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Crude Oil Firms on OPEC+ Intentions and API Data. Will WTI Break the Range?

Posted by By 06/07/2023Posted inForex
Crude oil prices have held the high ground going into Thursday after a solid rally in the aftermath of OPEC+ announcements and API stockpiles slipping again. Higher WTI?
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Asia Day Ahead: Little Surprise in Fed Minutes; Focus Now on US Jobs Data

Posted by By 06/07/2023Posted inForex
Wall Street posted modest declines overnight, following its return from the holiday break.
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US Dollar Extends Gains as Fed Minutes Reinforce Hawkish Monetary Policy Outlook

Posted by By 05/07/2023Posted inForex
The minutes of the Federal Reserve's June meeting showed that the central bank believes additional monetary policy tightening may be warranted to bring inflation back to the 2.0% target.
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Q3 Top Trade: Short DAX as German Fundamentals Turn Sour

Posted by By 05/07/2023Posted inForex
Worsening EU and German Fundamental data weighs on the DAX at a time when Germany attempts to recover from a technical recession and manufacturing downturn
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USD/CAD Trapped in Lateral Channel for Now, Range Trading and Breakout Scenarios

Posted by By 05/07/2023Posted inForex
USD/CAD has lacked strong directional conviction over the past week, with the pair trapped in a horizontal corridor, moving back and forth between support and resistance levels.
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USD/JPY Price Outlook: Rising Japanese Wage Data Lifts the Yen

Posted by By 05/07/2023Posted inForex
The Japanese yen has depreciated consistently this year as the BoJ maintains its loose policy. However, broad wage increases suggest demand and inflation could persist
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Oil Price Forecast: WTI and Brent Trickle Higher as OPEC Seminar in Vienna Kicks Off

Posted by By 05/07/2023Posted inForex
Oil prices trickled higher this morning following announcements from the OPEC seminar. Will todays gains prove sustainable as macro factors continue to deteriorate?
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GBP/USD Pulls Back as Markets Look for Next Fed Rate Steer

Posted by By 05/07/2023Posted inForex
The Pound remains well supported by expectations that the Bank of England still has plenty of inflation fighting work to do.
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Gold Price Outlook: Technical Levels for Gold and Silver Analysed

Posted by By 05/07/2023Posted inForex
Gold and silver prices appear to be making a recovery but, in an environment, where US interest rates are expected to rise further, how much room to the upside is…
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​​​FTSE 100, DAX 40 and S&P 500 on a Negative Footing

Posted by By 05/07/2023Posted inForex
Outlook on FTSE 100, DAX 40 and S&P 500 as the US re-opens after its Independence Day holiday
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