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Gold Price Fails to Cash-in on US Dollar Slide Post CPI as Fed Speakers Hit the Wires

Posted by By 11/08/2022Posted inForex
The gold price was left behind in a US Dollar rout that saw increasing risk appetite take equities, commercial commodities and associated currencies higher. Where to for XAU/USD?
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Natural Gas Prices May Rise as European River Woes Threaten Energy Supply

Posted by By 11/08/2022Posted inForex
Natural gas prices look poised to rise further if water levels in Europe's Rhine river continue to drop. That would likely threaten Europe's rush to store natural gas ahead of…
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Japanese Yen Soars on Soft US CPI and US Dollar Pummelling. Where to for USD/JPY?

Posted by By 11/08/2022Posted inForex
The Japanese Yen has strengthened against the US Dollar and all major currencies as markets digest the fallout from US CPI overnight. Will USD/JPY continue lower?
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Crude Oil Price Reversal Takes Shape Ahead of February Low

Posted by By 11/08/2022Posted inForex
The price of oil may continue to retrace the decline from earlier the start of the month as it reverses course ahead of the February low ($86.55).
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NZD/USD Surges Ahead of Chinese Lending Data as USD Falls Amid Risk Taking

Posted by By 10/08/2022Posted inForex
The New Zealand Dollar surged overnight after a US CPI miss sent traders rushing into risk assets, dragging the USD lower against its major peers. APAC traders are awaiting China's…
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AUD/USD Eyes 200-Day SMA After Clearing Opening Range for August

Posted by By 10/08/2022Posted inForex
AUD/USD is on track to test the 200-Day SMA (0.7152) for the first time since June as it clears the opening range for August.
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S&P 500, Nasdaq 100 Outlook: Bullish Sentiment Sweeps Markets on Cooling Inflation

Posted by By 10/08/2022Posted inForex
U.S. stocks soared on Wednesday on positive market sentiment after U.S. inflation data surprised to the downside, easing pressure on Fed to continue raising rates aggressively.
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BTC/USD Outlook: US CPI Overshadows Coinbase – Bitcoin, Ethereum Rise

Posted by By 10/08/2022Posted inForex
Bitcoin, Ethereum, Solana and alt coins rose sharply despite shocking results for Coinbase. Can the uptrend hold along with US stocks?
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US Dollar Forecast: DXY Index, USD/JPY Show Signs of Topping

Posted by By 10/08/2022Posted inForex
The US Dollar (via the DXY Index) is falling in the wake of the July US inflation report.
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EUR/USD Short-term Technical Outlook: Euro Rally Rips Into Resistance

Posted by By 10/08/2022Posted inForex
Euro surged more than 3.4% off the yearly lows with the post-CPI rally now targeting critical downtrend resistance. Levels that matter on the EUR/USD technical charts.
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