• May 17, 2023
  • Market News
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Australian Dollar Sinks with Dow Jones After US Retail Sales, Where to for AUD/USD?

The sentiment-linked Australian Dollar fell alongside the Dow Jones on Tuesday as solid US retail sales cooled Fed rate cut bets. IGCS shows more traders are boosting AUD/USD upside bets....
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  • May 17, 2023
  • Market News
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Gold Relinquishes Key $2,000 Floor, GBP/USD Held Captive by Critical Trendlines

Gold breaks below the $2,000 level, signaling bulls may be starting to jump ship. Meanwhile, GBP/USD extends decline after a failed attempt to clear overhead resistance at 1.2680 earlier this month....
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  • May 17, 2023
  • Market News
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Copper Price Update: Another Warning Signal Flashes as Prior Low is Breached

Copper, a leading economic indicator, is showing renewed signs of weakness after a string of weaker Chinese data, adding to global growth concerns...
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  • May 16, 2023
  • Market News
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USD/CAD Slips as Hot Canadian Inflation Raises Risks of More BoC Hikes

USD/CAD loses ground as higher-than-expected Canadian inflation increases the likelihood that the Bank of Canada will return from the sidelines and raise rates again....
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  • May 16, 2023
  • Market News
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US Dollar (DXY) Consolidates, Monthly US Retail Sales Miss Expectations

The US dollar is sitting close to a recently made one-month high as US debt ceiling talks continue....
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  • May 16, 2023
  • Market News
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Turkish Elections and Implications for the Lira as USD/TRY Eyes Fresh Highs

The Turkish election looks set for a runoff as Turkish Lira observers hope for a policy shift. Will a potential victory for challenger Kemal Kilicdaroglu lead to change in monetary policy?...
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  • May 16, 2023
  • Market News
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Euro (EUR/USD) Latest: Euro Area GDP Grows by 0.1%, German Economic Sentiment Weakens

The Euro Area economy expanded by 0.1% in Q1, in line with market forecasts, while German economic sentiment took a turn for the worse....
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  • May 16, 2023
  • Market News
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Gold Price Forecast: XAU/USD Faces Busy US Focused Trading Day

Gold prices could be losing their shine as key external factors approach including the US debt ceiling negotiations and Fed speakers....
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  • May 16, 2023
  • Market News
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Breaking News: UK Employment Data Mixed as Unemployment Rises, GBP/USD Slides

The UK employment data came in mixed this morning as unemployment ticked higher but average earnings remained steady. GBPUSD continued its slide with a deeper retracement starting to look more likely....
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  • May 16, 2023
  • Market News
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Crude Oil Boosted by US SPR Buying and Defies Soft China Data. Higher WTI?

The crude oil price maintained the gains on a sliding US Dollar overnight after several Fed speakers expressed their differing views. If China continues to struggle, will WTI hold up?...
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