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Oil Prices in Tailspin as Economic Risks Darken Demand Outlook, Bears in Control

Posted by By 03/05/2023Posted inForex
Oil prices extend losses from the previous session and fall to their lowest level since late March, dragged lower by growing economic headwinds, including the possibility of a U.S. recession.
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USD Breaking News: Uneventful ISM Services Beat Heightens FOMC Expectancy

Posted by By 03/05/2023Posted inForex
The USD slid after the ISM services report exposed a large decline in the employment reading, setting the stage for the FOMC announcement later today.
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Sterling Update: GBP Takes Back Seat Ahead of Fed, ECB Meetings

Posted by By 03/05/2023Posted inForex
The pound has held up nicely against the dollar but has lost ground against the euro. This week is all about the Fed and ECB which will be the driving…
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Euro Latest: EUR/USD and EUR/JPY Prices and Outlooks

Posted by By 03/05/2023Posted inForex
The Federal Reserve and the European Central Bank will announce their latest policy decisions in the next 24 hours and that makes trading EUR/USD a tricky proposition.
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Gold Eyes YTD High Following Triangle Breakout, FOMC and Overall Sentiment Remain Key

Posted by By 03/05/2023Posted inForex
Spot Gold Benefits as Safe Haven Appeal Returns. Will the FOMC meeting provide the catalyst for fresh highs?
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USD/JPY Price Forecast: Japanese Yen Set for Safe Haven vs FOMC Battle

Posted by By 03/05/2023Posted inForex
USD/JPY now looks to key US economic data and the FOMC for guidance while keeping a close eye on the developing banking crisis. Yen sandwiched between 135 and 140.
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Australian Dollar Price Setup: EUR/AUD, GBP/AUD, AUD/JPY

Posted by By 03/05/2023Posted inForex
The Australian dollar has rebounded against some of its peers as the Reserve Bank of Australia unexpectedly raised interest the cash rate by 25 basis points at its meeting on…
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Crude Oil Price Punished Ahead of Fed on Recession Fears. Will WTI Push Lower?

Posted by By 03/05/2023Posted inForex
Crude oil is on the back foot as recession alarm bells are ringing with US banks and data undermining confidence. If the Fed turns more hawkish, will it stoke more…
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US Dollar Action Ahead of Fed Rate Decision: EUR/USD, GBP/USD, AUD/USD

Posted by By 03/05/2023Posted inForex
Teaser: The US dollar’s trend broadly remains down ahead of the US Federal Reserve’s interest rate decision However, the slide appears to be losing some steam, leaving open the possibility…
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Gold Price Holds the High Ground as Treasury Yields Retreat. Where to for XAU/USD?

Posted by By 03/05/2023Posted inForex
The gold price found support overnight with concerns around the US banking sector undermining sentiment and perceived haven assets gaining lustre. Will XAU/USD make a new peak?
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