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Canadian Dollar Weakens with Crude Oil Prices as Traders Turn Sour Before the Fed

Posted by By 02/05/2023Posted inForex
The Canadian Dollar weakened alongside crude oil prices as US regional bank woes and global growth fears deteriorated sentiment 24 hours before the Fed. Where to for USD/CAD?
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Oil Prices in Freefall, On Cusp of Breakdown, USD/CAD Buoyed by Market Mayhem

Posted by By 02/05/2023Posted inForex
Oil prices sink and threaten to break below key technical support at $71.50. Meanwhile, USD/CAD rallies, bolstered by bearish sentiment, with the pair poised to challenge cluster resistance.
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USD/JPY Hammered by Disappointing Job Openings Data as Fed Decision Looms

Posted by By 02/05/2023Posted inForex
After a solid rally late last week and yesterday, USD/JPY retreats on Tuesday, undercut by falling U.S. Treasury yields following disappointing U.S. job openings data
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Nasdaq Price Update: Apple Earnings, FOMC, NFP to Provide Volatility

Posted by By 02/05/2023Posted inForex
The largest company by market cap reports its Q2 earnings in a week comprising of a Fed rate decision, services PMI and US non-farm payroll data. Volatility lift expected
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Japanese Yen Price Action Update: EUR/JPY, USD/JPY. AUD/JPY

Posted by By 02/05/2023Posted inForex
Concern around diverging Central Bank policies and improving sentiment sees the Euro hit 15-year high to the Yen. Where to next for Yen pairs?
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Gold Price (XAU/USD), Silver Price (XAG/USD): Attention Now Turns to the Federal Reserve

Posted by By 02/05/2023Posted inForex
The Fed will announce its latest monetary policy decision on Wednesday with a 25 basis point rate hike now fully priced-in.
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Euro Area Core Inflation Retreats as YoY Print Accelerates, EUR/USD Lower

Posted by By 02/05/2023Posted inForex
Euro Area annual inflation rate ticked higher April missing estimates by 0.1% as the Core print ticked lower. Following the data and the ECB Bank Lending Survey, is a 25bps…
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GBP/USD Price Forecast: Pound Resilient Ahead of Fed

Posted by By 02/05/2023Posted inForex
GBP/USD is relatively muted against its more macro influenced counterparts this week as the pair prepares for the Fed tomorrow. Pound continues to hover around 1.25.
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Australian Dollar Spikes After RBA Hikes. Will AUD/USD Find Higher Ground?

Posted by By 02/05/2023Posted inForex
The Australian Dollar shot higher after the RBA raised the cash rate to 3.85%, surprising markets. The bank cited inflation as being too high. If they hike again, will AUD/USD…
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Crude Oil Steadies as Markets Eye Fed and ECB Rate Decisions. Where to for WTI?

Posted by By 02/05/2023Posted inForex
Crude oil prices consolidated into Tuesday as markets digest data ahead of monetary policy meetings from the Federal Reserve and the ECB. If both banks tighten, will WTI go lower?
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