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Natural Gas Price Rally Faces Obstacles: Fading Momentum and a Rising Wedge

Posted by By 01/03/2023Posted inForex
Natural gas prices have been aiming as of late. Still, you will find plenty of technical evidence that traders appear to be experiencing indecision. What are key levels to watch?
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Gold Prices Rebound but Respite May Be Short-Lived, S&P 500 Muted as Yields Rise

Posted by By 28/02/2023Posted inForex
Gold prices and the S&P 500 could resume the next leg lower in short order if bond yields continue their stratospheric rise amid a hawkish repricing of the Fed’s hiking…
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US Dollar Extends Losses as Consumer Confidence Sours. What’s Next for the USD?

Posted by By 28/02/2023Posted inForex
The U.S. dollar extended losses after U.S. consumer confidence data surprised to the downside and prompted Treasury yields to pare their daily advance.
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Pound Sterling Reacts Favorably to NI Protocol – GBP/USD, GBP/JPY Rise

Posted by By 28/02/2023Posted inForex
News of Rishi Sunak striking a deal with the EU has lifted sterling, but the supposed improvements need to satisfy Tory Brexiteers and the Democratic Unionist Party (DUP)
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Crude Oil Market Looks Nervously To PMIs, Inventory Data

Posted by By 28/02/2023Posted inForex
A nervy oil market awaits a slew of both energy-specific and general economic numbers
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USD/JPY Facing Strong Technical Hurdle at the 137.00 Level

Posted by By 28/02/2023Posted inForex
The Yen remains vulnerable against the greenback as potential BoJ Governor Ueda doubles down on easy monetary policy stance. Can the Technical hurdles ahead keep USDJPY in check?
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Canadian Dollar Outlook: USD/CAD Price Seeks Breakout Ahead of Canadian GDP

Posted by By 28/02/2023Posted inForex
USD/CAD is trading marginally higher this morning as the US dollar claws back lost gains. Canadian GDP and US consumer confidence under the spotlight today.
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EUR/USD holds key support ahead of Euro area CPI

Posted by By 28/02/2023Posted inForex
EUR/USD’s rebound on Monday from near-strong support could be a sign that the single currency isn’t ripe to break lower ahead of the key Euro area CPI data due later…
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Gold Prices at Risk Heading into US Consumer Confidence Data, Death Cross Eyed

Posted by By 28/02/2023Posted inForex
Gold prices appear at risk as traders turn their attention to US Consumer Confidence data next. Meanwhile, a bearish Death Cross is in focus on the daily chart.
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British Pound Holds the Bounce as US Dollar Pauses with Fed Firm on 2% Inflation Goal

Posted by By 28/02/2023Posted inForex
The British Pound found firmer footing on a potential trade deal between the UK and EU while the US Dollar eased with Federal Reserve maintaining its inflation target. Higher GBP/USD?
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