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Forex

Nasdaq Bulls Maintain Upward Trajectory Ahead of US Data, Fed Speakers

Posted by By 04/03/2024Posted inForex
The tech-heavy index started the week around Friday’s close but trading appears muted in a week of ‘high importance’ US data including Powell’s testimony and NFP
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USD/JPY Starts Week Strong; Tokyo Inflation, ISM Services, Powell & NFP in Focus

Posted by By 04/03/2024Posted inForex
USD/JPY climbs on Monday, driven by rising U.S. yields. This action-packed week features Tokyo inflation, U.S. ISM services data, Powell's testimony before Congress, and the critical U.S. jobs report –…
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Oil Price Outlook: OPEC+ Extends Supply Cuts into Q2, WTI & Brent Ease

Posted by By 04/03/2024Posted inForex
OPEC+ kept supply cuts in place, with Russia surprising markets by constraining its output for Q2. Red Sea strikes add to upside potential but growth concerns linger
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British Pound Gains Again Despite UK Spring Budget Jitters

Posted by By 04/03/2024Posted inForex
The Chancellor will need to refrain from any unfunded offers to voters this week. Sterling might suffer if he doesn’t.
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FTSE 100 Stalls as Nikkei 225, S&P 500 Hit yet More Record Highs

Posted by By 04/03/2024Posted inForex
​​​Outlook on FTSE 100, Nikkei 225 and S&P 500 ahead of Powell testimony and US labour data.
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Gold IG Client Sentiment: Our data shows traders are now at their least net-long Gold since Dec 02 when Gold traded near 2,071.86.

Posted by By 04/03/2024Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bullish contrarian trading bias.
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Gold (XAU/USD) Price Probes Fresh Multi-Month Highs, More to Follow as NFPs Loom?

Posted by By 04/03/2024Posted inForex
Last Friday’s sharp rally sent gold back to levels not seen since early-December. With little in the way of technical resistance ahead of last year’s spike high, will gold continue…
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Markets Week Ahead: Gold Breaks Out as EUR/USD Eyes ECB; Powell, BoC & NFP Loom

Posted by By 03/03/2024Posted inForex
The upcoming week brings a flurry of central bank activity and high-impact economic data, setting the stage for potential volatility in financial markets.
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Gold Price Forecast: Bullish Breakout Continuation Hinges on US Jobs Data

Posted by By 02/03/2024Posted inForex
Gold surges past crucial resistance levels, hitting its highest mark since December of the previous year. The sustainability of this week's bullish breakout, however, depends on the upcoming U.S. jobs…
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USD/JPY Recovers on Ueda’s Dovish Remarks, Critical Tech Levels Ahead

Posted by By 01/03/2024Posted inForex
The yen lost ground on Friday after BoJ Governor Ueda indicated that inflation is retreating rapidly and that further confirmation of the sustainability of the price goal is needed to…
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