• February 9, 2023
  • Market News
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FTSE 100 Hits Another Record High – Upbeat Earnings Lift Sentiment

FTSE 100 has recorded another record high after extending gains from the BP and Shell profit release. Prices remain supported by psychological support at 7900....
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  • February 8, 2023
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US Dollar (DXY) Rattled by a Slightly Less Hawkish Fed Chair Powell

Fed chair Jerome Powell has a new word in his lexicon, disinflation, and it is likely he is going to use it on a regular basis going forward....
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  • February 8, 2023
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Gold Rallies as Fed Chair Powell Sticks to Post FOMC Rhetoric

Spot gold’s rally has seen it take out the weekly high at $1885 with $1900 now in sight. Will Fed speakers spoil the party?...
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  • February 8, 2023
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USD/JPY Price Outlook: Japan’s PM Reveals Prerequisite for New BoJ Head

Japan’s PM Kishida is to submit his candidate for Bank of Japan Governor to parliament next week. Will the new incumbent normalize current ultra-dovish policy?...
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  • February 8, 2023
  • Market News
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British Pound (GBP) Forecast: Cable Shaped by USD Factors

GBP/USD is at the mercy of the Fed and U.S. centric information as markets reprice their rate expectations higher weighing negatively on the pound....
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  • February 8, 2023
  • Market News
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Crude Oli Hold the High Ground on US Dollar Weakness. Will WTI go Higher?

The Crude oil price maintained overnight gains after the US Dollar slid on the interpretation that Fed Chair Powell wasn’t hawkish enough. Inventory data and supply chains also lifted WTI....
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  • February 8, 2023
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Gold Price Hangs Tough as US Dollar Dominates Proceedings. Where to for XAU/USD?

The gold price has mostly ignored the turmoil of US Dollar movements upending other markets this week as the Federal Reserve’s rate path provides the impetus for volatility....
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  • February 8, 2023
  • Market News
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Dow Bulls Have Another Chance, Dollar Needs a New Foothold to Keep Climbing

Did Powell cap interest rate expectations and in turn revive the Dow and other risk benchmarks? More likely, fed rate expectations fueled by last week’s strong data run has likely find a natural equilibrium; but that means risk trends and the Dollar need a new guiding fundamental light to render t...
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  • February 8, 2023
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EURUSD Trend Reversal Stalls after Powell Remarks

From its peak above 1.1000 last week, EURUSD has produced a significant reversal that has undermined a rising channel/wedge stretching back to November. Yet, bearish momentum started to flag this past session between a leveling of US rates and in the aftermath of remarks from Fed Chairman Powell....
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  • February 8, 2023
  • Market News
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USD Price Forecast: Dollar Index (DXY) Heads for 104 Ahead of Powell

The U.S. dollar looks to be set on a hawkish address by Fed Chair Jerome Powell with the DXY trading at a key resistance zone....
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