• June 6, 2023
  • Market News
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S&P 500 at 9-Months Highs as Bulls Assert Dominance but Downside Risks Build

S&P 500 rises at the start of the week, reaching its best levels since August 2022, but caution is warranted with prices approaching a major Fibonacci resistance area and the market getting stretched....
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  • June 6, 2023
  • Market News
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Crude Oil Price Update: Saudi’s Insist on Production Cuts at Extended OPEC Meeting

OPEC’s meeting on Sunday was met with resistance by the Saudi’s, lobbying for more production cuts to resuscitate oil prices. Saudi Arabia to remove 1 million bpd...
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  • June 5, 2023
  • Market News
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US Dollar Falls as Weak Services PMI Data Boosts Case for Fed Pause

The U.S. dollar takes a turn to the downside and erases session gains as weak services PMI data strengthens the case for a Fed pause...
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  • June 5, 2023
  • Market News
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USD/ZAR: Price Forecast: Rand Funded by Loadshedding Reprieve

USD/ZAR up almost 0.90% ahead of the US trading session now hovering around a key area of confluence as the rand looks to restore some credibility....
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  • June 5, 2023
  • Market News
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EUR/USD, GBP/USD Struggle to Grind Higher as Dollar Holds Firm

The EURO and GBP struggled at the back end of last week against the Greenback with both currencies eyeing a recovery. Is the Dollar finally ready to cede the high ground paving the way for a recovery?...
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  • June 5, 2023
  • Market News
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Gold (XAU/USD) Looking to Test a Multi-Week Low as The US Dollar Picks Up a Bid

Gold continues to probe a 10-week low despite growing expectations that the Fed will hit the pause button next week....
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  • June 5, 2023
  • Market News
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​​Outlook on FTSE 100, DAX 40 and S&P 500 as the Fed is no longer expected to hike rates at its June meeting.

​​Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context....
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  • June 5, 2023
  • Market News
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USD/CAD Price Forecast: Loonie to Exploit Death Cross Formation?

CAD is poised for further upside ahead of the upcoming Bank of Canada rate decision....
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  • June 5, 2023
  • Market News
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Australian Dollar Ahead Of RBA: AUD/USD, AUD/NZD, EUR/AUD Price Setups

The Australian dollar has recouped some losses against some of its peers as the Reserve Bank of Australia interest rate pause doubts grow following the hike in the minimum wage. What is the outlook for AUD/USD, AUD/NZD, and EUR/AUD?...
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  • June 5, 2023
  • Market News
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US Dollar Holds the High Ground While Crude Oil Whips Around. Higher USD?

The US Dollar regained its ascendency after the US debt deal passed Congress and was supported by solid jobs data. OPEC+ announced output cuts and the Fed is now in blackout mode....
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