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The biggest mover to start the week is the USDCHF. What technical levels are in play?

August 6, 2023

The USDCHF in early trading this week is the biggest mover with a 0.18% gain on the day. Technically, the price low was able to …

Technical Analysis

USDJPY trades near MA/retracement support to start the trading week

August 6, 2023

The USDJPY is off to a quiet start and little changed in early Asian-Pacific trading. The current price for the USDJPY trades around 141.82. That …

Central Banks

Fed’s Bowman over the weekend: Additional rate hikes will be needed

August 6, 2023

Fed Governor Michelle Bowman spoke over the weekend and said: We should remain willing to raise rates at a future meeting if data show inflation …

Market Outlook

Markets Week Ahead: British Pound, Euro, Gold, US Dollar, CPI and GDP Data

August 6, 2023

The Euro and British Pound cautiously weakened last week amid a stronger US Dollar. This also meant gold underperformed. Ahead, all eyes turn to US …

Forecasts

Gold and Silver Price Forecast: XAU/USD & XAG/USD at Mercy of US Inflation Data

August 6, 2023

U.S. inflation data’s momentum is expected to play a significant role in shaping the outlook for gold and silver prices in the short term by …

Forecasts

Oil Forecast: WTI Recovery Meets Resistance after Saudi, Russia Confirm Cuts

August 6, 2023

OPEC’s ministerial panel closely monitors the oil market as Saudi and Russian oil cuts are scheduled for September. WTI on track to rise for a …

Forecasts

Japanese Yen Forecast: USD/JPY, GBP/JPY Struggle for Fresh Highs as FX Intervention Fear Lingers

August 5, 2023

Yen enjoyed a mixed week against its G7 counterparts but faced renewed pressure as the initial bounce following a tweak of the YCC policy wore …

Forecasts

Euro Forecast: EUR/USD Holds at Support, EUR/JPY Remains Stuck in Range Trade

August 5, 2023

The Euro was able to fend off a push from the US Dollar last week in the aftermath of Friday’s non-farm payrolls report. How does …

Forecasts

Australian Dollar Forecast: AUD/USD and AUD/NZD Whipped but Range Bound

August 4, 2023

The Australian Dollar collapsed last week but is yet to break the big picture range as global markets question the rosy outlook that prevailed through …

Technical Analysis

End of week technical look at the EURUSD as we head toward a new trading week

August 4, 2023

The EURUSD wandered lower this week and in the process dipped below the 50% midpoint of the range since the 2021 high on the daily …

Technical Analysis

GBPUSD ending European session near highs. Short term bias shows buyers “in play”.

August 4, 2023

The GBPUSD is higher on the day and in the short term, the buyers are “in play”. Trading above the 100 hour MA tilts the …