• July 21, 2023
  • Market News
  • Comments : 0

GBP/USD Price Forecast: Positive Retail Sales Temporarily Lifts the Pound

Cable caught a bounce this morning on positive retail sales numbers. Is the rebound sustainable or will we see further weakness ahead of a busy 2-week period of Central Bank meetings?...
Read More
  • July 21, 2023
  • Market News
  • Comments : 0

Japanese Yen Steady After CPI; USD/JPY, AUD/JPY, CAD/JPY, MXN/JPY Price Action

The Japanese yen was steady even as price pressures in Japan re-accelerated last month on the growing view that inflation is peaking. What does this mean for USD/JPY, AUD/JPY, CAD/JPY, and MXN/JPY?...
Read More
  • July 21, 2023
  • Market News
  • Comments : 0

Profit-Taking in Big Tech Overnight, as US Earnings Remain Centre Stage: US Dollar, Nikkei 225, AUD/JPY

Wall Street ended mixed overall, with further catch-up gains in value sectors as the DJIA delivered its nineth day winning streak....
Read More
  • July 21, 2023
  • Market News
  • Comments : 0

Crude Oil Forecast: Breakdown in Play after Confluence Resistance Rejection

Oil has lacked directional conviction after failing to break above confluence resistance last week, with prices ranging between ~$77.50 and ~$74.00 ahead of a possible breakdown....
Read More
  • July 21, 2023
  • Market News
  • Comments : 0

Gold Suffers Setback as USD and Yields Blast Off. Will XAU/USD Break Down?

Gold prices gyrate lower as the U.S. dollar and bond yields rise following better-than-expected U.S. economic data ahead of next week’s key Fed decision....
Read More
  • July 20, 2023
  • Market News
  • Comments : 0

USD/ZAR Rises as SA Reserve Bank (SARB) Pauses After 10 Consecutive Hikes

The South African Rand (ZAR) fails to reclaim the R18/$ mark despite rate pause. The ZAR could be in for some short-term pain but the bigger picture appears to finally turning a corner....
Read More
  • July 20, 2023
  • Market News
  • Comments : 0

British Pound Update: GBP/USD and GBY/JPY Latest Price Outlooks

The British Pound is edging lower after yesterday’s better-than-expected inflation report sent UK Gilt yields tumbling....
Read More
  • July 20, 2023
  • Market News
  • Comments : 0

FTSE Update: Inflation Relief Boosts Homebuilders as Traders Revise BoE Bets

Better-than-expected UK core inflation data breathed life into the FTSE, placing the index well above two major levels of resistance in less than two days...
Read More
  • July 20, 2023
  • Market News
  • Comments : 0

USD/JPY, EUR/JPY Price Forecast: Yen Higher Following Trade Surplus in June

The Yen enjoyed a slight uptick in the Asian session following a trade surplus in June. Murmurs around intervention is likely to continue to keep the Yen supported with losses likely to be short lived....
Read More
  • July 20, 2023
  • Market News
  • Comments : 0

Dow Makes Progress and Nasdaq 100 Edges Lower, but Nikkei 225 Comes Under Pressure​​​​

​The Dow is sitting close to the 2023 it hit yesterday, while the Nasdaq has seen momentum dissipate. Meanwhile, the Nikkei 225 has seen a wave of selling that threatens to negate the bullish view seen earlier in the week....
Read More
1 … 183 184 185 … 437