Forex

Asian indices have fallen sharply after China’s manufacturing activity contracted faster than expected in May – another sign that China’s post-Covid recovery is losing momentum. What is the outlook for…

The Japanese Yen held its ground today after the US Dollar reasserted itself with expectations for the debt ceiling to be approved today. Where to for USD/JPY?

Gold rose on Tuesday, tracking the decline in US Treasury yields after a deal in Washington to raise the government’s debt ceiling. But is the short-term downtrend in the yellow…

The Australian Dollar slipped after China’s primary manager’s index (PMI) data missed estimates, adding to concerns about the global growth outlook. If the slowdown continues, will it sink AUD?

The Dow Jones and S&P 500 retreated from intraday highs as markets digested that a potential US debt deal to avoid default could open the door to USD 1 trillion…

Crude oil prices plunged on Tuesday, hitting their lowest level since early May, dragged down by concerns over the demand outlook and OPEC+ infighting as Russia reneges on its pledge…

EUR/USD appeared to mount a defence against the relentless selling of the pair on Tuesday. Mixed Chinese data also weighs on the Euro as USD hike odds point to a…

S&P 500 continues to be driven by the AI frenzy, with traders ignoring macroeconomic data and political developments in Washington

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.

Falling WTI prices, US Dollar strength and Canadian wildfires keep CAD on the back foot. Where to next for USD/CAD?