EUR/USD Price Update: EU PMI Miss Still Cause for Optimism

EU PMI data generally fell below rather lofty estimations, maintaining optimism that Europe may escape a recession in 2023. ECB Interest rate expectations hit 4%

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GBP Price Forecast: GBP/USD May Struggle to Push Noticeably Higher

Sterling continues to battle against a strong US dollar but one closely-followed long-term technical indicator is giving cable some support.

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Inflation. Deflation. Which Is Worse and Why?

Inflation is back from the dead but it’s sobering to recall that, not so long ago, deflation was deemed by far the greater threat. Maybe now’s a good time to ask which is worse for an economy?

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US Dollar Bounces Back Again as the Fed and ECB Map Out Rate Hikes. Higher USD?

The US Dollar skipped higher on Treasury yields gaining on solid data and the Fed re-iterating its hawkish stance while will EUR/USD dipped despite impending ECB rate hikes.

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EUR/USD Rejected at Resistance, GBP/USD Carves Out Bearish Double Top Pattern

The EUR/USD has resumed its decline after failing to break above a key technical resistance area. Meanwhile, the GBP/USD appears to be on the verge of validating a bearish double-top pattern.

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US Dollar Soars Lifted by Surging Yields, S&P 500 Falls Despite VIX's Slide

The U.S. dollar soars while the S&P 500 trades with a negative bias on Thursday in the wake of surging Treasury yields following hotter-than-expected labor market data.

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Gold Price Forecast: XAU, XAG/USD Wrestle with Rates & USD Strength

Gold and silver prices are facing technical and fundamental headwinds as higher rate expectations and inflation continue to drive price action. What next for XAU and XAG?

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Australian Dollar Fails To Hold China-Data Gains, Looks to RBA

AUD/USD has faltered ahead of key resistance and returned its data driven gains of the previous session

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Euro Area Core Inflation Prints Fresh Record High, EUR/USD Steady

Euro Area annual inflation rate came in above forecasts as core inflation rose for a third month in succession adding to the ECB conundrum.

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USD/JPY Retains Bullish Outlook, Fundamentals Undermine the Japanese Yen

The U.S. dollar is likely to strengthen against the Japanese yen in the near term, driven by monetary policy divergence between the Fed and the Bank of Japan.

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Manufacturing PMI Rises but Stays in Contractionary Territory, US Dollar Pares Drop

The U.S. dollar trims losses after ISM manufacturing PMI shows a sharp increase in prices paid, a sign that it may take longer for inflation to converge to the Fed’s 2% goal.

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Breaking News: German CPI Misses Forecasts - Inflation Remains ‘Sticky’

German inflation data has remained elevated, placing more pressure on the ECB to raise rates and take a more aggressive stance towards rampant price pressures.

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FTSE 100 Gains As Miners Surge On Strong China Data

The FTSE 100 has shared in a global move into riskier assets on hopes that China’s post-Covid economy is firing up

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GBP/USD Price Forecast: Grinds Higher but Acceptance Above 1.2100 Remains Elusive

GBP/USD remains caught between significant areas of support and resistance. Meanwhile UK mortgage data continues to struggle declining for a 5th consecutive month.

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Crude Oil Price Forecast: Chinese PMI’s & Weaker USD Offer a Lift for Crude Oil

Brent crude and WTI crude oil have benefitted from a risk on sentiment through positive Chinese manufacturing PMI data alongside a softer US dollar.

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US Dollar Extends Losses as Consumer Confidence Sours. What’s Next for the USD?

The U.S. dollar extended losses after U.S. consumer confidence data surprised to the downside and prompted Treasury yields to pare their daily advance.

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Pound Sterling Reacts Favorably to NI Protocol - GBP/USD, GBP/JPY Rise

News of Rishi Sunak striking a deal with the EU has lifted sterling, but the supposed improvements need to satisfy Tory Brexiteers and the Democratic Unionist Party (DUP)

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Crude Oil Market Looks Nervously To PMIs, Inventory Data

A nervy oil market awaits a slew of both energy-specific and general economic numbers

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USD/JPY Facing Strong Technical Hurdle at the 137.00 Level

The Yen remains vulnerable against the greenback as potential BoJ Governor Ueda doubles down on easy monetary policy stance. Can the Technical hurdles ahead keep USDJPY in check?

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Canadian Dollar Outlook: USD/CAD Price Seeks Breakout Ahead of Canadian GDP

USD/CAD is trading marginally higher this morning as the US dollar claws back lost gains. Canadian GDP and US consumer confidence under the spotlight today.

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