• April 21, 2023
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USD Price Forecast: Dollar Index (DXY) Bid on Fed Speak

The U.S. dollar looks towards additional Fed speak and US PMI data in what is a relatively lackluster economic trading day. DXY pushing 102....
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  • April 21, 2023
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Canadian Dollar Falls With Crude Oil Prices, Will USD/CAD Break Higher Next?

The Canadian Dollar continues to weaken alongside crude oil prices. USD/CAD is facing a key moving average, will it be able to, or will prices break higher?...
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  • April 21, 2023
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Gold Prices Fly as Treasury Yields Dive, S&P 500 at Risk of Breaking Down

Gold prices resume their advance, supported by falling US Treasury rates. Meanwhile, the S&P 500 fails to extinguish bearish pressure despite the move in bond markets, a sign bulls may be bailing....
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  • April 21, 2023
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Euro Forecast – EUR/USD Rebounds as Trendline Support Holds Bears at Bay. What Now?

EUR/USD gains after a subdued performance on Wednesday, as prices encounter support at a key technical trendline, setting the stage for a modest rebound in the FX space....
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  • April 20, 2023
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South African Rand Forecast: ZAR Bid on Sticky Inflation and Weaker USD

USD/ZAR has pushed off the 50-day moving average today as a weaker USD takes hold ahead of key US releases later today....
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  • April 20, 2023
  • Market News
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EUR/USD Unchanged After ECB Minutes, Heavy Data Calendar Next Week

The single currency is barely changed after the release of the latest ECB minutes showed that a majority of members agreed with a 50bp rate hike, although others preferred to keep rates unchanged....
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  • April 20, 2023
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Oil Price Forecast: WTI Enters Fourth Straight Day of Declines on Demand Concerns

A combination of relative dollar strength and tightening financial and credit conditions currently weigh on oil prices as global demand is brought into question...
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  • April 20, 2023
  • Market News
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XAU/USD Forecast: Fed Beige Book Provides Support for Gold Prices

Gold prices look to push back above the $2000 mark but could be hampered by Fed speakers later today....
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  • April 20, 2023
  • Market News
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GBP/USD Capped by Cluster Resistance, USD/JPY Blasts Off after Bullish Breakout

GBP/USD rises, but bullish momentum wanes as prices approach cluster resistance. Meanwhile, USD/JPY extends its advance after clearing a key trendline late last week....
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  • April 20, 2023
  • Market News
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Silver Price Forecast: XAG/USD Bullish Continuation Remains Constructive

The broader dollar downtrend combined with lower interest rate expectations continue to buoy non-interest-bearing commodities like silver...
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