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Gold Holds the High Ground as US Dollar Languishes. Where to for XAU/USD?

Posted by By 25/01/2023Posted inForex
The gold price is pressing overnight highs as the US Dollar struggled to get a grip and CPI data revealed growing price pressures down under. How high can gold go?
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Hang Seng Index Technical Outlook: Strong Upward Momentum

Posted by By 25/01/2023Posted inForex
Higher highs registered on the weekly charts suggests that the Hang Seng Index’s trend remains up on optimism related to China’s economic reopening. What are the signposts to watch?
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S&P 500 Marks Another Underwhelming Bullish Break – What Does It Mean?

Posted by By 25/01/2023Posted inForex
From a trader’s perspective, what should be interpreted from a market that earns a technical break but then fails to generate the follow through that such a move would suggest?…
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Australian Dollar Jumps on Hot CPI Data. Where to for AUD/USD?

Posted by By 25/01/2023Posted inForex
The Australian Dollar leapt higher immediately after headline CPI printed at 7.8% year-on-year to the end of December and might ask some questions of the RBA. Will AUD/USD rally?
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Microsoft Shares Surge After Hours on Mixed Earnings – A Dow Recharge Tomorrow?

Posted by By 24/01/2023Posted inForex
Microsoft, the United States’ second largest company by market cap reported a mixed set of earnings after the close. Nevertheless, MSFT shares traded as much as 5 percent higher after…
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US Dollar Grasps for Support at Eight Month Lows

Posted by By 24/01/2023Posted inForex
The US Dollar continues to hold very near eight-month-lows and Friday brings a key inflation print to markets with the release of Core PCE.
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USD Breaking News: Dollar Index (DXY) Pops on U.S. PMI Beat

Posted by By 24/01/2023Posted inForex
The U.S. dollar found some bullish support post-PMI data which maintained its contractionary outcome but at a slower rate than previous prints.
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Silver Price Outlook: XAG/USD Relief Rally Buoyed by Dollar Weakness

Posted by By 24/01/2023Posted inForex
Silver prices have recovered a large portion of yesterday’s losses after testing psychological support at $23.00. With USD weakness driving gains, economic data could boost gains.
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Gold Prices Power Ahead, Will XAU/USD Break $2,000 Soon?

Posted by By 24/01/2023Posted inForex
The precious metal is testing a new multi-month high and with little in the way of resistance on the charts, gold may soon challenge $2,000/oz.
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UK PMIs Add to Disappointing Data Ahead of BoE Meeting, GBP Lower

Posted by By 24/01/2023Posted inForex
UK services PMI data saw the fastest drop in business activity in the last 24 months while manufacturing beat estimates. The report compounds recent negative data prints
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