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US Crude Oil Prices Return More Gains As Market Looks To Inventories, OPEC

Posted by By 30/05/2024Posted inForex
Uncertainty about the path of interest rates continues to dominate a market not short of likely positives elsewhere
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US Dollar Index Edges Lower, US Q1 GDP Second Estimates Prints at 1.3%

Posted by By 30/05/2024Posted inForex
The second look at US Q1 GDP showed the US economy expanding by 1.3%, inline with market expectations.
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​​​​​Dow and Nikkei 225 Hit by Selling, Nasdaq 100 Losses Contained for Now

Posted by By 30/05/2024Posted inForex
While the Nasdaq 100’s losses have been relatively limited, both the Dow and the Nikkei 225 have suffered heavy losses.
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Gold (XAU/USD) Eyes Support, US GDP and Core PCE on the Horizon

Posted by By 30/05/2024Posted inForex
The recent push higher in global bond yields is weighing on the precious metal as two key US economic data releases near.
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Japanese Yen Sentiment Analysis & Technical Outlook – USD/JPY, EUR/JPY, GBP/JPY

Posted by By 29/05/2024Posted inForex
This article examines retail crowd sentiment on the Japanese yen via an analysis of USD/JPY, EUR/JPY, and GBP/JPY. In the piece, we also consider possible near-term directional outcomes based on…
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EUR/USD Latest – ECB Set to Cut Rates Next Week Despite Rising German Inflation

Posted by By 29/05/2024Posted inForex
German inflation grew on an annualised basis, data released today showed, but the market still believes that the ECB will start cutting interest rates next week
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British Pound Edges Up Vs USD, Market Looks To US PCE Numbers As Next Big Clue

Posted by By 29/05/2024Posted inForex
GBP/USD managed to hold up on Wednesday in Europe despite a sparse data sheet. Still, it’s looking less comfy at the highs
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FTSE 100, DAX 40 and S&P 500 look to be short-term under pressure

Posted by By 29/05/2024Posted inForex
​​Outlook on FTSE 100, DAX 40 and S&P 500 amid ‘US rates higher for longer’ spiel.
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Market Latest – Nvidia (NVDA) Surge Helps the Nasdaq 100 Post a Fresh Record High

Posted by By 29/05/2024Posted inForex
AI mega-stock Nvidia leapt by 7% in US trade, helping push the Nasdaq 100 to a fresh record closing high. The US dollar remains subdued ahead of Friday’s US inflation…
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Technical Analysis: EUR/USD and GBP/USD Rejected at Resistance. What Now?

Posted by By 28/05/2024Posted inForex
This article provides a detailed analysis of the technical outlook for EUR/USD and GBP/USD, focusing on price action and market sentiment to project their near-term trajectories.
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