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USD/JPY Technical Analysis: Psychological Resistance 140.00 - 23 May 2023The sharp contrast between the policy of the Japanese central bank, which adopts an accommodative policy to stimulate the Japanese economy
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TRY/USD Forecast: The Turkish Lira Continues its Free Fall - 23 May 2023The Turkish lira continued its losses against the dollar, as the lira records daily declines in what appears to be a free fall.
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USD/CAD: Equilibrium Exhibited before Possible Trading Storm - 23 May 2023The past few days of trading have seen the USD/CAD trade mostly within a price range of 1.34700 to 1.35250 with brief outliers.
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NZD/USD: Turn Lower but Cautious Higher Range Stays in Sight - 23 May 2023After falling to a low of nearly 0.62050 on Tuesday of last week, the NZD/USD is currently traversing around the 0.62700 as of this writing.
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USD/JPY Forecast: Shows Resilience Against the Japanese Yen - 23 May 2023The USD/JPY encountered an initial drop during Monday's trading session, reflecting the ongoing volatile behavior in the market.
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Natural Gas Forecast: Consolidates as Summer Looms - 23 May 2023The natural gas market witnessed a slight decline during Monday's trading session, as hesitancy prevails among market participants.
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Crude Oil Forecast: Kicks Off the Week with Consolidation - 23 May 2023The West Texas Intermediate (WTI) Crude Oil market kicked off the week downward but quickly reversed, indicating signs of life.
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AUD/USD Forex Signal: Extremely Bearish Below the Support at 0.6627 - 23 May 2023The Australian dollar went nowhere on Tuesday morning as concerns about the American economy continued
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Gold Forecast: Continues to Find Tentative Support - 23 May 2023The gold market witnessed a back-and-forth trading session on Monday, as the 50-Day Exponential Moving Average (EMA) acted as a significant...
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GBP/USD Forecast: Displays Resilience Amidst Volatile Trading - 23 May 2023The GBP/USD experienced back-and-forth price action during Monday's trading session, indicating a market with strong interest around the 50-Day...
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S&P 500 Forecast: Continues to Look Choppy at Best - 23 May 2023The S&P 500 experienced a slight retreat during Monday's trading session, displaying signs of exhaustion following a positive upward trend.
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GBP/JPY Forecast: Continues to Threaten a Major Move - 23 May 2023During Monday's trading session, the British pound experienced a slight pullback, only to reverse its course and rally significantly as the market...
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NASDAQ 100 Signal: Continues to See Upward Momentum - 23 May 2023The NASDAQ 100 rallied again during the trading session on Monday, as we continue to see the 13,750-level influence pricing.
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Silver Forecast: Finding a Bottom? - 23 May 2023Silver initially experienced a decline against the US dollar but quickly reversed its course, demonstrating signs of life as value hunters reenter...
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EUR/USD Forecast: Bounces Slightly to Kick off the Week - 23 May 2023The EUR/USD displayed a modest rally during Monday's trading session, reflecting the prevailing noisy behavior in the market.
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BTC/USD Forex Signal: Bitcoin Sits and Waits for a Catalyst - 23 May 2023Bitcoin and other cryptocurrencies have moved sideways in the past few days in a low-volume environment.
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GBP/USD Forex Signal: Ripe for a Bearish Breakdown to 1.2238 - 23 May 2023The GBP/USD exchange rate was unchanged as traders waited for key statements and economic data from the UK and the US.
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EUR/USD Forex Signal: Recovery Fades as Bears Target 1.0700 - 23 May 2023The euro and the US dollar have moved sideways as investors reflect on the latest Fed speak and the US debt crisis.
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British Pound (GBP/USD) Latest: IMF U-Turn, UK PMIs, US Debt TalksThe International Monetary Fund has performed a quick 180 and predicted that the UK economy will grow in 2023 and after last month warning of a...
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Dow and CAC40 Slip but Nasdaq 100 Holds up WellThe Dow and CAC40 have struggled to make progress, though inflows continue to support the Nasdaq 100.
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Euro Area PMI Data Shows Robust Sector Growth Despite Manufacturing Slump, EUR/USD FlatEuro Area PMI saw the manufacturing slump continue while the service sector showed signs of easing. Early warning signs or a pause before a busy...
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USD Price Forecast: Debt Ceiling Optimism Supportive of Dollar Index (DXY)The U.S. dollar remains apprehensive as debt ceiling talks continue ahead of some key US economic data this week. US PMI figures and Fed speak in...
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Crude Oil Bumped Up on Hopes of a Debt Ceiling Deal. Will WTI Break the Range?The crude oil price steadied again today as the broader macro picture remains somewhat opaque despite reassurance from Biden and McCarthy. Would a...
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Australian Dollar Ahead of Retail Sales: AUD/USD, EUR/AUD, GBP/AUD Price SetupsAUD has been mixed against its peers as Australian rate hike expectations scaled back after employment unexpectedly fell in April. The key focus is...
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Gold Price Finds Traction as US Dollar Pauses Despite Higher YieldsGold continues to consolidate today after looking lower last week as the US Dollar ponders direction with the debt ceiling issue yet to be...
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Canadian CPI Preview: Forecasts from five major banks, inflation likely to ease againStatistics Canada will release April Consumer Price Index (CPI) data on Tuesday, May 16 at 12:30 and as we get closer to the release time, here are th
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USD Index gives away gains and drops to 101.40 on soft CPIThe greenback sets aside two daily gains in a row and returns to the 101.40/30 band when tracked by the USD Index (DXY) on Wednesday. USD Index appear
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AUDUSD falls back below the 200 day MAThe AUDUSD fell sharply today after an initial move higher found will sellers vs the 100 day MA. The subsequent fall has now taken the price below...
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AUD/JPY Technical: Potential Push Up Within a Major RangeTwo conflicting fundamental factors are driving the short-term movement of the Aussie dollar. RBA’s hawkish rhetoric has provided a potential...
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Exploring the Surging Interest of Retail Investors in Cryptocurrency in 20232023 has seen a striking increase in interest from retail investors as a result of cryptocurrency's ability to draw in investors from all around...
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AUD/USD slides amidst US economic resilience, weaker Chinese dataAUD/USD retraces from daily highs of 0.6709 and drops 0.62% after a slew of economic data from the United States (US) showed that the economy remains
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Gold Prices Tepid Despite Lower Yields Post-CPI. Is the Bullish Case Over?Gold prices retreat despite falling U.S. Treasury yields following softer-than-expected U.S. inflation data, but the fundamental outlook remains...
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FX Majors Weekly Outlook (15-19 May)UPCOMING EVENTS: Tuesday: UK Labour Market, US Retail Sales, Canada CPI. Thursday: Australian Labour Market, US Jobless Claims. Friday: Fed...
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CAD board chairman announces resignationLou Svetlik’s resignation could be accepted following a discussion between CAD board members, Chief Appraiser Keri Wickliffe said. The board...