• May 11, 2023
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What’s Going on With the South African Rand & Will We See a New ATH?

USD/ZAR is nearing a fresh all-time-high after being hit by several drawbacks from multiple fronts. Is the rand the next to fall after the Turkish lira?...
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  • May 11, 2023
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USD Breaking News: Favourable PPI Print Accompanied by Softening Jobs Data

PPI revealed a welcome print below expectations at the same time a key jobs indicator, initial jobless claims, turned higher. USD continues move lower...
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  • May 11, 2023
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Bank of England Hikes Rates by 25 Basis Points to 4.5%, Sterling Nudges Higher

The Bank of England (BoE) hiked interest rates by 25bps, the 12th consecutive time that the central bank has increased the UK Bank Rate. Sterling tests 1.2600 against the US dollar....
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  • May 11, 2023
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Gold Price Forecast: Bears Face a Tough Task as Ongoing Uncertainty Keeps Gold Supported

Spot Gold bears make a fresh push lower helped by some dollar strength. Acceptance below $2000/oz seems an impossible task as recessionary fears remain in play....
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  • May 11, 2023
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ECB Speakers Fail to Boost EUR as US Debt Ceiling Concerns Grow

EUR/USD continues to weaken after reaching 2023 highs. The euro now faces fading risk appetite while ECB speakers attempt to back the EUR with hawkish guidance....
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  • May 11, 2023
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US Dollar Vulnerable Ahead of BoE Rate Call and ECB Speakers. Higher EUR/USD?

The Euro consolidated today despite US Dollar weakness post CPI. Chinese CPI was also soft prompting hopes that the PBOC might turn dovish. ECB speakers today might drive EUR/USD....
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  • May 11, 2023
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Australian Dollar Skipped a Beat After Soft China CPI and PPI. Higher AUD/USD?

The Australian Dollar held overnight gains after China’s inflation data revealed a slip in price pressures in the world’s second-largest economy. If the PBOC ease policy, will it lift AUD/USD?...
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  • May 11, 2023
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Japanese Yen Gains, USD/JPY Falls After US CPI. Focus Shifts to BoE Next

The Japanese Yen outperformed on Wednesday, sending USD/JPY lower after markets punished Treasury yields in the wake of US inflation data. Eyes turn to the BoE next....
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  • May 11, 2023
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Gold Prices Tepid Despite Lower Yields Post-CPI. Is the Bullish Case Over?

Gold prices retreat despite falling U.S. Treasury yields following softer-than-expected U.S. inflation data, but the fundamental outlook remains bullish over the medium term....
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  • May 11, 2023
  • Market News
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Nasdaq 100 on Verge of Bullish Breakout, USD/JPY Crushed by Slowing US Inflation

The Nasdaq 100 blasts higher and challenges key technical resistance after headline inflation comes below expectations. Meanwhile, USD/JPY turns lower, threatening to breach cluster support....
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