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Crude Oil Looks to OPEC+ Meeting for Cues; Is Natural Gas Resuming its Downtrend?

Posted by By 29/05/2023Posted inForex
Market sentiment received a boost after a weekend deal in Washington to raise the government’s debt ceiling. Will the gains sustain for crude oil and natural gas?
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US Dollar Poised After Debt Deal Break Through. Will the DXY Index Retreat?

Posted by By 29/05/2023Posted inForex
The US Dollar ascendency could face some scrutiny this week after the US debt ceiling issues appear set to be resolved in the coming days. Will USD slide on a…
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Japanese Yen After US Debt Deal: USD/JPY, EUR/JPY, GBP/JPY

Posted by By 29/05/2023Posted inForex
The JPY is maintaining a weak bias against the USD following the sentiment boost after the US debt deal, just as expectations of another US Fed rate hike grow. Against…
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Gold Price Dented by US Dollar Rally with Higher Yields as Debt Ceiling Woes Recede

Posted by By 29/05/2023Posted inForex
The gold price outlook appears to be tangled with the fortunes of the US Dollar as it continues to attract attention on rising Treasury yields and a possible debt ceiling…
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The Mystery of Bearish Engulfings: Do they Reliably Predict Forex Price Reversals?

Posted by By 28/05/2023Posted inForex
An analysis of 37,000 candles was conducted across major currency pairs (EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD), identifying 200 valid Bearish Engulfings. What is the verdict?
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Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Debt Ceiling, NFPs, AI Frenzy

Posted by By 28/05/2023Posted inForex
An AI-fueled frenzy drove the Nasdaq Composite higher as the Dow Jones sank. In the background, solid economic data is feeling Fed rate hikes again, sinking gold and boosting the…
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Euro Weekly Forecast: EUR/USD Recovery Hinges on Debt Ceiling Deal

Posted by By 27/05/2023Posted inForex
A big week ahead in terms of event risk as Euro eyes a recovery. Euro Area inflation likely to be overshadowed by a potential deal on the debt ceiling. Time…
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British Pound Week Ahead: UK Rates and US Data Will Drive GBP/USD

Posted by By 26/05/2023Posted inForex
The UK government bond market (gilts) is having a torrid time post-inflation data with yields jumping as markets price-in a fresh round of BoE rate hikes.
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EUR/USD Inches Up Despite Stronger US PCE Inflation Numbers

Posted by By 26/05/2023Posted inForex
The Euro made some gains in European trading on Friday, but remains set for another week of losses against the US Dollar.
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US Dollar Perks Up While Gold Turns Lower Following Strong Core PCE Data

Posted by By 26/05/2023Posted inForex
Gold prices turned lower and retraced session gains after U.S. PCE data showed that consumer spending and inflation grew more than expected in April, a sign that the Fed may…
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