Breaking News: German ZEW Economic Sentiment Drops to Levels Last Seen in 2008
EU and German economic sentiment continue deeper into negative territory as increased energy costs are expected to eat into corporate profits.
AUD/USD Forecast: RBA Minutes Outweighed by Global Risk Sentiment, Aussie Under Pressure
AUD/USD continued to be weighed down by external global factors and recessionary fears after markets dismissed the RBA’s Meeting Minutes.
Crude Oil Price Forecast: Iran News, US/China Economic Woes Deliver One-Two Punch
Crude oil prices fell on weak US/Chinese economic data that brought recession fears back into the spotlight. A deal between the US and Iran took a step forward, denting oil…
Gold Price Weakness to Persist on Failure to Defend August Opening Range
The price of gold may continue to track the negative slope in the 50-Day SMA ($1780) if it fails to defend the monthly low ($1754).
Australian Dollar Falls Alongside Copper and Iron Ore Ahead of RBA Minutes
The Australian Dollar fell against the US Dollar overnight after weak US and Chinese economic data weighed on copper and iron ore prices. The RBA Minutes are in focus ahead…
USD/CAD to Stage Larger Advance on Break Above August Opening Range
USD/CAD may stage a larger advance over the coming days if the exchange rate clears the opening range for August.
S&P 500, Dow Jones and Nasdaq 100 Shrug Off Poor US and Chinese Data
US Indices extended gains even after some negative Chinese data, helped along by a continued pullback in Treasury yields.
Gold Price Forecast: Bullish Breakout Faces First Test – Levels for XAU/USD
Gold prices are treating former resistance as support.
US Dollar Short-term Technical Outlook: USD Breakout Pending
US Dollar surged more than 1.6% off the August lows with the monthly range-highs now in view. The levels that matter on the DXY technical charts.
Dow Jones Pushes Higher Despite Weak Chinese Data; Earnings in Focus
Stocks start the week on the front foot despite worrying economic data from China.