• June 9, 2023
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Gold Rallies as US Dollar Sinks on Jobless Claims Surge, XAU/USD Eyes Bullish Engulfing

Gold prices rallied as the US Dollar and Treasury yields sank after an unexpected surge in US jobless claims. XAU/USD now faces a Bullish Engulfing, will prices find follow-through next?...
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  • June 9, 2023
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Canadian Dollar Outlook: USD/CAD at Risk on Hawkish BoC but Fed May Be a Spoiler

The Bank of Canada’s hawkish stance could weigh on USD/CAD in the near term, but the Fed could counter weakness if it embraces an aggressive stance at its June meeting next week....
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  • June 9, 2023
  • Market News
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Silver Prices Draw Support from USD Weakness and Falling Yields, US CPI Eyed

After a subdued performance on Wednesday, silver prices spring back to life, rallying more than 3% on Thursday, boosted by U.S. dollar weakness and falling yields....
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  • June 8, 2023
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USD/JPY Price Forecast: Yen Bid on Japanese GDP & US Jobless Claims

USD/JPY is down 0.5% today on the back of strong Japanese GDP and US jobless claims. The Yen now looks to push away from the 140 handle....
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  • June 8, 2023
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US Dollar Update: Key Data and Events Next Week Will Steer the Greenback

The US dollar continues to trade sideways despite rising US Treasury yields and expectations of higher US rates in Q3. Next week’s economic calendar will steer the dollar’s short-term trajectory....
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  • June 8, 2023
  • Market News
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EU Enters Recession: EUR/USD, EUR/GBP and EUR/JPY Price Setups

The euro zone has technically entered a recession as downward revisions to both the Q4 2022 and Q1 2023 figures confirmed two consecutive quarters of negative growth...
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  • June 8, 2023
  • Market News
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Gold Prices at Risk of Freefall Below the 100-Day MA

Spot Gold faces continuous hurdles in an attempt to push higher. Could recessionary fears rekindle the safe havens appeal or is a freefall toward $1850/oz incoming?...
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  • June 8, 2023
  • Market News
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Dow and CAC40 Move up, but Nasdaq 100 Struggles

After its huge run higher, the Nasdaq 100 has faltered, but the Dow and CAC40 are showing signs of strength...
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  • June 8, 2023
  • Market News
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GBP/USD Price Forecast: UK Housing Prices a Sign of Future Pound Weakness?

GBP/USD is looking for a fundamental catalyst as it wades within a symmetrical triangle formation....
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  • June 8, 2023
  • Market News
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Looming Break in Canadian Dollar After BOC Hike: USD/CAD, EUR/CAD, GBP/CAD Price Setups

The Canadian dollar may have just received the boost to extend gains against some of its peers, thanks to the Bank of Canada’s (BOC) hawkish hike on Wednesday. What is the outlook for USD/CAD, GBP/CAD, and EUR/CAD?...
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