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Oil Gains Despite China’s Soft GDP Target, Gold Mixed as Markets Await Powell

Posted by By 06/03/2023Posted inForex
Oil prices rise despite China’s disappointing GDP growth target for 2023. Meanwhile, gold trades with a neutral bias as traders avoid taking large directional positions ahead of Powell’s testimony.
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S&P 500 Outlook: EPS Forecasts Revised Lower (Q1), SPX Rises

Posted by By 06/03/2023Posted inForex
US equities continue to rise after last week’s positive PMI data and optimism around China’s manufacturing sector & general reopening. Powell’s testimony and NFP up next
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US Dollar Subdued ahead of Powell’s Testimony. What Should Forex Traders Expect?

Posted by By 06/03/2023Posted inForex
The U.S. dollar falls on Monday as riskier assets rise, but Fed Chairman Powell could revive the greenback’s recovery if he takes a hawkish stance in his testimony before Congress…
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EUR/GBP Latest – Is a Fresh Multi-Month High Brewing?

Posted by By 06/03/2023Posted inForex
Sterling may struggle against the Euro as ECB hawks continue to call for higher interest rates
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Bitcoin Price Outlook: BTC, ETH Trade Flat After Bouncing Off Support

Posted by By 06/03/2023Posted inForex
Bitcoin and Ethereum have continued to trade sideways after recovering from Friday’s slide. BTC lingers around $22,500 while ETH eyes $1,600.
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Gold Prices Hold Steady Ahead of Fed Chair Powell and the Latest US Jobs Report

Posted by By 06/03/2023Posted inForex
The recent rally in the precious metal has stalled as the week opens with traders looking ahead to a couple of important market moving events.
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EUR/USD Unchanged as Euro Area Retail Sales Tick Higher but Miss Estimates

Posted by By 06/03/2023Posted inForex
Eurozone retail sales recorded a small increase in January which points to a weaker start to the year than expected as higher prices continue to weigh on consumers.
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AUD Price Forecast: Aussie Dollar Hampered by Chinese GDP Expectations

Posted by By 06/03/2023Posted inForex
AUD/USD trades cautiously ahead of a stacked day tomorrow which include the RBA’s rate decision as well as Fed Chair Jerome Powell’s testimony.
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TOPIX and KOSPI Price Setup: Eying Bullish Breakouts

Posted by By 06/03/2023Posted inForex
TOPIX and KOSPI are gearing for a bullish break that could potentially lead to gains of around 8%-14%. What are the key levels to watch?
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Gold Looks to Powell for a Confirmation

Posted by By 06/03/2023Posted inForex
Precious metals appear to be holding their last week's gains and probably looking for an additional catalyst. What are the signposts to watch?
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