Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
The ECB decided to keep rates on hold but opened the door to at least a 25 basis point hike in July and a potential 50 bps hike in September
ECB Preview: How Will the Euro (EUR) React?
ECB Approaches Rate Liftoff. Euro Focus is on openness to a 50bps rate rise
S&P 500, Nasdaq 100 Forecasts – Stuck in a Holding Pattern
US stock markets have been stuck in a range for the last 10 days waiting for Friday's US inflation print to give them a signal. A breakout ahead or more…
Germany 40 IG Client Sentiment: Our data shows traders are now net-long Germany 40 for the first time since May 26, 2022 when Germany 40 traded near 14,263.20.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bearish contrarian trading bias.
British Pound (GBP) Forecast: EUR/GBP at the Mercy of ECB
EUR/GBP awaits the ECB interest rate decision and press conference later today for directional bias, while key technical chart patterns unfold.
Crude Oil Price Punches Higher while Stocks, Bonds and Yen Suffer Ahead of ECB
Crude oil prices continue to hold the high ground and the Japanese Yen weakened further as the market awaits the ECB rates decision. Will WTI make a new high?
Gold Price Forecast: XAU May Fall on Rising Oil and US Dollar
Gold prices continue to languish as a strong US Dollar and rising oil prices weigh on the precious metal. The potential for further losses is on the table as prices…
Japanese Yen Sets Sail for New Lows and the Chinese Yuan May Ebb That Way as Well
The Japanese Yen has snapped out of the range against the US Dollar, and it could put pressure on USD/CNY. Will USD/JPY break above 135 and visit 150?
Australian Dollar Falls as Oil Advances Ahead of China Trade Data
The Australian Dollar fell against the US Dollar as climbing oil prices stoked inflation fears. China's trade balance for May is set to cross the wires.
Crude Oil Price Soars on Bullish Demand Outlook, Tight Markets Post Russian Embargo
Oil prices rose on Wednesday to their best levels in three months on prospects of strong demand and signs that the market will continue to tighten once China fully reopens…