• May 10, 2023
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Oil Technical Update: WTI and Brent Crude Recovery on Hold after US CPI

The recovery in the oil market appears to have found a pocket of resistance, potentially stifling an impressive 4-day recovery. Technical levels to watch...
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  • May 10, 2023
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USD Breaking News: Humdrum US CPI Leaves DXY on Offer

The US dollar weakened after US CPI showed yet another gradual decline in inflationary pressures....
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  • May 10, 2023
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EUR/GBP Latest: Support Breaks Ahead of BoE Rate Decision

A break of multi-month support has seen EUR/GBP hit levels last seen in mid-December as the British Pound continues to nudge higher. Next up, the latest BoE monetary policy decision....
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  • May 10, 2023
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USD/JPY Price Forecast: Japanese Yen Watchful After Ueda Address, US CPI to Come

USD/JPY is approaching the apex of the developing ascending triangle pattern. Could upcoming US CPI provide a breakout for the weakening Japanese yen?...
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  • May 10, 2023
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EUR/USD Latest: CoT Report Confirms Overcrowded EUR/USD Positioning

The data from the latest CoT report highlights the dominance of the bullish euro stance, however, recent resistance has proven tough to crack as a pullback sets in...
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  • May 10, 2023
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GBP/USD Price Forecast: 1.2600 Holding Firm as Bulls Eye a Fresh Catalyst

Cable holds onto gains as US CPI and BoE approaches but bulls appear exhausted as RSI rests in overbought territory. Deeper retracement incoming?...
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  • May 10, 2023
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US Dollar Softens Ahead of US CPI as Markets Look for DXY Index Direction

The US Dollar eased again on Wednesday with US CPI front and centre for markets trying to interpret where the Fed is headed with rates. Will a surprise CPI see the DXY index make a break?...
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  • May 10, 2023
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Crude Oil Prices Rally Ahead of US Inflation Data as Retail Traders Turn Bearish

Crude oil prices are on a 4-day winning streak, up about 8%. Ahead of the US inflation report, retail traders are turning increasingly bearish, is that a bullish sign?...
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  • May 10, 2023
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AUD/USD Trapped in Lateral Channel, US CPI Could Spark Volatility Later this Week

AUD/USD has lacked directional conviction in recent months, with the pair trapped in a lateral channel moving back and forth between technical support and resistance levels....
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  • May 10, 2023
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DAX Price Outlook: Reduced Volatility and Momentum Highlight Range Potential

The DAX has attempted a retest of the yearly high but fading momentum suggests an external catalyst will be needed to propel the index higher...
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