Crude Oil Prices Break 3-Month Resistance, OPEC Report Due

Crude oil prices broke resistance capping them since April, buoyed by a dovish Fed and a sharp drop in inventories. Surly OPEC commentary may not cool the rally.


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Nikkei 225 Rallies with Nintendo Stock, S&P 500 Momentum Fading?

The Nikkei 225 rallied as the Fed readied markets for a cut and Nintendo shares enjoyed the announcement of the Switch Lite. The S&P 500 uptrend appears to be running out of steam.


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USDJPY and Gold Show What Fed Support Can Truly Offer Market

Fed Chairman Jerome Powell and the FOMC minutes have stirred the market, but what direct implications carry more weight: a deflated Dollar premium or a boost to global risk trends smitten with stimulus?


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Dovish ECB Meeting Minutes to Rattle EURUSD Rate Rebound

Fresh developments coming out of the Euro area may rattle the recent rebound in EURUSD if the ECB shows a greater willingness to implement more non-standard measures.


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Dollar Drop More Reliable than S&P 500 Record High as Fed Readies Rate Cut

The first day of Fed Chairman Powell’s testimony set dovish convictions at ease with a boost to risk trends and a retreat n the Dollar. Which of these nascent moves have true potential into the future?


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Japanese Yen Gains Put Downside USD/JPY Range Break On Cards

The Japanese Yen has risen against the Dollar as have many other currencies thanks to the latest Fed commentary. USDJPY faces important near-term support


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Gold Prices Eye 2019 High Following Dovish Fed Testimony

Gold catches a bid following the Fed testimony, with the price of bullion at risk of exhibiting a more bullish behavior as it carves a series of higher highs and lows.


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Gold Price Volatility Climbs as XAUUSD Rallies on Dovish Fed

Spot gold prices rise alongside gold volatility as markets react to the latest dovish commentary from Fed Chair Powell - a trend that could continue headed into the July FOMC meeting.


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USD/JPY: Downtrend Is Expected to Continue as Traders Remain Net-Long Since May 2019

Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current USD/JPY price trend may soon reverse higher despite the fact traders remain net-long.


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GBP/USD: 83% of Traders are Net-Long Suggesting Further Depreciation of Sterling against the Dollar

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.


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Platinum Price Outlook: Breaking above The Weekly Resistance - What Might Be Next

Last week Platinum lost nearly 4% of its value, however; this week the buyers are trying to come back. Here are the levels they have to consider to recover last week’s losses.


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CAD Drops as Bank of Canada Flags Concerns of Trade Wars

The Bank of Canada kept interest rates unchanged at 1.75% as expected. However, raises concerns of global trade war.


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US Recession Watch - What the US Yield Curve is Telling Traders

A key spread in the US Treasury yield curve is now suggesting that there is nearly a 33% chance of a recession hitting the United States within the next 12-months.


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USD Spikes Lower as Dovish Fed Powell Sets Stage for Rate Cuts

Fed Chair Powell provided a somewhat more dovish than expected speech sparking a drop in the greenback, while US equities and gold surged higher.


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Gold Prices Maintain Sideways Range Despite Plunge in Gold Volatility

With 2019 Fed rate cut odds at their lowest level since May 30, measures of volatility have dropped, and in turn, lower yielding currencies and safe haven assets have suffered.


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Canadian Dollar Expected to be Most Volatile Currency Amid BoC & Fed Risk

FX volatility is lifted as eyes turn towards Fed Powell’s testimony, however, the Canadian Dollar is expected to be the most volatile currency with implied vols at the highest in 2019.


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US Dollar Price Outlook Still Positive as Markets Wait for Powell Testimony

The US Dollar is well placed to extend its recent advance after the start today of the semi-annual testimony to Congress by Federal Reserve Chair Jerome Powell.


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GBP Sterling Forecast: GBP/JPY Price Eyes the High End of Current Trading Zone

On June 3 the sellers attempted to resume the bearish move has failed. Here are the key technical levels the pair might encounter in the few coming days.


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Gold & Silver Price Set-Ups Amid Fed Powell’s Testimony, FOMC Minutes

Eyes on Fed Chair Powell’s testimony and FOMC meeting minutes as gold prices test key support, while silver begins to slowly outperform gold.


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UK Economy Grows in May But Underlying Risks Continue

Sterling received a push higher on Wednesday morning as GDP figures showed that the British economy managed to grow in the month of May, after experiencing a contraction in the month of April.


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