• July 14, 2023
  • Market News
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Gold (XAU/USD) Consolidates Recent Gains After Stubborn Resistance Falls

Renewed US dollar weakness has given gold the strength to take out a layer of stubborn resistance that has been holding the precious metal back for weeks....
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  • July 14, 2023
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Bitcoin & Ethereum After Ripple Wins SEC Case: Preparing for an Advance

Cryptocurrencies jumped after a US judge ruled on Thursday that Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges. Technical charts suggest Bitcoin and Ethereum could be preparing for another leg higher....
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  • July 14, 2023
  • Market News
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Asia Day Ahead: US Mega-Cap Tech Build on Gains; Singapore Avoids Technical Recession

Following a downside surprise in the recent US CPI data, the release of US June producer prices overnight further reinforces the narrative of abating inflation risks....
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  • July 14, 2023
  • Market News
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Australian Dollar Skips a Beat on New RBA Governor Michele Bullock Appointment

The Australian Dollar slipped slightly after the Australian Government announced the Michele Bullock will be the new RBA Governor. It is widely seen as a safe option....
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  • July 14, 2023
  • Market News
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US Dollar Forecast: Sentiment Positive on AUD/USD, NZD/USD, Bearish on USD/CAD

This article examines positioning data for AUD/USD, NZD/USD and USD/CAD to gauge potential market sentiment and trading bias....
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  • July 14, 2023
  • Market News
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USD/JPY in Downward Spiral as Yields Tank, GBP/USD Soars to Fresh 2023 Highs

USD/JPY deepens its losses as U.S. bond yields extend their decline following softer-than-expected U.S. CPI and PPI data. Meanwhile, GBP/USD explodes higher, breaking above the 1.3100 handle and hitting its best levels since April 2022....
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  • July 14, 2023
  • Market News
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USD/CAD Forecast: 1.3000 Beckons as Dollar Index (DXY) Slide Continues

The Bank of Canada hiked rates by 25bps yesterday with the Canadian Dollar finding renewed impetus to push on. Will USD/CAD reach the 1.3000 psychological level?...
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  • July 14, 2023
  • Market News
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S&P 500, Nasdaq Reach Fresh Yearly Highs as Disinflation Takes Hold

Yesterday’s lower than expected headline and core CPI data emboldened markets to take a bearish view on the dollar, lifting US stocks to a new yearly high...
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  • July 13, 2023
  • Market News
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Oil Price Forecast: WTI and Brent Face Technical Hurdles. Where to Next?

Oil prices recent rally has run into some technical headwinds with US data later today likely to be key once more. Can Oil prices sustain recent gains and head higher?...
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  • July 13, 2023
  • Market News
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Gold Prices Hang on At Highs, Benign US CPI Prompts Rate Rethink

Non-yielding gold got a boost from news that the Fed seems to be winning its war on inflation....
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