FX

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

Share: Euro maintains the flattish performance just above the 1.0900 yardstick. Stocks markets in Europe on their way to close another session in the red. Powell said that further tightening is needed to bring inflation down. The risk-off sentiment continues to weigh on the risk complex. The greenback clings to daily gains when tracked by

Share: EUR/USD takes offers to reverse late Tuesday’s corrective bounce amid four-day downtrend. Bullish chart formation, hawkish ECB clues challenge Euro sellers ahead of Fed Chair Powell’s bi-annual Testimony. Clear break of 1.0935-40 could convince EUR/USD bulls to return to the table. EUR/USD stays on the bear’s radar for the fourth consecutive day as it

Share: Natural Gas price corrects from its daily highs after the release of upbeat macroeconomic housing data from the US, which supports the US Dollar and weighs on XNG/USD.  Natural Gas pares earlier gains reached after Norwegian data showed lower-than-expected production in May, sparking supply fears. Despite bullish fundamentals, the longer-term technical trend remains bearish as long as prices

Share: The Reserve Bank of Australia (RBA) published the Minutes of its June monetary policy meeting, citing that “board considered rate rise of 25bp or holding steady and reconsidering at later meeting.” Additional takeaways Arguments were “finely balanced” but board decided case for immediate hike was stronger. Hike would provide greater confidence inflation would return

Share: AUD/USD has shown a downside move to near 0.6840 amid a quiet market mood due to an extended weekend in the US. The appeal for the Australian Dollar has been trimmed ahead of RBA policy minutes and PBoC policy. AUD/USD is climbing higher in a Rising Channel pattern formed in which each pullback is considered

Share: AUD/USD takes offers to refresh intraday low near 0.6850 during the mid-Asian session on Monday, reversing the early rebound by extending the previous day’s pullback from the highest levels in four months. In doing so, the Aussie pair takes clues from the downbeat options market bias and the latest China news. That said, the

Share: NZD/USD traded neutral at the 0.6230 area on Friday but set a 1.70% weekly gain. Hawkish Fed speakers and upbeat UoM data gave the USD momentum. Rising US bond yields limited the Greenback’s traction. The NZD/USD traded stable at the 0.6210 – 0.6245 range at the end of the week, holding to a 170