EUR/USD Price Forecast: EUR/USD Grinds in Tight Range as Breakout Beckons
EUR/USD struggles for direction as the tug of war between the Euro and the US Dollar continues. Price action suggests a breakout could be imminent.
US Crude Up After China Rate Cut, But Has The PBOC Done Enough?
Oil prices have seen some gains after the Chinese central bank trimmed lending rates, but energy demand worries will remain
US Markets Return to Action, Dow Futures Rise, Nasdaq 100 Trades Sideways, CAC 40 Gains
The return of US markets has seen some buying activity this morning, lifting the CAC40 and Dow off their overnight low while the Nasdaq 100 continues to consolidate.
AUD/USD Price Forecast: Aussie Sinks on Lackluster RBA and Chinese Rates
AUD/USD is trading 0.6% lower as the European session begins after RBA minutes and China’s LPR cuts did little to support he Aussie dollar.
Gold Price Treads Water as US Dollar Steadies and GBP Rolls Over Ahead of BoE
The gold price slipped today as Treasury yields rose to augment the US Dollar and ahead of Fed Chair Powel’s testimony tomorrow while the BoE has its work cut out…
More Signs of Natural Gas in Bottoming Process; Sentiment Points to Upside in Crude Oil
Crude oil and natural gas trends appear to be converging. Sentiment in crude oil is quite bullish, raising the prospect of some gains in price. In contrast, natural gas appears…
Asia Day Ahead: Mixed Open in Asia; RBA minutes, China’s LPR in Focus
The US markets will be back online today to set a clearer backdrop for the risk environment.
EUR/USD Outlook: ECB Hawks Welcome Further Hikes but for How Long?
Central bankers have had their say on the likelihood of further hikes but ECB Chief Economist refuses to look past a July hike, stating a preference for data dependency
USD/ZAR: Price Forecast: Rand Rally Possibly Fading
USD/ZAR faces a quiet trading day today as US markets are closed. Rand traders now keep close eyes on the upcoming SA CPI print on Wednesday.
GBPUSD Lower But Well Supported As Markets Expect BoE Hike
The Pound has struggled to make further gains after soaring last week, but is showing no sign of reversal.