• May 3, 2023
  • Market News
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Sterling Update: GBP Takes Back Seat Ahead of Fed, ECB Meetings

The pound has held up nicely against the dollar but has lost ground against the euro. This week is all about the Fed and ECB which will be the driving forces behind FX...
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  • May 3, 2023
  • Market News
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Euro Latest: EUR/USD and EUR/JPY Prices and Outlooks

The Federal Reserve and the European Central Bank will announce their latest policy decisions in the next 24 hours and that makes trading EUR/USD a tricky proposition....
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  • May 3, 2023
  • Market News
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Gold Eyes YTD High Following Triangle Breakout, FOMC and Overall Sentiment Remain Key

Spot Gold Benefits as Safe Haven Appeal Returns. Will the FOMC meeting provide the catalyst for fresh highs?...
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  • May 3, 2023
  • Market News
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USD/JPY Price Forecast: Japanese Yen Set for Safe Haven vs FOMC Battle

USD/JPY now looks to key US economic data and the FOMC for guidance while keeping a close eye on the developing banking crisis. Yen sandwiched between 135 and 140....
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  • May 3, 2023
  • Market News
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Crude Oil Price Punished Ahead of Fed on Recession Fears. Will WTI Push Lower?

Crude oil is on the back foot as recession alarm bells are ringing with US banks and data undermining confidence. If the Fed turns more hawkish, will it stoke more slowdown fears?...
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  • May 3, 2023
  • Market News
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Gold Price Holds the High Ground as Treasury Yields Retreat. Where to for XAU/USD?

The gold price found support overnight with concerns around the US banking sector undermining sentiment and perceived haven assets gaining lustre. Will XAU/USD make a new peak?...
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  • May 3, 2023
  • Market News
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Canadian Dollar Weakens with Crude Oil Prices as Traders Turn Sour Before the Fed

The Canadian Dollar weakened alongside crude oil prices as US regional bank woes and global growth fears deteriorated sentiment 24 hours before the Fed. Where to for USD/CAD?...
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  • May 3, 2023
  • Market News
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Oil Prices in Freefall, On Cusp of Breakdown, USD/CAD Buoyed by Market Mayhem

Oil prices sink and threaten to break below key technical support at $71.50. Meanwhile, USD/CAD rallies, bolstered by bearish sentiment, with the pair poised to challenge cluster resistance....
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  • May 3, 2023
  • Market News
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USD/JPY Hammered by Disappointing Job Openings Data as Fed Decision Looms

After a solid rally late last week and yesterday, USD/JPY retreats on Tuesday, undercut by falling U.S. Treasury yields following disappointing U.S. job openings data...
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  • May 2, 2023
  • Market News
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Nasdaq Price Update: Apple Earnings, FOMC, NFP to Provide Volatility

The largest company by market cap reports its Q2 earnings in a week comprising of a Fed rate decision, services PMI and US non-farm payroll data. Volatility lift expected...
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