The US dollar continues to trade sideways despite rising US Treasury yields and expectations of higher US rates in Q3. Next week’s economic calendar will steer the dollar’s short-term trajectory.
The euro zone has technically entered a recession as downward revisions to both the Q4 2022 and Q1 2023 figures confirmed two consecutive quarters of negative growth
Spot Gold faces continuous hurdles in an attempt to push higher. Could recessionary fears rekindle the safe havens appeal or is a freefall toward $1850/oz incoming?
The Canadian dollar may have just received the boost to extend gains against some of its peers, thanks to the Bank of Canada’s (BOC) hawkish hike on Wednesday. What is…
The Australian Dollar consolidated today after a bumpy ride through the Bank of Canada rate hike along with other currency pairs as the market contemplates a surprise lift by the…
Gold is at a critical juncture - stretched retail traders’ long positioning poses downside risks to XAU/USD. However, if the past is any guide, the yellow metal may not be…
A quiet US economic calendar overnight shifted much of the market focus to Bank of Canada (BoC), who became the second central bank to deliver a hawkish surprise this week.