• May 18, 2023
  • Market News
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Gold Prices Fall Amidst US Debt Ceiling Deal Bets, Technical Setup Shaky

Gold prices fell on Wednesday as US debt ceiling breakthrough bets pushed up Treasury yields. XAU/USD’s technical landscape is looking increasingly shaky of late....
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  • May 18, 2023
  • Market News
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AUD/USD Stuck in No Man’s Land, USD/JPY Blasts Off as Bears Taken to Woodshed

USD/JPY’s rally gains momentum after two key resistance levels are breached. Meanwhile, AUD/USD remains stuck in a consolidation channel, with range trading strategies still looking attractive....
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  • May 18, 2023
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EUR/USD on Meltdown Watch, Nasdaq 100 Holds Steadfast After Bullish Breakout

EUR/USD drops and heads towards confluence support at 1.0820/1.0785 as sellers pounce. Meanwhile, the Nasdaq 100 charges higher and sets fresh 2023 highs following last week’s bullish breakout....
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  • May 17, 2023
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USD/ZAR Update: South African Rand Facing Downside Risk Ahead of Inflation Data and SARB Rate Decision

The South African Rand (ZAR) has struggled the last two days as a resurgent dollar adds to the currency’s woes. R20/$ on the horizon?...
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  • May 17, 2023
  • Market News
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Silver Tech Update: Silver Sell-off Approaches Confluence Zone of Support

Silver approaches a confluence zone of support as last week’s selling continues at a slower pace. Longer-term uptrend remains intact...
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  • May 17, 2023
  • Market News
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British Pound (GBP/USD) Update: BoE’s Bailey, Elevated US Bond Yields

Bank of England Governor Andrew Bailey says the UK’s outlook is getting brighter but the central bank’s commitment to 2% inflation ‘is unwavering’....
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  • May 17, 2023
  • Market News
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Gold Price Forecast: XAU/USD at Risk of Further Downside Below the Psychological $2000 Mark

Spot Golds retreat and selloff yesterday puts the precious metal at risk of further downside the longer it remains below the $2000 level. Is this the beginning of the end for Golds bullish run?...
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  • May 17, 2023
  • Market News
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Euro Breaking News: Mixed Inflation Data Reveals Lack of Progress

Euro area headline inflation rose while core inflation saw a modest decline. The data is likely to embolden calls for more hikes but US debt ceiling dominates the narrative...
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  • May 17, 2023
  • Market News
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FTSE 100, DAX 40 and S&P 500 Slip on US Debt Ceiling Woes

Outlook on FTSE 100, DAX 40 and S&P 500 amid ongoing US debt ceiling negotiations...
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  • May 17, 2023
  • Market News
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USD/JPY Price Forecast: Japanese GDP Supportive of BOJ Policy Shift

The Japanese Yen remains under pressure against the USD as US debt ceiling guides market sentiment. USD/JPY now testing key resistance zone....
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