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New Zealand Dollar Ahead of US PCE Data; NZD/USD, AUD/NZD, GBP/NZD Price Setups

Posted by By 28/06/2023Posted inForex
The New Zealand dollar is maintaining a weak bias against most of its peers ahead of the key US PCE price data due Friday, on diverging monetary policy outlooks. What’s…
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US Dollar Treads Water Ahead of Titanic ECB Gathering. Will EUR/USD Break the Range?

Posted by By 28/06/2023Posted inForex
The Euro backed away from the overnight peak against the US Dollar as markets wait with bated breath for the ECB’s much-anticipated gathering of central bank big guns. Where to…
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Australian Dollar Slides After CPI Data; How Much More Downside in AUD/USD?

Posted by By 28/06/2023Posted inForex
AUD dropped after Australia's monthly CPI indicator showed price pressures moderated more than expected last month. What is the outlook for AUD/USD ahead of Australia retail sales (Thursday) and US…
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Asia Day Ahead: Upside Economic Surprises in US Calm Recession Nerves

Posted by By 28/06/2023Posted inForex
Market participants seem to take comfort from a series of stronger-than-expected economic data out of the US, with economic resilience being the takeaway and calmed some nerves for an impending…
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Gold Price Leaks Lower as US Dollar Dithers Ahead of Powell. Lower XAU/USD?

Posted by By 28/06/2023Posted inForex
The gold price is struggling to hold ground despite a US Dollar tracking sideways ahead of Fed Chair Powell’s appearance on an ECB panel discussion later today. Will XAU/USD recover?
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Oil Price Outlook: Inflation Data and Central Bank Hawks Weigh on Oil Prices

Posted by By 27/06/2023Posted inForex
Oil prices struggle to form upside momentum despite Saudi production cuts coming into play next week. Global growth concerns and the prospect of rate hikes weigh
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Gold Slides and USD/CAD Rallies as US Data Offers the DXY Temporary Support

Posted by By 27/06/2023Posted inForex
Spot Gold surrendered the high ground as USD/CAD rose following US and Canadian data. Canadian inflation at 2-year lows and US home sales at 1-year highs. What recession?
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Japanese Yen Weakens Further: USD/JPY, GBP/JPY, and CAD/JPY Latest

Posted by By 27/06/2023Posted inForex
Japanese officials are voicing their concerns over the latest bout of JPY weakness, but will jaw-boning be enough to stop the Japanese Yen from falling further.
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ECB Hawks Propel the Euro Higher: EUR/USD, EUR/GBP and EUR/JPY Setups

Posted by By 27/06/2023Posted inForex
The ECB’s Forum on Central Banking has provided a platform for hawkish officials this morning ahead of tomorrow’s panel discussion including heads of the Fed, BoE and ECB
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FTSE 100 and Dow see rebounds stumble, while Nasdaq 100 claws back some losses

Posted by By 27/06/2023Posted inForex
​​Tech stocks dropped sharply yesterday, but the Nasdaq 100 has tiptoed higher this morning, while the rebounds in the FTSE 100 and Dow have struggled. ​
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