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Wednesday, 31 May 2023

New Zealand Dollar’s Slide Approaches Limits: NZD/USD, EUR/NZD, GBP/NZD Price Setups

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The New Zealand dollar undoubtedly looks weak against its peers as the market digests the possibility of NZ rates peaking. However, the NZ c...

US Dollar Dithers After Debt Deal Passes House of Reps. Will the Fed Now Drive USD?

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The US Dollar struggled for direction on Thursday after the US debt deal passed through the House of Representatives ahead of the next hurdl...

Making Sense of Japanese Yen’s Recent Slide: Is it the Start of a Renewed Leg Lower?

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There are a couple of things that stand out on the charts of the Japanese yen against the US dollar and the closely correlated US Treasury y...

EUR/USD in Downward Spiral after Support Break. What Do Technicals Say?

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EUR/USD plunges and reaches its lowest level since March 17 on Wednesday, with the sell-off gathering pace following the invalidation of a m...

GBP Price Action Setups: GBP/USD, GBP/AUD, EUR/GBP

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GBP loses ground against the Greenback but remains firm against the Euro and Aussie Dollar. Where to next for GBP pairs? from DailyFX - Ma...

​​ FTSE 100, DAX 40 and Hang Seng Drop on Worse-Than-Expected China PMI Data

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​​Outlook on FTSE 100, DAX 40 and Hang Seng as another negative China growth surprise weighs on sentiment. from DailyFX - Market News http...

USD/CAD Price Forecast: Loonie Struggles as Crude Oil Tumbles

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CAD remains under pressure from the USD and lower crude oil prices as markets look ahead to Canadian GDP and Fed speak for guidance. from ...
Tuesday, 30 May 2023

Asian Indices Slide After China Data: Hong Kong HSI, Australia ASX, Singapore STI Price Action

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Asian indices have fallen sharply after China’s manufacturing activity contracted faster than expected in May – another sign that China’s po...

Japanese Yen Slides Despite Intervention Warning as US Dollar Steadies

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The Japanese Yen held its ground today after the US Dollar reasserted itself with expectations for the debt ceiling to be approved today. Wh...

Gold Price Forecast: 100-Day MA Provides Support as Gold Eyes Recovery

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Spot Gold continues to struggle for a meaningful recovery as the Dollar Index (DXY) began the day on the front foot. Will the DXY continue t...

FTSE 100 Lower, Dax Moves Higher While Dow Looks to Edge Up Following Reports of Debt Ceiling Deal​​​​

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​Indices were given a boost on Friday by news of a debt ceiling deal in principle, though some of that optimism has ebbed away over the long...

GBP/USD Price Forecast: Pound Faces Uphill Battle Despite Debt Ceiling Optimism

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GBP/USD has not been able to reverse recent losses while fundamental and technical analysis may suggest further hardship for the pound. fr...
Monday, 29 May 2023

Bitcoin & Ethereum Week Ahead: Upside Capped For Now?

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Developments on higher timeframe charts suggest the recent rebound is not a sign of the resumption of the multi-week uptrend. Indeed, chance...

Crude Oil Dips as US Dollar Steadies with a Pending Debt Deal Vote. Where to for WTI?

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The crude oil price gave up yesterday’s gain today while the US Dollar regained the ascendency in some pockets of the currency market as the...

Ahead of Euro Area Inflation: EUR/USD, EUR/GBP, EUR/AUD Price Setups

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The euro is beginning to look a bit oversold at least against the US dollar ahead of key Euro area inflation data, opening the door for a mi...

EUR/USD, GBP/USD Eyeing Recovery on Low Liquidity Monday Following US Debt Deal

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The Euro and Pound look to capitalize on potential dollar weakness following US debt deal. Low liquidity and the hawkish repricing of Fed Ra...
Sunday, 28 May 2023

Crude Oil Looks to OPEC+ Meeting for Cues; Is Natural Gas Resuming its Downtrend?

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Market sentiment received a boost after a weekend deal in Washington to raise the government’s debt ceiling. Will the gains sustain for crud...

US Dollar Poised After Debt Deal Break Through. Will the DXY Index Retreat?

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The US Dollar ascendency could face some scrutiny this week after the US debt ceiling issues appear set to be resolved in the coming days. W...

Japanese Yen After US Debt Deal: USD/JPY, EUR/JPY, GBP/JPY

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The JPY is maintaining a weak bias against the USD following the sentiment boost after the US debt deal, just as expectations of another US ...

Gold Price Dented by US Dollar Rally with Higher Yields as Debt Ceiling Woes Recede

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The gold price outlook appears to be tangled with the fortunes of the US Dollar as it continues to attract attention on rising Treasury yiel...