EUR/USD Price Forecast: EUR/USD Eyeing Bounce at Key Confluence Area
The Euro is looking to arrest its slide against the Greenback as market sentiment improves and key confluence area comes into play. A bounce in store for EURUSD from the…
Japanese Yen Price Setups: USD/JPY, GBP/JPY, EUR/JPY
Positive news about a potential agreement to raise the US debt ceiling lightens market sentiment. Current yen setups are broadly skewed to the downside
GBP/USD Price Forecast: BoE & Fed Battle it Out as Pound Remains on Offer
GBP/USD looks to central bank speakers today from both the BoE and Fed while US jobless claims data dominates the economic calendar.
Natural Gas Price Rebound Could Extend; What’s Next for Crude Oil?
Natural gas prices could be due for further gains on declining drilling activity, tighter credit conditions, and oversold technical conditions. Meanwhile, upward momentum has been lacking even as crude oil…
Dow, S&P 500, Nasdaq Jump on Debt Deal Hopes: More Gains on the Cards?
US equity indices jumped on Monday after reassurance from lawmakers that the country won’t default on its debt obligations, boosting hopes of a deal to raise the debt ceiling. The…
Australian Dollar Drops on Jobs Data That May Assist the RBA. Where to for AUD/USD?
The Australian Dollar took a hit after employment data today revealed a loosening of the labour market that might serve to take the heat out of inflationary pressures. Will AUD/USD…
Gold Prices Fall Amidst US Debt Ceiling Deal Bets, Technical Setup Shaky
Gold prices fell on Wednesday as US debt ceiling breakthrough bets pushed up Treasury yields. XAU/USD’s technical landscape is looking increasingly shaky of late.
AUD/USD Stuck in No Man’s Land, USD/JPY Blasts Off as Bears Taken to Woodshed
USD/JPY’s rally gains momentum after two key resistance levels are breached. Meanwhile, AUD/USD remains stuck in a consolidation channel, with range trading strategies still looking attractive.
EUR/USD on Meltdown Watch, Nasdaq 100 Holds Steadfast After Bullish Breakout
EUR/USD drops and heads towards confluence support at 1.0820/1.0785 as sellers pounce. Meanwhile, the Nasdaq 100 charges higher and sets fresh 2023 highs following last week’s bullish breakout.
USD/ZAR Update: South African Rand Facing Downside Risk Ahead of Inflation Data and SARB Rate Decision
The South African Rand (ZAR) has struggled the last two days as a resurgent dollar adds to the currency’s woes. R20/$ on the horizon?