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Gold Price Forecast: US Jobs Data to Energize Rally or Squash It, Possible Scenarios

Posted by By 07/03/2024Posted inForex
This article examines gold’s outlook, exploring possible scenarios that could develop in the near term once Friday's U.S. employment data is released.
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Euro (EUR/USD) Drifts Marginally Lower After the ECB Leaves All Policy Rates Unchanged

Posted by By 07/03/2024Posted inForex
The European Central Bank (ECB) left policy dials untouched today and revised down both their inflation and growth targets.
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Japanese Yen Surges Against USD As Markets Again Mull BoJ Policy Exit

Posted by By 07/03/2024Posted inForex
Could March be the month when the Bank of Japan finally tightens policy, or at least looks serious about doing so? Bets are increasing.
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Dax and Dow Drift Down, while Hang Seng Remains under Pressure

Posted by By 07/03/2024Posted inForex
​​The Dax is under pressure as it awaits the ECB’s latest decision, and the Dow is also moving lower. Meanwhile, the Hang Seng continues to fall back from its recent…
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US Dollar Drifts Lower, Gold Rally Continues, US NFPs on the Horizon

Posted by By 07/03/2024Posted inForex
Federal Reserve Chair Jerome Powell gave little away yesterday at his semi-annual testimony to the House yesterday, leaving the US dollar in limbo ahead of Friday’s US Jobs Report.
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Euro’s Outlook Hinges on ECB Guidance; Trade Setups on EUR/USD, EUR/GBP, EUR/JPY

Posted by By 07/03/2024Posted inForex
This article discusses the upcoming ECB decision and its potential ramifications for the euro's outlook. In the piece, we also explore the technical profile for EUR/USD, EUR/GBP, and EUR/JPY, assessing…
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US Dollar Falls, Fed’s Resolve in Question; USD/JPY, USD/CAD Setups Before NFP

Posted by By 06/03/2024Posted inForex
The U.S. dollar weakens amidst falling U.S. Treasury yields, as markets raise doubts about the Fed's commitment to wait longer before cutting rates. Focus now shifts to the upcoming U.S.…
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USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since Feb 27, 2024 15:00 GMT when USD/CAD traded near 1.35.

Posted by By 06/03/2024Posted 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/CAD-bearish contrarian trading bias.
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GBP Update: Hunt Decides on National Insurance Reduction Over Tax Cuts

Posted by By 06/03/2024Posted inForex
Forecasts from the Office for Budget Responsibility (OBR) restricted Jeremy Hunt’s options his ongoing mission to boost UK growth and reduce government debt
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Euro Gains Again As Markets Look to Big ECB, Powell Double Bill

Posted by By 06/03/2024Posted inForex
There’s plenty of action still to come this week for both sides of the modestly bullish EUR/USD pair
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