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S&P 500, Nasdaq Week Ahead: Resilience or a Lull Before the Storm?

Posted by By 15/05/2023Posted inForex
US equity markets are looking for positive catalysts which appear to be dwindling. Indeed, the checklist of negative factors cast a shadow over the multi-week uptrend. On technical charts, however,…
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AUD/JPY IG Client Sentiment: Our data shows traders are now net-long AUD/JPY for the first time since Apr 13, 2023 when AUD/JPY traded near 89.93.

Posted by By 15/05/2023Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.
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US Dollar Leaps with Treasury Yields as Debt Ceiling Takes Centre Stage. Lower EUR/USD?

Posted by By 15/05/2023Posted inForex
The US Dollar made strong headway to round out last week with Treasury yields moving north but the debt ceiling lingers as a potential driver of market sentiment. Will the…
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Markets Week Ahead: Gold, S&P 500, US Dollar; Powell, Debt Ceiling, Australia Jobs, Germany ZEW, China Data

Posted by By 14/05/2023Posted inForex
Markets will be looking for cues from Fed Chair Jerome Powell after hawkish remarks from Fed officials raised doubts on whether the US central bank will pause at its next…
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Crude Oil Market Outlook Darkened by Debt Ceiling Debacle and Recession Risks

Posted by By 14/05/2023Posted inForex
Crude oil prices are likely to remain subdued in the near term, with growing U.S. recession fears and the debt ceiling impasse weighing on market sentiment and risk appetite.
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BRITISH POUND (GBP) WEEKLY FORECAST: GBP Bulls Eye Fresh Catalyst with UK Employment Data

Posted by By 12/05/2023Posted inForex
The British Pound has seen a positive week on the data front but losses against the greenback to end the week has added a bitter taste. 1.2460 holds the key…
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Gold Prices Veer Off Bullish Path as US Dollar Firms but Outlook Still Upbeat

Posted by By 12/05/2023Posted inForex
Gold prices fell on Friday, retreating for the third consecutive session, but the pullback was modest, a sign that bulls are not yet bailing out despite the metal’s subdued performance…
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Copper Prices Drop on Weaker Chinese Data, Demand Concerns

Posted by By 12/05/2023Posted inForex
Copper, often a leading economic indicator, turns lower after disappointing Chinese data and weaker metal demand sends a warning signal to the global economy
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US Dollar Latest: Bullish Move Stalls at Channel Resistance

Posted by By 12/05/2023Posted inForex
The US dollar is little changed in early trade after yesterday’s sizeable move higher, bouncing off a long-term zone of support. Levels to watch for DXY
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GBP Breaking News: UK Economy Expands 0.1% in Q1 of 2023, GBP/USD Bid

Posted by By 12/05/2023Posted inForex
The UK Economy expanded in Q1 of 2023 but February stalled and March contracted. Is that just a blip or a cause for concern moving forward?
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