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Gold (XAU/USD) Rises on Lower Yields, Softer USD and Recession Risks

Posted by By 20/05/2022Posted inForex
Gold’s rises on lower yields and softer US dollar as recession risks gain momentum. Key technical levels as the week comes to a close
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Swiss Franc Boost Continues After Hawkish Turn from SNB While US Dollar Sinks

Posted by By 20/05/2022Posted inForex
The Swiss Franc strengthened further today as a hawkish Swiss National Bank and a broadly softer USD saw USD/CHF slide. How low can USD/CHF go?
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Gold Price Outlook: XAU/USD Soars as Dollar Falls, Key Technical Obstacles Remain

Posted by By 20/05/2022Posted inForex
Gold prices roared higher before the weekend, gaining the most since early March as the US Dollar and Treasury yields fell. Still, the road to the upside remains tough for…
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USD/CHF IG Client Sentiment: Our data shows traders are now net-long USD/CHF for the first time since Apr 28, 2022 when USD/CHF traded near 0.97.

Posted by By 20/05/2022Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bearish contrarian trading bias.
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US Dollar Stumbles on Rising Recession Fears, AUD/USD Eyeing Chinese Loan Rate Data

Posted by By 19/05/2022Posted inForex
The US Dollar weakened as rising fears of a recession have seen the markets pull back 2023 Federal Reserve rate hike expectations. Ahead, AUD/USD eyes Chinese loan prime rate data.
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Nasdaq 100 Strained by Sour Sentiment, Traders Eye Possible 2022 Low Breakout

Posted by By 19/05/2022Posted inForex
U.S. stocks extend losses after Wednesday's monster sell-off amid negative sentiment and fears that the U.S. economy is headed for trouble due to red-hot inflation and rising rates.
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S&P 500 Technical Outlook: Repricing Underway- ES Breakdown Levels

Posted by By 19/05/2022Posted inForex
S&P 500 marked an outside-day reversal yesterday with the index plunging back into the yearly lows- levels to know. The technicals that matter on the SPX500 charts.
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Nasdaq 100 Clings onto Gains after Carving Out Potential Double Bottom Pattern

Posted by By 19/05/2022Posted inForex
The Nasdaq 100 sits in positive territory on the session despite heightened volatility.
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Euro Soars on Broad-Based U.S. Dollar Weakness. Will EUR/USD Extend its Recovery?

Posted by By 19/05/2022Posted inForex
Euro rises on Thursday, supported by a broad-based retreat in the dollar amid falling U.S. government yields. Hawkish comments from an ECB official also bolster the common currency.
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Breaking News: SARB Hikes by 50 Basis Points, USD/ZAR Shoots Lower

Posted by By 19/05/2022Posted inForex
The South African Reserve Bank hiked rates by 50 basis points in an attempt to calm inflation and defend the value of the ZAR. Growth revised lower, to 1.7% for…
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