• May 24, 2023
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EUR/USD on Cusp of Major Breakdown as US Dollar Embarks on Strong Recovery

EUR/USD has fallen significantly in recent weeks, hit by the broad-based U.S. dollar strength, with the pair now testing trendline support, the last line of defense against a deeper pullback....
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  • May 23, 2023
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Dollar Index (DXY) Surprisingly Lower as US PMIs Point to a Strong Private Sector, Gold Bounces Toward $1970/oz

Spot Gold rose and the dollar index (DXY) fell despite positive PMI data. Manufacturing remains a concern, but service sector growth accelerated to a 13-month high due to increasing demand....
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  • May 23, 2023
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USD/CAD Price Forecast: Loonie on Offer Despite Stronger Crude Oil Prices

CAD remains around the 1.35 level with bulls and bears torn between the US debt ceiling narrative as well as OPEC+....
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  • May 23, 2023
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British Pound (GBP/USD) Latest: IMF U-Turn, UK PMIs, US Debt Talks

The International Monetary Fund has performed a quick 180 and predicted that the UK economy will grow in 2023 and after last month warning of a contraction....
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  • May 23, 2023
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Dow and CAC40 Slip but Nasdaq 100 Holds up Well

The Dow and CAC40 have struggled to make progress, though inflows continue to support the Nasdaq 100....
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  • May 23, 2023
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Euro Area PMI Data Shows Robust Sector Growth Despite Manufacturing Slump, EUR/USD Flat

Euro Area PMI saw the manufacturing slump continue while the service sector showed signs of easing. Early warning signs or a pause before a busy summer?...
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  • May 23, 2023
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USD Price Forecast: Debt Ceiling Optimism Supportive of Dollar Index (DXY)

The U.S. dollar remains apprehensive as debt ceiling talks continue ahead of some key US economic data this week. US PMI figures and Fed speak in focus today....
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  • May 23, 2023
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Crude Oil Bumped Up on Hopes of a Debt Ceiling Deal. Will WTI Break the Range?

The crude oil price steadied again today as the broader macro picture remains somewhat opaque despite reassurance from Biden and McCarthy. Would a resolution boost WTI?...
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  • May 23, 2023
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Australian Dollar Ahead of Retail Sales: AUD/USD, EUR/AUD, GBP/AUD Price Setups

AUD has been mixed against its peers as Australian rate hike expectations scaled back after employment unexpectedly fell in April. The key focus is now on retail sales data due Friday. What is the outlook for AUD/USD, EUR/AUD, GBP/AUD?...
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  • May 23, 2023
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Gold Price Finds Traction as US Dollar Pauses Despite Higher Yields

Gold continues to consolidate today after looking lower last week as the US Dollar ponders direction with the debt ceiling issue yet to be resolved. Would an agreement impact XAU/USD?...
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