Central Bank Watch: BOE & ECB Interest Rate Expectations Update
The ECB’s July meeting is set to convene in two weeks, coming on the heels of its 18-month policy review that concluded on Thursday.
Gold Price Outlook: Gold Rallies as Rates Tank- XAU/USD Levels
Gold prices surged 3.7% on a six-day rally off the June lows with XAU/USD now eyeing initial resistance hurdles. The levels that matter on the gold technical charts.
GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Apr 26, 2021 when GBP/JPY traded near 150.30.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.
Yen Rallies on Rates Theme: USD/JPY, EUR/JPY, GBP/JPY
We're in the summer and ranges are common, but the Yen may be threatening a larger reversal as US rates continue to fall.
S&P 500 Testing Fibonacci Support as MACD Eyes Crossover
S&P 500 price action is coming under pressure as the stock market pulls drops over -1% from all-time highs. Investors might look to defend nearside technical support, but a MACD…
Canadian Dollar Outlook: USD/CAD Breakout Underway- Loonie Levels
Canadian Dollar plunged more than 1.7% this week with a breakout in USD/CAD now eyeing the first Major resistance hurdle. The levels that matter on the technical charts.
AUD/USD Trades to Fresh 2021 Low as RBA Defines ‘Full Employment’
AUD/USD trades to a fresh yearly low (0.7417) as RBA Governor Philip Lowe defends the dovish forward guidance for monetary policy.
Crude Oil Outlook: Brent Falls as Technicals Reflect Bearish Fundamentals
Crude oil fundamentals have been stacking up with vagueness around OPEC+, the Japanese state of emergency and rising US-Iraq tensions; all culminating in a bearish image on the Brent crude…
Mexico’s Annual Headline Inflation Cools, but Core CPI Jumps, USD/MXN Shrugs Off Data
Mexico's annual headline CPI cools modestly in June, but the core gauge soars to its highest level since December 2017, a sign that inflationary pressures are become more broad-based.
ECB Strategy Review: ECB Sets Symmetrical Inflation Target
ECB announces new inflation target as expected. Lagarde to speak from 1330BST.