• May 14, 2023
  • Market News
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Crude Oil Market Outlook Darkened by Debt Ceiling Debacle and Recession Risks

Crude oil prices are likely to remain subdued in the near term, with growing U.S. recession fears and the debt ceiling impasse weighing on market sentiment and risk appetite....
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  • May 13, 2023
  • Market News
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BRITISH POUND (GBP) WEEKLY FORECAST: GBP Bulls Eye Fresh Catalyst with UK Employment Data

The British Pound has seen a positive week on the data front but losses against the greenback to end the week has added a bitter taste. 1.2460 holds the key for bullish continuation with UK Employment data in the week ahead....
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  • May 13, 2023
  • Market News
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Gold Prices Veer Off Bullish Path as US Dollar Firms but Outlook Still Upbeat

Gold prices fell on Friday, retreating for the third consecutive session, but the pullback was modest, a sign that bulls are not yet bailing out despite the metal’s subdued performance for most of the week....
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  • May 12, 2023
  • Market News
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Copper Prices Drop on Weaker Chinese Data, Demand Concerns

Copper, often a leading economic indicator, turns lower after disappointing Chinese data and weaker metal demand sends a warning signal to the global economy...
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  • May 12, 2023
  • Market News
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US Dollar Latest: Bullish Move Stalls at Channel Resistance

The US dollar is little changed in early trade after yesterday’s sizeable move higher, bouncing off a long-term zone of support. Levels to watch for DXY...
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  • May 12, 2023
  • Market News
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GBP Breaking News: UK Economy Expands 0.1% in Q1 of 2023, GBP/USD Bid

The UK Economy expanded in Q1 of 2023 but February stalled and March contracted. Is that just a blip or a cause for concern moving forward?...
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  • May 12, 2023
  • Market News
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Crude Oil Price Steadies After Taking a Tumble. Where to for WTI?

Crude oil prices consolidated into Friday as the US Dollar pauses post a data induced rally that the market interpreting as further evidence of the Fed being less hawkish....
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  • May 12, 2023
  • Market News
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US Dollar, Japanese Yen Gain as US Jobless Claims Spook Markets. AUD/USD at Risk

The anti-risk US Dollar and Japanese Yen gained on Thursday as US jobless claims crept higher, spooking financial markets. Ahead, the sentiment-linked Australian Dollar is vulnerable....
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  • May 12, 2023
  • Market News
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AUD/USD in Tatters after Fake Breakout, NZD/USD Fails to Confirm Double Bottom

AUD/USD and NZD/USD fall sharply on Thursday amid negative market sentiment, with both pairs taking a sharp turn to the downside after failing to clear key technical resistance levels....
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  • May 12, 2023
  • Market News
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EUR/USD Bashed by Risk Aversion, S&P 500 Fumbles but Google Cushions Weakness

The EUR/USD and S&P 500 retreat on Thursday, undermined by negative market sentiment, with traders reducing risk exposure on fears of a larger pullback on the horizon....
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