Oil Gains on Supply Disruption Risks but Headwinds Loom, Key Levels to Watch
Oil prices rise to their best level in two weeks on supply disruptions in the Middle East, but the technical outlook suggests that the recent rally may be short-lived.
USD/CAD Price Forecast: Greenback Extends Losses as Loonie Gains
USD/CAD has broken below prior support after the Senate Banking Committee shifted focus to US regulators, demanding answers for the recent banking crisis.
US Consumer Confidence Rebounds Unexpectedly, but Fails to Boost US dollar
The U.S. dollar retains a negative bias despite better-than-expected consumer confidence data, as traders remain focused on the U.S. banking sector woes and the possibility of a Fed pivot later…
Gold Price Losing its Safe-Haven Shine, US Bond Yields Move Higher
Gold is losing some of its safe-haven premium as the recent banking turmoil continues to calm down. Risk may be back on the table but for how long?
GBPUSD Gains Again, BoE Bailey Says Inflation Fight Comes First
The British Pound Continued its run as the BoE Governor said banking worries won’t stop rate rises
EUR/USD Price Forecast: US and EU Banking Supervisors Provide Updates
With a sizeable downshift in high importance data this week, markets are left to assess respective rate differentials and comments from banking supervisors
AUD/USD Rises on Positive Retail Sales Data, CPI Ahead
AUDUSD rallied into key resistance around the 0.6700 level. Will we see a break higher with momentum or are we in for another rejection?
EUR/USD Doesn’t Look Ripe for a Break Above 1.10 Ahead of H.8 Data
The break last week above an important resistance has boosted hopes of a fresh leg higher in EUR/USD. However, it may be premature to conclude an unambiguously bullish view just…
DAX 40, FTSE 100 May Stabilize Further as Retail Traders Boost Bearish Exposure
Recently, the DAX 40 and FTSE 100 have been stabilizing. Retail traders responded by boosting bearish bets. Is this a sign further gains could be in store for prices ahead?
US Dollar Struggles to Gain Ground as Treasury Yields Leap. Where to for USD?
The US Dollar drifted lower as the markets digest the SVB rescue and Treasury yields run higher, calling into question a Fed pause. If risk assets continue to rally, will…