Crude Oil Price Jumps Around on OPEC+ and IEA Reports, Data and War Woes

Crude oil has bounced around this week amid reports from OPEC+ and the IEA hinting at lower demand, while economic data and geopolitics create uncertainty. Where to for WTI?

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USD/CAD Rate Vulnerable to Sticky Canada CPI

Fresh data prints coming out of Canada may lead to a further decline in USD/CAD as the Consumer Price Index (CPI) is anticipated to show sticky inflation.

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Australian Dollar at Risk, Poland Says Russian-Made Missile Hit Border Area Near Ukraine

The Australian Dollar is testing a critical trendline breakout higher despite rising geopolitical tensions in Europe as Asia-Pacific markets are left on edge for Wednesday’s trading session.

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USD/JPY Rate Susceptible to Another Oversold Reading in RSI

USD/JPY may struggle to retain the advance from the August low (130.39) as the Relative Strength Index (RSI) continues to flirt with oversold territory.

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S&P 500 Rebounds but Reports that Russian Missiles Landed in Poland Cap Upside

The S&P 500 resumed its recovery on the back of weaker-than-expected PPI data, but finished the day off its best levels following reports that Russian missiles crossed into NATO member Poland.

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EURUSD Cooling Off After Failing to Test 1.05

The Euro has cooled from session highs after failing to stretch to the 1.05 threshold.

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Fedspeak for the Week Ahead

Federal Reserve speakers are back out in force this week following last week’s CPI print and major market moves.

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Gold Price Forecast: XAU/USD Nearing ‘Oversold’ Territory as Yields Gap Up

Gold’s recent bullish advance appears under threat as the RSI briefly entered ‘oversold’ territory. Contractionary policy likely to cap longer-term XAU/USD price action

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Forex Spreads Trading Strategies & Tips

Learn how to master the forex spread and keep your trading costs low with our strategies and tips.

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Top 8 Forex Trading Strategies and their Pros and Cons

Compare the pros and cons of different forex strategies, from day trading to position trading.

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Crude Oil Forecast: Monthly OPEC Report in Focus for Brent

Brent crude oil keeps its head above the 95.00 support handle ahead of OPEC’s monthly oil report (MOMR).

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US Dollar Finds Firmer Footing After Fed Clarification. Has the DXY Index Peaked?

The US Dollar clawed back some ground today the Fed’s Waller hit the wires over the weekend, reminding markets that inflation is still too high. Where to for the US Dollar?

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Gold Looks Like Neither Inflation Hedge nor Safe Haven

The gold market has continued to slide this year despite rampant inflation, Covid and geopolitical turmoil.

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Japanese Yen Boosted Against US Dollar on Soft US CPI. Has USD/JPY Broken Trend?

The Japanese Yen has rallied after US CPI undermined the US Dollar sending USD/JPY to fresh 3-month lows ahead of a plethora of Japanese data. Is the ascending USD/JPY trend over?

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Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Bitcoin, FTX, G-20 Summit

Stock markets surged last week as softer US inflation data cooled Fed rate hike expectations. The Nasdaq 100 and gold soared as the US Dollar tumbled. Bitcoin was unable to capitalize on risk appetite, sinking 20% as crypto giant FTX filed for bankruptcy. What is in store for markets next?

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Canadian Dollar Forecast: Outlook Hinges on Inflation Data Following USDCAD Plunge

Inflation data comes into focus for Loonie traders after a major week for USDCAD.

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EUR/USD Rate Eyes August High Ahead of US Retail Sales Report

EUR/USD is on track to test the August high (1.0369) ahead of the US Retail Sales report amid growing speculation for a smaller Federal Reserve rate hike in December

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Gold Price Forecast: Soft US Inflation Data Has XAU/USD Eyeing Less Hawkish Fed

Gold prices rallied the most since March 2020 last week as a softer US inflation report saw traders price in a less hawkish Federal Reserve. Ahead, eyes are on Fedspeak, PPI and retail sales data.

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US Dollar Outlook Turns Bearish as Slowing Inflation May Further Weigh on Yields

The U.S. dollar could extend its near-term correction as slowing U.S. inflation could keep Treasury yields biased to the downside as traders reprice lower the path of monetary policy.

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Cryptocurrency Meltdown Pauses After FTX and Alameda Implosion

Two of the biggest names in the cryptocurrency market, FTX and Alameda, may be worthless now after revealing losses running into billions of US dollars.

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