• June 28, 2023
  • Market News
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Gold Price Forecast: XAU/USD Breakdown Levels Identified

Gold has broken below the longer-term ascending channel, pointing to continued selling despite short-lived geopolitical tensions providing a lift to the precious metal...
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  • June 28, 2023
  • Market News
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FTSE 100, DAX 40 and S&P 500 recover​​​

Outlook on FTSE 100, DAX 40 and S&P 500 as they bounce off this week’s lows on solid US data...
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  • June 28, 2023
  • Market News
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EUR/USD to Remain Supported by Hawkish ECB as Sintra Meeting Heats Up

EUR/USD is likely to remain rangebound as Central Bankers share their thoughts at the ECB Forum. The tussle for superiority between bulls and bears looks set to rumble on....
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  • June 28, 2023
  • Market News
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New Zealand Dollar Ahead of US PCE Data; NZD/USD, AUD/NZD, GBP/NZD Price Setups

The New Zealand dollar is maintaining a weak bias against most of its peers ahead of the key US PCE price data due Friday, on diverging monetary policy outlooks. What’s next for NZD/USD, AUD/NZD, and GBP/NZD?...
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  • June 28, 2023
  • Market News
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US Dollar Treads Water Ahead of Titanic ECB Gathering. Will EUR/USD Break the Range?

The Euro backed away from the overnight peak against the US Dollar as markets wait with bated breath for the ECB’s much-anticipated gathering of central bank big guns. Where to for EUR/USD?...
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  • June 28, 2023
  • Market News
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Australian Dollar Slides After CPI Data; How Much More Downside in AUD/USD?

AUD dropped after Australia’s monthly CPI indicator showed price pressures moderated more than expected last month. What is the outlook for AUD/USD ahead of Australia retail sales (Thursday) and US PCE data (Friday)?...
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  • June 28, 2023
  • Market News
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Asia Day Ahead: Upside Economic Surprises in US Calm Recession Nerves

Market participants seem to take comfort from a series of stronger-than-expected economic data out of the US, with economic resilience being the takeaway and calmed some nerves for an impending recession....
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  • June 28, 2023
  • Market News
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Gold Price Leaks Lower as US Dollar Dithers Ahead of Powell. Lower XAU/USD?

The gold price is struggling to hold ground despite a US Dollar tracking sideways ahead of Fed Chair Powell’s appearance on an ECB panel discussion later today. Will XAU/USD recover?...
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  • June 28, 2023
  • Market News
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Oil Price Outlook: Inflation Data and Central Bank Hawks Weigh on Oil Prices

Oil prices struggle to form upside momentum despite Saudi production cuts coming into play next week. Global growth concerns and the prospect of rate hikes weigh...
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  • June 28, 2023
  • Market News
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Gold Slides and USD/CAD Rallies as US Data Offers the DXY Temporary Support

Spot Gold surrendered the high ground as USD/CAD rose following US and Canadian data. Canadian inflation at 2-year lows and US home sales at 1-year highs. What recession?...
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