• February 3, 2023
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EURUSD Gains As Eurozone Data Show Modest Return To Growth

The Euro ticked higher on news that its home economy expanded at last in January, raising hopes that recession can be sidestepped...
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  • February 3, 2023
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WTI Oil Update: Delicately Poised Ahead of NFP Release

WTI Oil has come in for a battering this week as fading optimism around China and a buildup in inventories weigh heavily on the commodity....
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  • February 3, 2023
  • Market News
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Gold Price Forecast: XAU/USD on the Precipice

Spot gold pulled back sharply post-FOMC and now stands at a key inflection point ahead of NFP and ISM data that could send XAU/USD tumbling....
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  • February 3, 2023
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Crude Oil Price Under the Pump in the Face of Fed, ECB and BoE Hikes. Lower WTI?

Crude oil has steadied so far today after sliding lower throughout the week after multiple rate hikes in major economies that might be offset by China coming online. Will WTI recover?...
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  • February 3, 2023
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US Dollar Rose as Upbeat Jobless Claims Enticed Traders Before Non-Farm Payrolls

The US Dollar rallied as upbeat jobless claims data underscored a data-watching Fed ahead of the highly anticipated non-farm payrolls print. Will DXY rally?...
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  • February 3, 2023
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Dow Conspicuously Lags S&P 500 and Nasdaq, Dollar Rebounds Ahead of NFPs

Risk trends started to distort this past session. On the one hand, the Nasdaq 100 and S&P 500 charged higher with hopes of a robust earnings backdrop – though actual results may signal trouble. Meanwhile, the Dow closed Thursday lower and the US Dollar shirked its safe haven status with a rall...
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  • February 3, 2023
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Nasdaq 100 Futures Drop After Apple Earnings Miss, Amazon and Google Mixed

The tech leaders had a remarkable day Thursday with impressive rallies from Apple, Amazon and Google – all breaking above their 200-day moving averages – into the close. That run encouraged by a broad ‘risk’ lift and the surge in Meta after its own earnings, may be in jeopardy Friday after t...
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  • February 3, 2023
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Gold Prices (XAU) Retreat from Recent High, Silver (XAG) Follows Suite

Gold and Silver rallied after a series of rate decisions raised demand for precious metals. However, gains were relinquished after a rejection of resistance....
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  • February 3, 2023
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Oil Prices Fail to Hold Post-Fed Gains, Charts Look Heavy

US crude prices faced opposing influences of ongoing output cuts and signs of large inventory builds....
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  • February 2, 2023
  • Market News
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EUR Breaking News: ECB Hike Rates by 50bps, EURUSD Looks Vulnerable

ECB hikes rates by 50bps promising more to come as inflation remains their top priority. EURUSD sub 1.10 ahead of the press conference....
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