Oil Price Forecast: WTI and Brent Eye Further Downside as Demand Fears Return
Oil prices remain pressurized as growing concerns around global demand and a further rate hike from the Fed weigh on prices. Will we see the price gap created by the…
British Pound Latest – GBP/USD Starts the Week on a Positive Note
GBP/USD starts the session on the front foot and back above 1.2400. Early US dollar weakness is helping the move ahead of important US releases on Wednesday.
AUD/USD Price Forecast: Consumer Confidence Hits Fresh Yearly Highs, Aussie Bid
The AUD is trading higher this morning after a positive China/Australia deal may remove tariffs on local barley while Westpac consumer confidence beat estimates.
Bitcoin Crosses the Key $30000 Mark. Will it Sustain?
Bitcoin’s jump to a nine-month high is a sign that the medium-term downtrend in cryptocurrencies is changing. While the trend on the daily charts continues to be bullish, some short-term…
Natural Gas Price Setup: Downward Pressure is Abating
Natural gas prices are holding above strong support, raising the prospect of at least some consolidation /minor rebound as the downward momentum is fading.
US Dollar Extends Rise as Liquidity Comes Back and Markets Absorb NFP Report
The US Dollar gained on Monday as liquidity came back online and markets fully absorbed Friday’s non-farm payrolls report. Will DXY’s momentum hold ahead?
Gold Prices Fall as Traders Raise Odds of More Fed Tightening after Solid Jobs Data
Gold begins the week on the back foot, dragged down by the rally in the U.S. dollar and the increased likelihood of a May FOMC rate hike, but maintains a…
US Dollar Gains as May Hike Bets Rise, but Rates Outlook May Hinge on Inflation Data
The U.S. dollar rallies on Monday, boosted by rising U.S. yields and risk-off sentiment, with traders looking ahead to a key U.S. inflation report that could define the Fed's near-term…
USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Mar 29, 2023 when USD/CAD traded near 1.36.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.
Q2 Top Trade Idea: Short USD/JPY on Fed Pause Signal, JPY Safe Haven Appeal
USD rate expectations price in multiple rate cuts for 2023 while the yen appears poised to capitalise on its safe-haven appeal and possible policy normalisation