Gold Price Falters Ahead of Fed Powell Speech – XAU/USD Drifts Lower
Gold prices test $1,840 as markets await Fed Powell’s monetary policy report.
Euro Update: EUR/USD Remains Supported Ahead of Fed Chair Powell’s Testimony
Hawkish rate expectation re-pricing is supporting the Euro ahead of Federal Reserve chair Jerome Powell’s appearance before US lawmakers, for now.
GBP/USD Struggles to Hold on to Gains Despite Positive UK Housing Data
UK Halifax house price data rose for a second successive month. The initial optimism has since dissipated as early gains were surrendered following the European Open.
Crude Oil Price Forecast: Demand Projection Fueled by Chinese Growth Outlook
Demand factors have been propping up crude oil prices of recent but Fed Chair Jerome Powell may change this trend with a hawkish testimony later today.
Hang Seng Index Price Setup: Are We There Yet?
The downward correction that started in the Hang Seng Index (HSI) doesn’t appear to be over just yet. What is the outlook and what are the signposts to watch?
New Bank of Japan Governor Likely Stuck with Kuroda’s Path
Alone among major central banks, the Bank of Japan has stuck to its ultra-loose monetary policy as inflation has risen. Will its new Governor shake things up?
Gold Prices Eyeing Bearish Death Cross as Traders Await Jerome Powell
Gold prices fell on Monday as a jump in Treasury yields weighed on the yellow metal. A bearish Death Cross is in focus as traders await Fed Chair Jerome Powell’s…
Australian Dollar Slides After RBA’s Widely Expected 25-Basis Point Hike
AUD/USD slides after the Reserve Bank of Australia hiked the cash rate by 25 basis points, in line with expectations. The focus now shifts to US Fed Chair Powell’s testimony…
Euro Bounces on Hawkish ECB and Ahead Powell’s Testimony. Higher EUR/USD?
The Euro made some ground against the US Dollar on hawkish comments from ECB officials as the market awaits Fed Chair Powell’s commentary later today. Will EUR/USD trend remain intact?
Natural Gas Prices Reverse on Milder Weather Outlook, Rising Wedge Breakout Eyed
Natural gas prices abruptly reversed lower on Monday as a milder US weather outlook plunged the commodity the most since June 2022. A bearish Rising Wedge breakout is now in…