GBP Breaking News: Energy Sources Sustain Extreme UK Inflation, Highest Since 1981
GBP/USD responded oddly, pushing lower after record levels of UK inflation were released by ONS.
Gold and Silver Technical Outlook: More of the Same?
Gold and silver have found a short-term floor, but what does the recent rally mean for the trend going forward? What is the outlook and what are the key levels…
Japanese Yen Slides Despite Treasury Yield Dip on Soft PPI and Conflict Concerns
The Japanese Yen has dipped again after the US Dollar gained despite a soft PPI amid heightened geopolitical tensions after a missile explosion in Poland. Where to for USD/JPY?
New Zealand Dollar Technical Outlook: Upward Momentum Intact
The month-long uptrend of the New Zealand Dollar has accelerated against the US Dollar since last week and there is no sign of reversal yet. What are the outlook and…
Crude Oil Price Jumps Around on OPEC+ and IEA Reports, Data and War Woes
Crude oil has bounced around so far this week as news flow has seen reports from OPEC+ and the IEA hint at lower demand while data and geopolitics create uncertainty.…
USD/CAD Rate Vulnerable to Sticky Canada CPI
Fresh data prints coming out of Canada may lead to a further decline in USD/CAD as the Consumer Price Index (CPI) is anticipated to show sticky inflation.
Australian Dollar at Risk, Poland Says Russian-Made Missile Hit Border Area Near Ukraine
The Australian Dollar is testing a critical trendline breakout higher despite rising geopolitical tensions in Europe as Asia-Pacific markets are left on edge for Wednesday’s trading session.
USD/JPY Rate Susceptible to Another Oversold Reading in RSI
USD/JPY may struggle to retain the advance from the August low (130.39) as the Relative Strength Index (RSI) continues to flirt with oversold territory.
S&P 500 Rebounds but Reports that Russian Missiles Landed in Poland Cap Upside
The S&P 500 resumed its recovery on the back of weaker-than-expected PPI data, but finished the day off its best levels following reports that Russian missiles crossed into NATO member…
Gold Price Short-term Outlook: Gold Bulls Eye Resistance
The gold price breakout is eyeing key resistance into the November high with the weekly range now in focus. Levels that matter on the XAU/USD short-term technical charts.