Gold Price Forecast: $1800 Back in Focus as Price Consolidates Following Selloff
Spot gold remains above the 100 and 200-day MAs despite yesterday’s selloff. $1800 holds the key for a change in the technical outlook.
Euro Latest: Euro Area Growth Flatlines, EUR/USD Dancing to Powell’s Tune
The Euro Area recorded no growth in Q4, according to the latest Eurostat data, in line with analysts’ forecasts. EUR/USD unchanged after Tuesday’s Powell inspired heavy sell off.
British Pound (GBP) Forecast: Fading Risk Sentiment Knocks Back Sterling
GBP/USD is at the mercy of US economic data carrying over from yesterday testimony by Fed Chair Jerome Powell.
Crude Oil Prices Sink the Most in 2 Months, Eyes on Key Economic Data Next
Crude oil prices sank the most in 2 months after testimony from Fed Chair Jerome Powell. Ahead, WTI is eyeing DOE oil inventory data and JOLST job openings. Where to?
Precious Metals Lose Shine After Powell; What’s Next for Gold and Silver?
Precious metals appear to be losing shine after US Fed Chair Powell stepped up higher rates rhetoric in his semi-annual testimony to lawmakers on Tuesday. What is the outlook on…
US Dollar Price Setup After Powell: EUR/USD, GBP/USD, USD/JPY
The USD looks set to gain further against some of its peers on relative outperformance of the US economy and monetary policy edge. What is the outlook on EUR/USD, GBP/USD,…
Dow Jones, S&P 500 Plunge on Powell Testimony. Is a Larger Fed Rate Hike Next?
The Dow Jones and S&P 500 plunged as increasingly hawkish testimony from Federal Reserve Chair Jerome Powell offered markets a reality check. Is a 50-basis point rate hike the next…
Gold Prices Collapse as Powell Flags Risk of Higher Peak Rates, Silver Hammered
Gold and silver suffered heavy losses on Tuesday as rate-sensitive assets took a beating following Fed Chairman Powell's hawkish comments at a congressional hearing.
USD/CAD Breaks Range Top at 1.3700 as Dollar Advances and Oil Retreats
The greenback received fresh impetus following Fed Chair Powell’s testimony. USDCAD finally clearing the range high at 1.3700 which has been a key area of resistance since November 2022.
US Dollar Rallies as Powell Issues Hawkish Pledge, Signals Higher Peak Rates
The US dollar extended gains after Powell embraced a hawkish stance in an appearance before Congress, stating that the Fed’s terminal rate is likely to settle higher than initially anticipated…