• April 18, 2023
  • Market News
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GBP Price Forecast: Things Get Tough for the BoE as UK Labor Data Surprises

GBP/USD is bid this morning after UK labor data showed faster wage growth that brought into consideration another rate hike from the BoE in May....
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  • April 18, 2023
  • Market News
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China GDP Beats Expectations; Hang Seng and Shanghai Composite Index To Extend Gains?

China/Hong Kong equities could be gearing up for another leg higher as the recovery in the world’s second-largest economy picks up steam. What could be potential upside in the indices and what are the levels to watch?...
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  • April 18, 2023
  • Market News
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Gold Prices Slip as US Dollar Regains Vigor, Oil Repelled by Cluster Resistance

Gold prices retreat on Monday, undermined by broad-based U.S. dollar strength and rising U.S. Treasury yields. Meanwhile, oil turns lower after failing to clear cluster resistance at $82.60/$83.40....
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  • April 18, 2023
  • Market News
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USD/JPY Breaks Major Trendline Resistance as USD/CAD Defies Key Moving Average

USD/JPY breaks above trendline resistance and reaches its best level since March 15. Meanwhile, USD/CAD rises for the second consecutive day, challenging its 200-day simple moving average....
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  • April 17, 2023
  • Market News
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USD (DXY) Update: Manufacturing Data Lifts Downtrodden Dollar

The US dollar has received a boost from an unlikely manufacturing print that adds weight behind the developing pullback...
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  • April 17, 2023
  • Market News
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AUD/USD Price Forecast: Aussie Dollar Sets Eyes on RBA Minutes

AUD/USD trades around the key 0.67 support level as focus shifts to the RBA meeting minutes and Chinese GDP tomorrow....
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  • April 17, 2023
  • Market News
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EUR/USD Back Below 1.1000 as the US Dollar Picks up an Early Bid

US Treasury yields open the session near a two week high, giving the greenback an early boost. EUR/USD is back below 1.1000 but for how long?...
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  • April 17, 2023
  • Market News
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Gold Price Forecast: XAU/USD Reacts to Real Yield Sensitivity

Gold prices are bid as real yields are suppressed pushing XAU/USD above the $2000 handle in early European trade....
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  • April 17, 2023
  • Market News
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Markets Week Ahead: S&P 500, Gold, US Dollar, Global Inflation Data, US Earnings Season

Global equity markets rose while the US dollar slipped in the past week on growing expectations that the US Federal Reserve is nearing the end of its tightening cycle. Key focus is now on Euro area, UK, Japan, Canada, and New Zealand inflation data in the coming week as the US earnings picks up stea...
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  • April 14, 2023
  • Market News
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Ethereum (ETH/USD) Back Above $2,100 as Sales Fears Subside

Holders of Ethereum, the second-largest cryptocurrency by market capitalization, have enjoyed an 11% rally this week, despite fears of heavy validator sales....
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