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US Dollar (DXY) Struggles Continue as the Latest US Jobs Report (NFP) Nears

Posted by By 05/05/2023Posted inForex
If current market pricing is to be believed, US interest rates will be 175 basis points lower this time next year, and that will hit the dollar hard. Next up,…
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GBP/USD Price Forecast: Fresh Yearly Highs for Pound Ahead of NFP

Posted by By 05/05/2023Posted inForex
GBP/USD extends its recent upside now hitting new 2023 highs but with NFP around the corner, will we see a continuation or pullback?
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Did ECB Just Put Brakes on Euro’s Rally? EUR/USD, EUR/AUD, EUR/JPY

Posted by By 05/05/2023Posted inForex
The European Central Bank (ECB) may have just raised the bar for an imminent break higher in the euro against some of its peers. What is the outlook for EUR/USD,…
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Japanese Yen Toys with the Market as Ranges Break then Retreat. Where to for USD/JPY?

Posted by By 05/05/2023Posted inForex
The Japanese Yen sunk and then sailed north against the US Dollar this week as markets contemplate the Fed’s action against the Bank of Japan’s non-action. Is the trend intact…
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Gold Prices Rise as Markets Focus on Fed Rate Cut Bets and Regional Bank Woes

Posted by By 04/05/2023Posted inForex
Gold prices aimed slightly higher on Thursday as Fed easing bets and regional bank woes continued to drive market sentiment. Bearish technical patterns are brewing for XAU/USD, however.
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Apple Gains After Earnings Beat, Carrying Nasdaq 100 Futures Higher

Posted by By 04/05/2023Posted inForex
Apple’s financial results beat expectations, with both EPS and revenue clocking in above estimates. Shares of the tech company rally after the earnings announcement.
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Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Mar 28, 2023 when Wall Street traded near 32,430.10.

Posted by By 04/05/2023Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
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USD/JPY Loses Altitude and Sinks to Support, AUD/USD Defies Ironclad Resistance

Posted by By 04/05/2023Posted inForex
USD/JPY plunges on Thursday, falling toward an important region of technical support. Meanwhile, AUD/USD charges higher and defies cluster resistance, but subdued market sentiment limits its advance.
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Crude Oil (WTI) Update: Intra-day Pullback Attempts to Halt Panic Selling

Posted by By 04/05/2023Posted inForex
Oil markets attempt to recover after a massive two day sell-off. Re-emerging banking fears, higher US interest rates and a deteriorating global outlook weigh on oil
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USD/CAD Price Forecast: Loonie Bid on Upbeat Canadian Balance of Trade Data

Posted by By 04/05/2023Posted inForex
CAD is gaining ground on the US dollar but high impact economic data tomorrow will be in focus possibly resulting in a bull pennant break on USD/CAD daily chart.
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