• June 23, 2023
  • Market News
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Oil Price Forecast: WTI and Brent Rally Fails at the First Hurdle, Further Downside Ahead?

Oil prices face renewed selling pressure as a combination of hawkish Central Banks and rising recessionary fears weigh on prices. Is a retest of the YTD low on the cards?...
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  • June 23, 2023
  • Market News
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FTSE 100 back in negative territory, DAX and S&P 500 come off highs​​​

​​Outlook on FTSE 100, DAX 40 and S&P 500 as further rate hikes lie in store....
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  • June 23, 2023
  • Market News
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Euro Breaking News: Frightful German & EZ PMI’s Exacerbate Risk Off Move on EUR/USD

The euro is on offer this morning as German and EZ PMI’s miss forecasts while risk aversion augments the downside move....
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  • June 23, 2023
  • Market News
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Gold Rally Cracks: To What Extent XAU/USD Could Fall?

Gold’s fall below key support confirms that the multi-week upward pressure has faded as hawkish central bank rhetoric and improving broader risk sentiment diminish the safe-haven appeal of the yellow metal....
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  • June 23, 2023
  • Market News
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Asia Day Ahead: US Megacap Tech Shined; Series of PMI Readings to End the Week

Fed Chair Jerome Powell reiterated his hawkish tone but Wall Street seems to be taking it in stride this time, with the S&P 500 and Nasdaq overturning their three-day losing streak....
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  • June 23, 2023
  • Market News
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Japanese Yen Outlook: USD/JPY Breaks Out but AUD/JPY Lacks Bullish Spark

USD/JPY rallied on Thursday, breaking above Fibonacci resistance, and rising to its best levels since November 2022. Meanwhile, AUD/JPY struggled for direction, with the pair only eking out tiny gains....
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  • June 22, 2023
  • Market News
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EUR/USD Technical Update: Key Levels to Watch for Bullish Continuation

EUR/USD has revealed a preference for an upside move as Powell’s persistence around further, more moderate hikes reduce dollar demand...
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  • June 22, 2023
  • Market News
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Gold Prices Still Struggling, BoE Shows Global Rates Have Further to Rise

Gold remains mired despite some less hawkish than expected testimony from the Fed’s Powell...
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  • June 22, 2023
  • Market News
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British Pound (GBP) Volatile as Bank of England Hikes by 50 Basis Points

The Bank of England (BoE) hiked rates by 50 basis points today, by a majority of 7-2, as the central bank reiterates its commitment to driving down inflation...
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  • June 22, 2023
  • Market News
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Turkey Central Bank Meeting Preview: Erdogan and the Turkish Lira Eye Redemption from Policy Pivot

President Erdogan seems to have come to terms with the idea of policy normalization. Can USD/TRY fall back toward the 20.0000 handle on potential hawkish forward guidance?...
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