Page 1073 – Forex

US dollar coming under pressure across the board

The USD dollar is coming under pressure across the board. The greenback is making new lows versus all the major currencies with the exception of …

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June 15, 2023

Market Outlook

High-for-longer rate outlook as takeaway from FOMC meeting: Gold, Copper, US dollar

June 15, 2023

The conclusion of the June meeting has seen the Fed keeping rates on hold in a widely-anticipated move, but a high-for-longer rate outlook seems to …

Analyst Picks

USD/CAD Bears Drool Over Trendline Break

June 14, 2023

CAD fundamentals and technical analysis currently align towards further USD/CAD downside ahead of the FOMC announcement.

Market Outlook

Euro Gains as the US Dollar Frets ahead of the Fed after Benign CPI. Higher EUR/USD?

June 14, 2023

The Euro retreated from its peak for the month today as markets digest the implication of US CPI ahead of the Federal Reserve meeting later. …

Trading Education

The CPI and Forex: How CPI Data Affects Currency Prices

June 13, 2023

Find out how to use the Consumer Price Index to make informed trading decisions.

Market Outlook - European Market

Gold Price Flirts with Support as US CPI Shapes Views Ahead of the Fed and ECB

June 13, 2023

The gold price is bumping along an ascending trend line ahead of US CPI today that could see market dynamics pivot should the number surprise. …

Sentiment

Oil – US Crude IG Client Sentiment: Our data shows traders are now at their most net-long Oil – US Crude since Mar 19 when Oil – US Crude traded near 66.57.

June 13, 2023

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US …

Trading Education

The Reserve Bank of Australia: A Trader’s Guide

June 13, 2023

A brief look at the history, formation, ownership and mandate of the Reserve Bank of Australia (RBA) and its impact on the Australian Dollar.

Cryptocurrency

Ethereum falls to the lowest since March as the regulatory onslaught continues

June 12, 2023

Those who have been around the forex market for awhile have seen this before: When the SEC wants someone out of business, they win. The …

Sentiment

USD/CAD IG Client Sentiment: Our data shows traders are now at their most net-long USD/CAD since May 09 when USD/CAD traded near 1.34.

June 12, 2023

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 …

Market Outlook

Markets Week Ahead: S&P 500, Gold, USD; Fed, ECB, BoJ, Germany ZEW, UK & Australia Jobs, US CPI, China Retail Sales

June 11, 2023

After a relatively light data week, the coming week brings a spate of important data releases along with key central bank meetings. Last week’s surprise …