Gold Price Update – Grinding Into Multi-Week Support
Gold is moving lower in early turnover and looks set to test multi-week support in the near future.
Euro Scopes ECB Forum as Risk Appetite Takes a Hit. Where to for EUR/USD?
The Euro continued to slide today ahead of the ECB forum that will see a star-studded line up from the ECB, Fed and BoE. Will they deliver anything for EUR/USD?
Gold Prices Fall with US Consumer Confidence as Crude Oil Gains on OPEC+ Output Woes
Gold prices fell as crude oil climbed over the past 24 hours. Softer US consumer confidence and OPEC+ output woes were key factors. What is next for XAU/USD and WTI?
Japanese Yen Fades as Momentum Builds for USD/JPY and EUR/JPY. New Highs for Both?
The Japanese Yen is testing resistance levels against the US Dollar and Euro. Will the uptrend continue to break new ground in USD/JPY and EUR/JPY?
AUD/USD Outlook Mired by Waning Bets for RBA Rate Hike in July
AUD/USD may face headwinds ahead of the Reserve Bank of Australia interest rate decision on July 5 as the central bank tames speculation for another 50bp rate hike.
Bitcoin Prices Tied to Sentiment as APAC Eyes Retail Sales Data
Bitcoin fell overnight alongside US stocks as traders hit the sell button. Market sentiment may rebound in APAC trading, particularly if retail sales data out of Japan and Australia impresses.
USD/CAD Forecast: Decline from June High Mirrors Price Action from May
USD/CAD appears to be mirroring the price action from last month as the exchange rate quickly pulls back from a fresh yearly high (1.3079).
Nasdaq 100 in Free Fall, S&P 500 Back in Bear Market as Stocks Sink. Now What?
The Nasdaq 100 and S&P 500 plunge Tuesday amid falling consumer confidence and signs that the U.S. economy could be headed for a recession, a scenario that creates significant risks…
Gold Price Forecast: Gold Grinds into Quarter-End as the Big Move Awaits
Gold prices have been mean-reverting for more than a month. Can a loaded economic calendar help to jar something loose?
S&P 500, Nasdaq 100 Under Pressure as Key ECB Forum Looms
Equities erase premarket gains as risk struggles ahead of key central bank speeches this week.