Euro Breaking News: Inflation Hits Double Digits as ECB Run Out of Options
Inflation in the Euro Area accelerated with unemployment steady. Can the ECB afford anything less than a 75bp hike?
GBP/USD Forecast: Cable Recovers as Truss, Kwarteng Meet with Fiscal Watchdog
Cable claws back losses ahead of Truss, Kwarteng meeting with the Office for Budget Responsibility (UK fiscal watchdog). UK sentiment improves, gilts stabilize
British Pound Back to Breakdown Levels as PM Doubles Down. Will GBP/USD go Lower?
The British Pound made a new weekly high today as markets recalibrate after Bank of England bond buying allayed some anxiety. If UK fundamentals deteriorate, will it sink GBP/USD?
DAX 40 and FTSE 100 Index Technical Outlook: Weakness Ahead
Both the DAX 40 and FTSE 100 have fallen below key support this week. How much more downside is there and what are the key levels to watch?
EURUSD and S&P 500 Face Final Volatility from Top US and Eurozone Inflation Figures
We are heading into the final trading day of the week, month and quarter; and the markets are already experiencing significant volatility against a technically and fundamentally precarious backdrop. Will…
Gold Prices Anxiously Await the Fed’s Preferred Inflation Gauge, Will XAU/USD Fall?
Gold prices anxiously await the Fed’s preferred inflation gauge, which could bolster hawkish 2023 policy expectations. This would likely damage XAU/USD.
Crude Oil Price Recovery Takes Shape amid Failure to Test January Low
The price of oil may stage a larger recovery over the coming days as crude reverses ahead of the January low ($74.27).
AUD/USD Eyes Chinese PMI Data as Prices Approach Recently Surrendered Channel
The Australian Dollar is in focus ahead of Chinese PMI data following a downbeat session on Wall Street. A beat on the data may help revive sentiment. The Reserve Bank…
Gold Price Rebound Eyes Former Support Zone
The former-support zone around the July low ($1681) may act as resistance as the price of gold appears to be tracking the negative slope in the 50-Day SMA ($1726).
Stock Market News: S&P 500, Nasdaq 100 Hit by Hawkish Fedspeak &Apple Selloff
U.S. stocks sold off on Thursday, erasing the previous session's rally, dragged down by hawkish Fedspeak and bearish sentiment following negative news from Apple, the world’s largest tech company.