Oil Price Update: Brent Crude Oil Tests Crucial Channel Resistance
Brent crude oil’s trading range to be tested as prices approach crucial resistance at $78.60. Likewise, WTI looks to test $73.90
Gold Price Update: Resistance Continues to Hold XAU/USD Bulls at Bay
Gold is unable to break through short-term resistance and may drift lower ahead of this week’s US inflation release.
GBP/USD, EUR/GBP Outlook Ahead of a Data Filled Week
Sterling appears to be on the back foot at the start of the week following an impressive rally of late. Will Governor Bailey and UK Employment data keep Sterling supported?
EURUSD Holds Post-Payroll Gains, Market Weighs Rate-Rise Chances
The Euro got a boost last week as US labor-data made markets rethink just how high rates might go. It’s hanging on to those gains as new week gets under…
European stocks indices to open lower on sluggish Chinese economy
Outlook on FTSE 100, DAX 40 and S&P 500 as Chinese economy remains lacklustre.
Australian Dollar Price Forecast: Chinese Inflation Hurts Pro-Growth AUD
AUD/USD looks ahead to Fed guidance later today after a weak start to the trading day.
Crude Oil Dips After Large Gains as US Dollar Finds Firmer Footing. Lower WTI?
The crude oil price eased a touch today as it remains trapped in a range with soft Chinese data and Madame Secretary Yellen not ruling out a US recession. US…
Gold Price Steadies as US Dollar Under Pressure Ahead of CPI. Where to for XAU/USD?
The gold price is poised near US$ 1,930 going into the new week with a US Dollar losing traction despite Treasury yields ticking north. Will real yields play a role…
Cracks Emerge in Japanese Yen’s Downtrend; USD/JPY, CAD/JPY, MXN/JPY Price Setups
The Japanese yen looks set this week to shed some of its gains against some of its peers, but cracks are starting to emerge in the Japanese currency’s broader downtrend…
Asia Day Ahead: US Job Report Brings Cautious Start to the Week
Major US indices failed to retain its initial gains in the aftermath of the US June jobs report last week, with a mid-day sell-off on relative high volume forcing an…