Crude Oil Forecast: Brent in Limbo as OPEC Meeting Draws Near
Brent crude oil is trading in the red once again this Thursday as a stronger dollar weighs on crude prices.
Gold Price Holds High Ground Post BoE Upending Markets. Where to for XAU/USD?
Gold has abated in Asia after a stellar day prior on the back of a deteriorating US Dollar and a drop in yields as the markets recoiled at Bank of…
Dow Jones Industrial Average Technical Outlook: A Bounce on the Cards?
Technical charts, positioning and sentiment indicate that the Dow Jones Industrial Average’s slide is losing steam. What is the short-term outlook and the key levels to watch ahead?
S&P 500 Ends Longest Slide Since February 2020 But Reversal Founded on BOE Stimulus Unreliable
The S&P 500 managed to end a six-day slide – its worst since the height of the 2020 pandemic – before the index marked another high profile technical break. Seemingly,…
British Pound Bounces as BoE Buying Gilts Stems Havoc for Now. Where to for GBP/USD?
The British Pound is remains under siege despite the Bank of England rolling up their sleeves and buying long-dated bonds to mitigate monetary and fiscal policy disparity.
USD/CAD Reveres from Fresh Yearly High Ahead of US PCE Report
An uptick in the US Personal Consumption Expenditure (PCE) Price Index may keep USD/CAD afloat as the Federal Reserve pursues a restrictive policy.
Crude Oil Rallies with Gold Prices as Markets Entertain a Less Hawkish Fed After BoE QE
Crude oil prices rallied with gold and the S&P 500 after the Bank of England temporarily restarted quantitative easing. Markets eye a less-hawkish Fed. Are traders setting up for disappointment?
US Dollar Pullback Green Lights APAC Currency Rally Ahead of NZD Economic Data
The New Zealand Dollar took advantage of a broader pullback in the US Dollar, outperforming its major peers, including the Australian Dollar. New Zealand economic data is on tap for…
AUD/USD Rebound Pulls RSI Out of Oversold Territory
Developments in the Relative Strength Index (RSI) raises the scope for a near-term rebound in AUD/USD as the oscillator climbs out of oversold territory.
S&P 500, Nasdaq 100 and Dow Surge in a Comeback Rally Amid BoE’s Rescue Plan
Major U.S. equity indices rallied as US Treasury yields and USD tumbled after the Bank of England announced an emergency plan to stabilize the bond market.