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Euro Forecast: EUR/USD Enclosed by Key Tech Levels Before US CPI, Breakout Eyed

Posted by By 07/08/2023Posted inForex
EUR/USD slides following disappointing economic data in Europe and rising U.S. Treasury yields, but volatility is limited, with many traders on the sidelines ahead of U.S. inflation data later in…
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US CPI to Drive Markets This Week as the Probability of Further Rate Hikes Linger

Posted by By 07/08/2023Posted inForex
The DXY struggles to hold on to early session gains following mixed messaging from Fed policymakers. US CPI is likely to drive the DXY and overall sentiment this week.
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USD/ZAR Price Forecast: Rand Suffers as Risk Sentiment Sours

Posted by By 07/08/2023Posted inForex
ZAR prices slumped this Monday after tensions between Ukraine & Russia grew, stoking risk aversion towards risker currencies including the ZAR.
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Yen Price Outlook: USD/JPY up After BoJ Minutes, GBP/JPY Consolidates

Posted by By 07/08/2023Posted inForex
The Japanese yen retreated after the officials clarified the reasoning behind the tweak – to prolong dovish policy not usher in normalization. US CPI and UK GDP next
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Canadian Dollar Outlook: USD/CAD, GBP/CAD Rise, Is the Oil Correlation Dead?

Posted by By 07/08/2023Posted inForex
The Bank of Canada looks on course to hold rates steady once more. This coupled with a rebound in the Dollar has weighed on the Canadian Dollar, while the long-held…
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Gold (XAU/USD) and Silver (XAG/USD) Latest Forecasts as US Bond Yields Rise

Posted by By 07/08/2023Posted inForex
US Treasury yields are picking up after Friday’s post-NFP sell-off and that is putting renewed downward pressure on the price of gold and silver.
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WTI and Brent Eye a Retracement with Saudi Aramco Reporting Q2 Profits Drop

Posted by By 07/08/2023Posted inForex
Oil prices retreat on slightly cautious start to the new week. Following a +- 16% gain in July can oil prices maintain their trajectory?
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​​​​FTSE 100, Dax and Dow Losses Stemmed for Now​​​​

Posted by By 07/08/2023Posted inForex
Indices have tried to slow their declines, with signs of a recovery across the Dax and Dow.
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EUR/USD Price Forecast: Euro on Offer as German Industrial Production Contracts

Posted by By 07/08/2023Posted inForex
The euro begins the week on the backfoot after the US dollar recovers and German industrial production misses forecasts.
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US Dollar Struggles to Hold Gains Ahead of CPI: EUR/USD, GBP/USD, USD/JPY Price Setups

Posted by By 07/08/2023Posted inForex
Mixed US jobs data released on Friday points to a limited upside in the US dollar ahead of the key US inflation data due on Wednesday. What is the outlook…
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