• February 2, 2024
  • Market News
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Brent, WTI Update: Oil on Track for Sizeable Weekly Loss

OPEC maintained their output policy and will meet in March to determine Q2 levels. Oil has fallen notably this week as concern around China’s uneven recovery gains pace...
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  • February 2, 2024
  • Market News
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Gold Price Forecast: US Jobs Data to Shape Near-Term Trend, Setup on XAU/USD

This article centers on the technical outlook for gold, emphasizing critical price thresholds that demand vigilant attention in the coming days. The piece also analyzes two plausible scenarios that may unfold following the release of the US jobs report....
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  • February 2, 2024
  • Market News
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Dow & Nasdaq 100 Fall after Fed Decision, while Hang Seng Decline Continues

Risk appetite has been hit in the wake of the Fed meeting, though losses in US indices are relatively contained for now. Meanwhile, the Hang Seng is falling once more....
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  • February 2, 2024
  • Market News
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BoE Kept Rates Unchanged but Revised Inflation Outlook Eyes Cuts

The BoE expects inflation to reach its 2% target as soon as Q2 this year but surprised markets by forecasting a resurgence that will send it back above target until Q4 2026...
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  • February 2, 2024
  • Market News
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EUR/USD Battered By Fed, Stays Down Despite Small Core HICP Beat

There was no respite for the Euro in data showing resilient inflation, perhaps because that’s not expected to last...
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  • February 1, 2024
  • Market News
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US Dollar Holding Post-FOMC Gains for Now, Gold Continues to Nudge Higher

US Fed Chair Jerome Powell poured water on a March rate cut at yesterday’s FOMC meeting but markets continue to price in an aggressive series of cuts for the rest of the year....
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  • February 1, 2024
  • Market News
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US Dollar Looks to Jobs Data After Fed; Setups on Gold, EUR/USD, USD/JPY, GBP/USD

This article dives into the technical outlook for gold and major FX pairs (EUR/USD, USD/JPY and GBP/USD) following the Fed monetary policy decision. The piece also offers an in-depth analysis of key price thresholds worth watching later this week....
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  • February 1, 2024
  • Market News
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Meta Stock Price at Record High Ahead of Earnings

​​Meta’s huge stock price surge has carried it to new record highs, helped along by a rise in active users and increased advertising revenues.​...
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  • February 1, 2024
  • Market News
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Pound (GBP/USD) Outlook: Cable Jumps in the Lead up to FOMC

GBP/USD received a lift despite trading lower against a number of other G7 currencies. US 2-year yields dropped resulting in a softer dollar ahead of the FOMC...
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  • February 1, 2024
  • Market News
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Fed Holds Steady, Ditches Tightening Bias; Gold and US Dollar on the Move

The Federal Reserve kept interest rates unchanged for the fourth consecutive meeting, but adopted a slightly more dovish outlook by removing its tightening bias from the monetary policy statement....
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