• July 26, 2023
  • Market News
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Mixed Showing in Big Tech Results, With all Eyes on FOMC Meeting Next: Microsoft, AUD/NZD, US Dollar

Asian stocks look set for a subdued open, following a mixed showing in Microsoft and Alphabet’s result releases after-market....
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  • July 26, 2023
  • Market News
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Fed Preview: Gold Prices and US Dollar’s Outlook Hinge on Powell’s Guidance

The Fed is expected to raise rates by 25 bp to 5.25%-5.50% at the end of its July meeting, but guidance is likely to be more important to the U.S. dollar and gold’s prospects than rate hike itself, which is already fully priced in....
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  • July 26, 2023
  • Market News
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Canadian Dollar Outlook: USD/CAD in Consolidation Triangle Ahead of Fed Decision

The Fed’s monetary policy outlook is likely to guide the USD/CAD’s near-term trajectory, but on a longer-term horizon, the pair may continue to trend lower....
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  • July 26, 2023
  • Market News
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FTSE 100, DAX Outlook: Bullish Momentum Slows Ahead of Major Releases

The FTSE’s bullish advance has slowed while the DAX consolidates ahead of major central bank announcements as well as top US and UK second quarter earnings reports...
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  • July 25, 2023
  • Market News
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USD/ZAR: Price Forecast: Relentless Rand Eyes FOMC

USD/ZAR prices have dropped to a key support level on the back of encouraging Chinese stimulus news but the focus now shifts towards the FOMC tomorrow....
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  • July 25, 2023
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Japanese Yen (JPY) Latest: USD/JPY and EUR/JPY Forecasts Ahead of Fed, ECB and BoJ

The Bank of Japan’s policy decision on Friday is unlikely to show the central bank shifting its ultra-accommodative policy stance but a nod to higher-than-expected inflation may see the currency strengthen....
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  • July 25, 2023
  • Market News
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Gold Bulls Face a Challenge as the Dollar Index (DXY) Holds High Ground

Spot Gold is consolidating once more as the DXY continues to rise. Will the FOMC meeting provide bulls with renewed impetus, or will we see a return toward the $1900 handle?...
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  • July 25, 2023
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Euro Price Action Setups: EUR/USD, EUR/GBP, EUR/JPY

Euro downside remains across major EUR crosses as poor regional fundamental data drives negative sentiment....
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  • July 25, 2023
  • Market News
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Nasdaq 100, Nikkei 225 and CAC40 aim for further gains​​​​

The Nasdaq 100 is edging higher ahead of tech earnings tonight, and the Nikkei is up on hopes of China stimulus. Meanwhile, the CAC40 breakout continues....
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  • July 25, 2023
  • Market News
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GBP/USD Price Forecast: Fleeting Pound Recovery?

GBP has been knocked back by weak UK economic data while the Fed looks to tighten its monetary policy once more. More downside to come for the pound?...
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