Silver Price Forecast: XAG/USD Attempts to Find Support at Well-Known Level
Silver, much like gold, has had a tough time of late. Dropping like a stone from a well-defined zone of resistance, now attempting to find its feet at prior support
FTSE 100 Hits Another Record High – Upbeat Earnings Lift Sentiment
FTSE 100 has recorded another record high after extending gains from the BP and Shell profit release. Prices remain supported by psychological support at 7900.
US Dollar (DXY) Rattled by a Slightly Less Hawkish Fed Chair Powell
Fed chair Jerome Powell has a new word in his lexicon, disinflation, and it is likely he is going to use it on a regular basis going forward.
Gold Rallies as Fed Chair Powell Sticks to Post FOMC Rhetoric
Spot gold’s rally has seen it take out the weekly high at $1885 with $1900 now in sight. Will Fed speakers spoil the party?
USD/JPY Price Outlook: Japan’s PM Reveals Prerequisite for New BoJ Head
Japan’s PM Kishida is to submit his candidate for Bank of Japan Governor to parliament next week. Will the new incumbent normalize current ultra-dovish policy?
British Pound (GBP) Forecast: Cable Shaped by USD Factors
GBP/USD is at the mercy of the Fed and U.S. centric information as markets reprice their rate expectations higher weighing negatively on the pound.
ASX 200 and KOSPI Technical Outlook: Kospi is Getting Ripe for a Rally
Australia ASX 200 index’s rally is showing signs of fatigue as it tests tough converged resistance. The South Korean benchmark index, KOSPI, looks set to break higher. What are the…
Crude Oli Hold the High Ground on US Dollar Weakness. Will WTI go Higher?
The Crude oil price maintained overnight gains after the US Dollar slid on the interpretation that Fed Chair Powell wasn’t hawkish enough. Inventory data and supply chains also lifted WTI.
Natural Gas Technical Outlook: A Pause or a Reversal?
Natural gas prices may have rebounded materially recently, but so far it looks like a pause, rather than a reversal of the downtrend, even on some intraday timeframes. What are…
Gold Price Hangs Tough as US Dollar Dominates Proceedings. Where to for XAU/USD?
The gold price has mostly ignored the turmoil of US Dollar movements upending other markets this week as the Federal Reserve’s rate path provides the impetus for volatility.