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Forex

Gold Price Boosted as Treasury Yields Slip Ahead of Debt Ceiling Resolution

Posted by By 01/06/2023Posted inForex
The gold price outlook has recovered from a test of support as US interest rates pull back from their run higher with hopes that the debt deal will pass through…
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S&P 500, Nasdaq 100 Drop on Global Growth Woes and Still-Tight US Labor Market?

Posted by By 31/05/2023Posted inForex
The S&P 500 and Nasdaq 100 fell for a second consecutive day as global growth woes and signs of a still-tight US labor market influenced sentiment. Will the S&P break…
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EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since May 11 when EUR/GBP traded near 0.87.

Posted by By 31/05/2023Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
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EUR/USD in Downward Spiral after Support Break. What Do Technicals Say?

Posted by By 31/05/2023Posted inForex
EUR/USD plunges and reaches its lowest level since March 17 on Wednesday, with the sell-off gathering pace following the invalidation of a medium-term rising trendline late last week.
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Gold Prices Recover After Support Rejection ahead of US Jobs Data. What Now?

Posted by By 31/05/2023Posted inForex
Gold prices advanced on Wednesday, but gains were limited, with traders reluctant to take large directional positions ahead of the May U.S jobs report
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Bitcoin (BTC/USD) Limps as Ripple (XRP/USD) Eyes Further Gains

Posted by By 31/05/2023Posted inForex
Bitcoin struggles as a lackluster month for crypto markets comes to a close, Ripple has been a standout of late, on course for a monthly gain of 8%. Where to…
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Euro (EUR) Update – German Inflation Turns Lower, EUR/USD Back Below 1.0700

Posted by By 31/05/2023Posted inForex
German inflation falls by more than expected, a bonus for the doves in the ECB. The single currency moved lower on the release as rate-hike expectations slipped lower.
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GBP Price Action Setups: GBP/USD, GBP/AUD, EUR/GBP

Posted by By 31/05/2023Posted inForex
GBP loses ground against the Greenback but remains firm against the Euro and Aussie Dollar. Where to next for GBP pairs?
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​​ FTSE 100, DAX 40 and Hang Seng Drop on Worse-Than-Expected China PMI Data

Posted by By 31/05/2023Posted inForex
​​Outlook on FTSE 100, DAX 40 and Hang Seng as another negative China growth surprise weighs on sentiment.
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USD/CAD Price Forecast: Loonie Struggles as Crude Oil Tumbles

Posted by By 31/05/2023Posted inForex
CAD remains under pressure from the USD and lower crude oil prices as markets look ahead to Canadian GDP and Fed speak for guidance.
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