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Forex

S&P 500 at 9-Months Highs as Bulls Assert Dominance but Downside Risks Build

Posted by By 05/06/2023Posted inForex
S&P 500 rises at the start of the week, reaching its best levels since August 2022, but caution is warranted with prices approaching a major Fibonacci resistance area and the…
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Crude Oil Price Update: Saudi’s Insist on Production Cuts at Extended OPEC Meeting

Posted by By 05/06/2023Posted inForex
OPEC’s meeting on Sunday was met with resistance by the Saudi’s, lobbying for more production cuts to resuscitate oil prices. Saudi Arabia to remove 1 million bpd
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US Dollar Falls as Weak Services PMI Data Boosts Case for Fed Pause

Posted by By 05/06/2023Posted inForex
The U.S. dollar takes a turn to the downside and erases session gains as weak services PMI data strengthens the case for a Fed pause
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USD/ZAR: Price Forecast: Rand Funded by Loadshedding Reprieve

Posted by By 05/06/2023Posted inForex
USD/ZAR up almost 0.90% ahead of the US trading session now hovering around a key area of confluence as the rand looks to restore some credibility.
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EUR/USD, GBP/USD Struggle to Grind Higher as Dollar Holds Firm

Posted by By 05/06/2023Posted inForex
The EURO and GBP struggled at the back end of last week against the Greenback with both currencies eyeing a recovery. Is the Dollar finally ready to cede the high…
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Gold (XAU/USD) Looking to Test a Multi-Week Low as The US Dollar Picks Up a Bid

Posted by By 05/06/2023Posted inForex
Gold continues to probe a 10-week low despite growing expectations that the Fed will hit the pause button next week.
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​​Outlook on FTSE 100, DAX 40 and S&P 500 as the Fed is no longer expected to hike rates at its June meeting.

Posted by By 05/06/2023Posted inForex
​​Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context.
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USD/CAD Price Forecast: Loonie to Exploit Death Cross Formation?

Posted by By 05/06/2023Posted inForex
CAD is poised for further upside ahead of the upcoming Bank of Canada rate decision.
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Australian Dollar Ahead Of RBA: AUD/USD, AUD/NZD, EUR/AUD Price Setups

Posted by By 05/06/2023Posted inForex
The Australian dollar has recouped some losses against some of its peers as the Reserve Bank of Australia interest rate pause doubts grow following the hike in the minimum wage.…
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US Dollar Holds the High Ground While Crude Oil Whips Around. Higher USD?

Posted by By 05/06/2023Posted inForex
The US Dollar regained its ascendency after the US debt deal passed Congress and was supported by solid jobs data. OPEC+ announced output cuts and the Fed is now in…
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