month High​​​​

The tech-focused Nasdaq 100 and the S&P 500 continue to make gains, while the Hang Seng’s surge has faltered for the time being....
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