FX

Share: Natural Gas price recovers following the release of US inflation data which comes out lower than expected, weighing on the US Dollar.  Natural Gas had been trading flat-to-lower prior to the data on Friday due to greater-than-expected stockpiles in Europe. This largely eclipsed US data out on Thursday showing a fall in inventories last week.  Natural

Share: USD/INR edges lower on Friday and extends the overnight pullback from a two-week high. The technical setup still favours bullish traders and supports prospects for additional losses. Some follow-through buying beyond the 82.25 area is needed to negate the negative outlook. The USD/INR pair edges lower during the Asian session on Friday and moves

Share: Pending Home Sales in the US unexpectedly fell in May. US Dollar Index holds in positive territory, moves off highs.  Pending Home Sales in the US declined by 2.7% on a monthly basis in May, the data published by the National Association of Realtors showed on Thursday. This reading followed April’s 0.4% slide (revised

Share: Silver Price takes offers to reverse late Wednesday’s corrective bounce while reversing from 50-SMA. Five-week-old descending support line in the spotlight amid looming bear cross, steady RSI. XAG/USD needs to cross convergence of 200-SMA, 100-SMA to retake control. Silver Price (XAG/USD) drops to $22.70 as it portrays one more U-turn from the 50-SMA hurdle

Share: Economists at Wells Fargo remain somewhat hesitant on the medium term prospects for the British Pound and Canadian Dollar. Aggressive BoE easing next year should restrain the UK currency For the Pound, we expect that the Bank of England’s restrictive monetary policy will not prove supportive given slow growth and elevated inflation, while aggressive

Share: Gold price attracts some buyers during the Asian session, albeit lacks follow-through. Bets for more rate hikes by the Federal Reserve underpin the US Dollar and cap gains. Traders now look forward to Fed Chair Jerome Powell’s comments for a fresh impetus. Gold price edges higher during the Asian session on Wednesday and recovers

Share: The monthly CPI, due out on Wednesday, is one of the last data points before the next interest RBA rate decision. Economists at Commerzbank analyze how the figures could impact the Aussie. RBA is likely to pause again in early July As the RBA now appears to be approaching the peak of the current

Share: EUR/USD attracts fresh buying on Tuesday and draws support from a modest USD weakness. The lack of follow-through buying beyond the 1.0930-35 confluence warrants some caution. A break below last week’s swing low is needed to support prospects for any meaningful slide. The EUR/USD pair regains some positive traction following the previous day’s directionless

Share: Strategists at Société Générale feel there is a real likelihood of nominal rates decoupling from real rates to push Gold prices higher. Wait for it… Gold rally is not over yet We see 10-year US rate forecasts moderating significantly by the end of 2024 and with the low-hanging fruit in the fight against inflation

Share: WTI crude oil fades bounce off two-week low amid mixed catalysts. OPEC Secretary General, Aramco Official signal upbeat Oil demand. Mixed concerns about Russian fears to energy supplies put a floor under the black gold price. Fears about China’s economic slowdown, higher rates challenge energy buyers. WTI crude oil remains depressed around the intraday

Share: NZD/USD bulls are looking for a break to the upside to test trendline liquidity.  All eyes are on the RBA meeting as per market correlations.  NZD/USD has been held below a key trendline resistance for a couple of years but it could be on the verge of a breakout to the upside. However,  the Kiwi

Share: The EUR/JPY found support at a low of 155.06 and then recovered to 156.60. European and German PMIs came in weaker than expected. Soft inflation figures and monetary policy divergence weights on the Yen. Despite initial losses, the EUR/JPY pair managed to regain ground, climbing from a low of 155.06 to 156.60 and closing

Share: During the months of April and May, the price of Gold breached the $2,000 mark and was only within a few Dollars of the record high. Analysts at Natixis discuss XAU/USD outlook for the coming months. Gold prices to remain in the lower bound area of $1,900 in 2024 In the near term, Gold

Share: Gold recovers, rising 0.69% to $1926.30, amid global recessionary fears and faltering US bond yields. A worldwide slowdown in business and manufacturing activity stokes investor concerns and drives a shift to safe assets. Market participants focus on Fed speeches for rate hike insights; current odds are 74.4% for a 25-bps hike in July. Gold

Share: Natural Gas continues its climb higher as hotter weather stokes demand for Gas to power air conditioning. Gas terminal closures and outages in Norway, Europe’s primary producer, further support prices.  Technicals are mixed with short-term rallies within a longer-term downtrend.  Natural Gas price continues its step recovery into the weekend. The commodity is supported

Share: Silver Price drops to the lowest levels in three months during five-day losing streak. Clear downside break of previous support line from mid-March, 200-DMA favor XAG/USD bears. Bearish MACD signals also suggest further downside of the Silver Price but RSI (14) hints at a pullback. Nine-month-old ascending support line appears the key challenge for

Share: Euro loses its shine and revisits the 1.0980 area. Equities in Europe extend the negative streak so far this week. EUR/USD retreats from monthly highs past the 1.1000 mark. Fed Powell’s second testimony should keep the hawkish tone. The USD Index (DXY) regains some composure following monthy lows. After rising to new monthly highs above

Share: In this video you will find out the following: The significance of market breadth in determining the stock market’s health How to use the market breadth signals to make more informed decisions The trade management I am using in this ongoing volatile market to lock in profits yet still not missing out on the