US Dollar Price Forecast: US Jobless Claims and PPI May add to USD Weakness

The dollar continued its longer-term selloff after yesterday’s headline CPI data registered a massive drop. PPI inflation & weekly jobs data threaten further USD declines

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British Pound Latest – GBP/USD Moves Higher on Mixed GDP Data, US Dollar Weakness

The UK economy stood still in February, according to the latest UK GDP data, hampered by industrial action in some parts of the services sector.

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Gold Price Eyes New Highs as US Dollar Wilts on Soft CPI. Will XAU/USD Rally?

The gold price scoped new highs after the US Dollar descended in the wake of CPI printing below forecasts and Fed meeting minutes revealing a tapering of sorts. Where to for XAU/USD?

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Australian Dollar Boosted by Solid Jobs Data and Weaker USD. Where to for AUD/USD?

The Australian Dollar moved higher after better-than-forecast employment data today. It comes with the US Dollar undermined by soft CPI data and Fed meeting minutes. Higher AUD/USD?

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US Dollar Extends Losses as Fed Minutes Flag Recession Risks amid Banking Sector Turmoil

Minutes from the Fed's March meeting indicate that the banking sector turmoil that erupted last month could lead to tighter lending standards and pave the way for a recession later this year.

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Bank of Canada Holds Rates Steady & Sticks to Data Dependency, USD/CAD Slides

At the conclusion of its April monetary policy meeting, the Bank of Canada decided to maintain its policy rate at 4.50%, with a commitment to remain data dependent.

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Gold Price Forecast: Key Confluence Area in Sight Ahead of US CPI Data

Spot Gold eyes fresh highs as it reclaimed the psychological $2000 mark yesterday. Make or Break time for the precious metal?

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British Pound (GBP/USD) Forecast Led by US CPI, FOMC Minutes and Gov Bailey

GBP/USD price outlook is in for a volatile afternoon today with key US economic data and the BOE’s Governor Bailey scheduled to speak.

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US Dollar Gives up Ground Ahead of CPI Data and Japanese Yen Also Slips

The US Dollar softened today as the market awaits the latest US inflation gauge due out later today. There is potential for significant market impact from the data. Where to for USD/JPY?

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Crude Oil Price Finds Comfort Ahead of a Potential Breakout. Where to for WTI?

Crude oil prices have become ensconced in the elevated levels achieved by OPEC+ output target cuts while underlying market structures appear to be supportive for now. Will WTI go higher?

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IMF Warns of Global Economic Slowdown, Core Inflation to Decline Slowly

The latest IMF World Economic Outlook – A Rocky Recovery – sees global output falling in 2023 with advanced economies hit the hardest.

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USD/JPY Price Forecast: Yen Faces Short-Term Pressure Following Ueda Inauguration

USD/JPY looks to rise as the new BoJ Governor vows to stick with easing monetary policy for now with price action and technicals also supporting further short-term gains.

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British Pound Latest – GBP/USD Starts the Week on a Positive Note

GBP/USD starts the session on the front foot and back above 1.2400. Early US dollar weakness is helping the move ahead of important US releases on Wednesday.

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AUD/USD Price Forecast: Consumer Confidence Hits Fresh Yearly Highs, Aussie Bid

The AUD is trading higher this morning after a positive China/Australia deal may remove tariffs on local barley while Westpac consumer confidence beat estimates.

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US Dollar Extends Rise as Liquidity Comes Back and Markets Absorb NFP Report

The US Dollar gained on Monday as liquidity came back online and markets fully absorbed Friday’s non-farm payrolls report. Will DXY’s momentum hold ahead?

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Gold Prices Fall as Traders Raise Odds of More Fed Tightening after Solid Jobs Data

Gold begins the week on the back foot, dragged down by the rally in the U.S. dollar and the increased likelihood of a May FOMC rate hike, but maintains a bullish medium-term outlook.

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Q2 Top Trade Idea: Short USD/JPY on Fed Pause Signal, JPY Safe Haven Appeal

USD rate expectations price in multiple rate cuts for 2023 while the yen appears poised to capitalise on its safe-haven appeal and possible policy normalisation

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Q2 Top Trade Idea: Long USD/CAD, Rate Differential and Price Action Support Further Upside

USDCAD remains on course for higher prices despite a recent pullback. Is 1.4000 still possible?

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Can the Japanese Yen rely on its safe-haven appeal in Q2 - Will USD retaliate?

While the BoJ is expected to maintain the current status quo throughout Q2, the focus remains on the Fed's next move.

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Will Systemic Risks Make or Break Bitcoin in Q2?

As fears of financial instability continue to drive risk sentiment, Bitcoin prices have surged and could continue to be driven by the same systemic risks in the second quarter.

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