EU Bans Russian Oil: Brent Crude Trading Higher after the News
EU Commissioner Ursula von der Leyen presented the 6th round of sanctions against Russia including the highly anticipated ban on Russian oil.
British Pound (GBP) Forecast: Cable Braces Leading up to FOMC
GBP/USD has been under downside pressure as the Fed maintains its aggressive outlook. Attention on the Fed press conference will be key going into the BoE meet tomorrow.
US Dollar to Surge? Fed Rate Hike, Earnings, Ukraine War in Focus
US Dollar demand may surge following the Fed rate decision and policy outlook. Volatility may then be amplified by another week of earnings calls and the release of US economic…
British Pound Bumps Lows as US Dollar Poised Ahead of the Fed and BoE
The British Pound is trading just above 2-year lows as the US Dollar holds ground ahead of the Fed meeting today. Will GBP/USD rally from here?
Australian Dollar Forecast: AUD/USD, AUD/JPY at Risk Amid More Bullish Retail Traders
The Australian Dollar sits in a precarious position as retail traders boost their bullish bets on the currency. Is this a warning sign that AUD/USD and AUD/JPY could have more…
Crude Oil Price Outlook Hinges on OPEC Ministerial Meeting
The OPEC Ministerial Meeting on May 5 may keep the price of crude oil afloat if the group retains a gradual approach in boosting supply.
Euro Technical Outlook – EUR/USD, EUR/JPY and EUR/CHF Are All Going Their Own Way
The Euro has been losing ground to the US Dollar while gaining against the Japanese Yen and range trading against the Swiss Franc. Where to for Euro?
New Zealand Dollar Awaits Fed Balance Sheet Plan as NZD/USD Disregards Jobs Report
The NZD/USD hardly took notice of New Zealand’s first-quarter jobs report. A more immediate issue for the New Zealand Dollar is how the Federal Reserve will approach unwinding its balance…
Three Trading Types and How They Influence the Market
We look at the three trading types and how they influence the market.
AUD/USD Rebound Pulls RSI Out of Oversold Zone Ahead of Fed Rate Decision
The Relative Strength Index (RSI) point to a larger rebound in AUD/USD as the oscillator climbs above 30 to offer a textbook buy signal.