Latest Forex, Commodities and Indices News
USD/JPY Weekly Forecast – US Dollar Continues to Climb Against the Japanese Yen
The US dollar has rallied during the course of the week to threaten the JPY150 level but did not quite clear it. Read More
Cryptocurrencies Price Prediction: Bitcoin, Polkadot & Crypto – European Wrap 29 September
Share: Bitcoin (BTC) price remains unfazed even after the multiple spot BTC ETF delays from the US Securities & Exchange Commission (SEC). But investors [more]
What Will A U.S Government Shutdown Mean For Commodity Prices?
There is no denying that the current macroeconomic backdrop is fuelling a "perfect storm" for Commodities. Read More
Gold Weekly Price Forecast – Gold Markets Plunge for the Week
Gold markets have broken down rather significantly during the course of the trading week, as we are now sub-$1900. Read More
Silver Weekly Price Forecast – Silver Continues to Consolidate
Silver has dropped during most of the week, but I found enough support at the bottom of the recent consolidation area to hold firm. Read [more]
Oil: Upside is limited to $120 in the long run – Nordea
Share: This week, Crude Brent Oil reached a peak of 97$/barrel before coming down to the 95$ area. Economists at Nordea analyze Oil's outlook. [more]
Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Grind Higher
Crude oil markets have rallied rather significantly during the course of the trading week, as we continue to see the supply/demand disruption cause issues. Read [more]
USD/CAD finds intermediate support above 1.3400 on Canada’s sluggish GDP
Share: USD/CAD discovers a cushion near 1.3420 on Canada's stagnant GDP and soft US core PCE data. US monthly core PCE expanded at a [more]
EUR/USD Price Analysis: Downside mitigated above 1.0770
Share: EUR/USD gathers further impulse and surpasses 1.0600. The immediate target for bulls emerges at the 1.0770 region. EUR/USD regains composure and extends the [more]
The near-term risks are skewed towards additional USD strength – UBS
Share: From a recent low in mid-July, the US Dollar has appreciated by around 6% against the Euro, with the Dollar Index (DXY), a [more]
Nio Stock News: NIO rises as regulatory burden eases for Chinese multinationals
Share: NIO stock gives back early gains reaped on deregulation of cross-border data. China's Cybersecurity Administration has reduced scrutiny of non-personal data. Hang Seng [more]
Is Gold Scared of a Recession?
Despite all of the fundamental components in place for a rally, gold remained relatively weak on Sep. 28. Read More
S&P 500 Futures Largely Unchanged as the Fed’s Preferred Gauge of Inflation Cools to 3.9%
US PCE DATA KEY POINTS:August U.S. consumer spending advances 0.4% versus 0.4% expected.CorePCE, the Fed's favorite inflation measure, climbs 0.1% month-on-month and 3.9% from a [more]
Gold Prices Bounce Likely Short-Lived As US Rates, China Import Move Both Weigh
GOLD ANALYSIS & TALKING POINTSGold prices bounced in early Friday tradeAction looks corrective after heavy falls, doesn't seem backed by a specific eventUS PCE inflation [more]
US PCE Inflation Softer-than-Expected
The Commerce Department noted a 0.4% rise in August's PCE price index, versus the expected 0.5% increase. Read More
GBP/JPY Forecast – British Pound Continues to Rally Against the Yen
The British pound has rallied significantly during the course of the trading session on Friday, breaking above the 50-Day EMA. That being said, the market [more]
Nikkei 225, FTSE 100 and S&P 500 Try to Recover Into Month End
Written by Axel Rudolph, Senior Market Analyst at IG Nikkei 225 stabilizes as September draws to an endThe Nikkei 225 stabilizes into month-end despite Japan [more]
GBP/USD Price Forecast: Pound Rallies on Positive UK GDP Report
POUND STERLING ANALYSIS & TALKING POINTSUK GDP changes grim UK economic outlook.US PCE price index in focus later today.GBP/USD pulls out of oversold territory (RSI). [more]
Asia Day Ahead: Gold at March 2023 low, USD/JPY Hovers Below Key 150.00 Level
Market Recap A slight breather in the Treasury yields rally allowed Wall Street to turn in a positive session overnight, while VIX retraced for the [more]
Australian Dollar extends gains after upbeat Private Sector Credit
Share: Australian Dollar recovers from the 10-month low after upbeat Aussie data. Australia's monthly Private Sector Credit rose 0.4% compared to the expected 0.3%. [more]
USD/CAD trades with modest gains around 1.3500, eyes US PCE Price Index and Canadian GDP
Share: USD/CAD regains some positive traction on Friday and snaps a two-day losing streak. A softer Crude Oil prices undermines the Loonie and acts [more]
NZD/USD gains traction below 0.6000, investors await the US PCE
Share: NZD/USD rebounds to 0.5977 amid a decline of the US Dollar. US real Gross Domestic Product (GDP) grew at an annual rate of [more]
EUR/USD consolidates above mid-1.0500s, awaits Eurozone CPI and US PCE Price Index
Share: EUR/USD fails to attract any follow-through buying and oscillates in a range on Friday. Bets that any further ECB rate hikes may be [more]
USD/CHF flat-lines around 0.9150, eyes on Swiss Retail Sales, US PCE data
Share: USD/CHF remains flat around 0.9148 ahead of the key events. US Real Gross Domestic Product (GDP) grew at an annual rate of 2.1% [more]