• November 1, 2022
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Crude Oil Forecast: China Covid Woes Weigh on Prices as Traders Eye Inventory Data

Crude oil prices fell around 2% on Monday as lockdowns across China ramped up. Traders await inventory data from the EIA ahead of major macro data, including the FOMC rate decision and the US jobs report....
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  • November 1, 2022
  • Market News
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Gold Price Falls Towards Monthly Low After Failing to Test 50-Day SMA

The price of gold appears to be on track the test the monthly low ($1617) as it reverses ahead of the 50-Day SMA ($1680)....
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  • November 1, 2022
  • Market News
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Chinese Yuan Slides Against US Dollar as Covid Lockdowns Weigh on Sentiment

The Chinese Yuan fell almost 1% against the US Dollar as traders weigh new Covid lockdowns following downbeat PMI figures. The RBA rate decision is in focus for APAC traders....
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  • November 1, 2022
  • Market News
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USD/JPY Reverses Ahead of 50-Day SMA with Fed Rate Decision on Tap

USD/JPY may continue to retrace the decline from the monthly high (151.94) as the Federal Reserve is expected to maintain its existing approach in combating inflation....
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  • November 1, 2022
  • Market News
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FX Week Ahead – Top 5 Events: BOE, Fed, RBA Rate Decisions; Canada Jobs Report; US NFP

The first week of November is all about central banks....
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  • November 1, 2022
  • Market News
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GBP/USD’s Outlook Remains Bleak Ahead of BoE’s November Meeting

Short- and medium-term outlook for GBP/USD remains gloomy amid recession fears, rising inflation and tighter financial conditions....
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  • November 1, 2022
  • Market News
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S&P 500 Loses Steam After Robust Friday Rally – FOMC in Focus

Equities pull back as traders await the Fed, PMIs, and NFP data later this week....
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  • October 31, 2022
  • Market News
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is climbing after completing a double top formation last week, and focus shifts to the Fed’s Wednesday rate decision as markets try to see what’s around the next corner....
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  • October 31, 2022
  • Market News
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XAU/USD Faces Renewed Selling Pressure as FOMC Beckons

Spot gold recorded its seventh consecutive month of losses. Can we stave off a drop below $1600?...
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  • October 31, 2022
  • Market News
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Euro Breaking News: Stagflation Recurs With Contracting EZ GDP & Record Core CPI

EUR/USD remains conflicted as declining economic growth couples with rampant inflation to further thwart matters for the ECB....
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