Gold Price Outlook – More of the Same Ahead of FOMC, Jackson Hole
Gold remains stuck in a wide trading range and needs a driver - will the latest FOMC minutes reveal anything of note?
British Pound (GBP) Price Outlook: GBP/USD Rally Possible Despite Weak UK Inflation
GBP/USD edged higher Wednesday despite lower than expected UK CPI numbers, suggesting that a bounce is now possible after the pair’s slide that began late last month.
US Dollar Eyes FOMC Minutes for Next Move. Where To for EUR/USD?
The US Dollar looks to minutes from July’s FOMC meeting for its next move. Covid held back the RBNZ from raising rates, providing some NZD volatility. Will EUR/USD support levels…
AUD/USD IG Client Sentiment: Our data shows traders are now at their most net-long AUD/USD since Jun 18 when AUD/USD traded near 0.75.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Jul 21, 2021 when GBP/JPY traded near 151.23.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.
Copper, Natural Gas Outlook: China Data Drags Copper. Hot Temps May Lift Natural Gas
Copper prices have come under pressure as weak economic data in China and the United States drags on the industrial metal. Meanwhile, natural gas prices may rise on higher mercury…
Gold and Silver Hold Breath for FOMC Minutes, Geopolitical Tensions in Focus
Gold prices hovered at around $1,788 during Wednesday’s APAC trade as traders awaited the release of FOMC meeting minutes. Geopolitical unrest in Afghanistan may buoy the demand for precious metals.
New Zealand Dollar Drops as RBNZ Holds Back Rate Hike on Covid Flare-Up
The New Zealand Dollar sank after the RBNZ left the Official Cash Rate at 0.25%. A hike to 0.50% was expected. Will NZD/USD push lower through 0.6880?
Nasdaq 100 Pulls Back as Retail Sales Miss, Asia-Pacific to Extend Lower
Wall Street stocks retreated broadly as US retail sales figures fell short of market expectations, spurring growth concerns. Traders are eyeing today’s FOMC meeting minutes for clues about the Fed’...
USD/AFN Hits Record High as US Freezes Afghan Assets After Taliban Seizes Kabul
USD/AFN hit a fresh record high after the Taliban seized control of Kabul, prompting the US Government to freeze Afghan government accounts linked to the Federal Reserve and US banks.