• March 7, 2023
  • Market News
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Australian Dollar Slides After RBA’s Widely Expected 25-Basis Point Hike

AUD/USD slides after the Reserve Bank of Australia hiked the cash rate by 25 basis points, in line with expectations. The focus now shifts to US Fed Chair Powell’s testimony later today and tomorrow. What’s next for AUD/USD?...
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  • March 7, 2023
  • Market News
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Euro Bounces on Hawkish ECB and Ahead Powell’s Testimony. Higher EUR/USD?

The Euro made some ground against the US Dollar on hawkish comments from ECB officials as the market awaits Fed Chair Powell’s commentary later today. Will EUR/USD trend remain intact?...
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  • March 7, 2023
  • Market News
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Oil Gains Despite China’s Soft GDP Target, Gold Mixed as Markets Await Powell

Oil prices rise despite China’s disappointing GDP growth target for 2023. Meanwhile, gold trades with a neutral bias as traders avoid taking large directional positions ahead of Powell’s testimony....
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  • March 7, 2023
  • Market News
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S&P 500 Outlook: EPS Forecasts Revised Lower (Q1), SPX Rises

US equities continue to rise after last week’s positive PMI data and optimism around China’s manufacturing sector & general reopening. Powell’s testimony and NFP up next...
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  • March 7, 2023
  • Market News
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US Dollar Subdued ahead of Powell’s Testimony. What Should Forex Traders Expect?

The U.S. dollar falls on Monday as riskier assets rise, but Fed Chairman Powell could revive the greenback’s recovery if he takes a hawkish stance in his testimony before Congress this week....
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  • March 6, 2023
  • Market News
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EUR/GBP Latest – Is a Fresh Multi-Month High Brewing?

Sterling may struggle against the Euro as ECB hawks continue to call for higher interest rates...
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  • March 6, 2023
  • Market News
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Bitcoin Price Outlook: BTC, ETH Trade Flat After Bouncing Off Support

Bitcoin and Ethereum have continued to trade sideways after recovering from Friday’s slide. BTC lingers around $22,500 while ETH eyes $1,600....
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  • March 6, 2023
  • Market News
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Gold Prices Hold Steady Ahead of Fed Chair Powell and the Latest US Jobs Report

The recent rally in the precious metal has stalled as the week opens with traders looking ahead to a couple of important market moving events....
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  • March 6, 2023
  • Market News
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EUR/USD Unchanged as Euro Area Retail Sales Tick Higher but Miss Estimates

Eurozone retail sales recorded a small increase in January which points to a weaker start to the year than expected as higher prices continue to weigh on consumers....
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  • March 6, 2023
  • Market News
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AUD Price Forecast: Aussie Dollar Hampered by Chinese GDP Expectations

AUD/USD trades cautiously ahead of a stacked day tomorrow which include the RBA’s rate decision as well as Fed Chair Jerome Powell’s testimony....
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