• August 1, 2023
  • Market News
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USD/CAD Price Forecast: Loonie Preps for Canadian & US PMI Data

USD/CAD is roughly 0.4% higher for the day thus far ahead of Canadian and US manufacturing PMI’s respectively....
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  • August 1, 2023
  • Market News
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HK/China Equities Attempt to Build Base on Stimulus Hopes; Hang Seng, CSI 300 Price Setups

China/Hong Kong equities appear to be in the early stages of base building amid hopes of further stimulus. What is the outlook and what are the levels to watch in the Hang Seng Index and the CSI 300 Index?...
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  • August 1, 2023
  • Market News
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Australian Dollar Whipsaws After RBA Pause Again on Hiking Cycle. Lower AUD/USD?

The Australian Dollar eventually ran lower after the RBA decided to keep the cash rate unchanged at 4.10%. The softer than forecast quarterly CPI appears to have been the catalyst. Where to for AUD/USD?...
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  • August 1, 2023
  • Market News
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British Pound Toppish Ahead of BOE: GBP/USD, GBP/AUD, GBP/NZD Price Setups

The chances of a smaller interest rate hike at the Bank of England’s (BOE) meeting on Thursday are growing as UK price pressures appear to be finally moderating from elevated levels. What is the outlook for GBP/USD, GBP/AUD, and GBP/NZD?...
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  • August 1, 2023
  • Market News
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Wall Street Drifts Higher Overnight, RBA Meeting in Focus: Russell 2000, Hang Seng Index, Brent Crude

Wall Street drifts higher overnight, as sentiments remain largely on its cautiously optimistic state ahead of more big tech earnings releases and the US job report this week....
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  • August 1, 2023
  • Market News
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Crude Oil Punches Higher as OPEC+ Cuts Bite and Economic Outlook Brightens

Crude oil prices had a stellar month in July as underlying the dynamics of potentially less supply and more demand come to fruition. The structure of the WTI might also be supportive....
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  • August 1, 2023
  • Market News
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S&P 500, Nasdaq Outlook: US Stocks Embrace Potential ‘Soft Landing’

US equities are set to rise in July as the Fed nears peak rates. Better-than-expected US data reignites hopes of a soft landing ahead of Apple and Amazon Q2 earnings...
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  • July 31, 2023
  • Market News
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FTSE 100, Dax and Dow Look for Further Gains

Indices enjoyed a strong few days last week, with both the Dax and Dow reaching new highs for the year, while the FTSE 100 closed in on 7700 once more....
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  • July 31, 2023
  • Market News
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USD/ZAR Price Forecast: Rand Softer on Chinese PMI & SA Balance of Trade

The ZAR has given up some of Friday’s gains as concerns around the Chinese economy gained traction while South Africa’s balance of trade data disappointed....
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  • July 31, 2023
  • Market News
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Euro Area Growth Ticks Higher; EUR/USD Holds Above 1.1000

In the second quarter of 2023, seasonally adjusted GDP increased by 0.3%, according to a preliminary flash estimate published by Eurostat....
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