Gold Prices Gain as US Dollar Falls, Keep a Close Eye on Bearish Engulfing Follow-Through

Gold prices gained on Tuesday as the US Dollar fell. XAU/USD remains vulnerable to follow-through after a Bearish Engulfing emerged. How have retail traders changed their exposure?

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EUR/USD Bounces Off Confluence Support as Bulls Reemerge to Assert Market Control

EUR/USD pivots higher after two consecutive days of declines, with bulls swooping in to defend technical support and to spark a rebound off the psychological 1.0900 level.

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Gold Prices Gain as US Dollar Resumes Drop, XAU/USD Bounces off Channel Support

Gold regains ground after a subdued performance on Monday, with prices rebounding off channel support near the psychological $2000 level.

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Nasdaq 100 Update: US Stocks Gear up for Tech Earnings: Netflix, Tesla

Netflix and Tesla get the megacap tech stocks underway in the first earnings season of 2023. The Nasdaq has led other US indices as rate expectations and inflation ease

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EUR/USD Nudges Higher, German ZEW Misses as Economic Sentiment Wanes

The single currency is pushing higher against the greenback on US dollar weakness and eyes a re-test of 1.1000 in the near future.

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GBP Price Forecast: Things Get Tough for the BoE as UK Labor Data Surprises

GBP/USD is bid this morning after UK labor data showed faster wage growth that brought into consideration another rate hike from the BoE in May.

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China GDP Beats Expectations; Hang Seng and Shanghai Composite Index To Extend Gains?

China/Hong Kong equities could be gearing up for another leg higher as the recovery in the world’s second-largest economy picks up steam. What could be potential upside in the indices and what are the levels to watch?

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Gold Prices Slip as US Dollar Regains Vigor, Oil Repelled by Cluster Resistance

Gold prices retreat on Monday, undermined by broad-based U.S. dollar strength and rising U.S. Treasury yields. Meanwhile, oil turns lower after failing to clear cluster resistance at $82.60/$83.40.

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USD/JPY Breaks Major Trendline Resistance as USD/CAD Defies Key Moving Average

USD/JPY breaks above trendline resistance and reaches its best level since March 15. Meanwhile, USD/CAD rises for the second consecutive day, challenging its 200-day simple moving average.

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USD (DXY) Update: Manufacturing Data Lifts Downtrodden Dollar

The US dollar has received a boost from an unlikely manufacturing print that adds weight behind the developing pullback

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AUD/USD Price Forecast: Aussie Dollar Sets Eyes on RBA Minutes

AUD/USD trades around the key 0.67 support level as focus shifts to the RBA meeting minutes and Chinese GDP tomorrow.

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EUR/USD Back Below 1.1000 as the US Dollar Picks up an Early Bid

US Treasury yields open the session near a two week high, giving the greenback an early boost. EUR/USD is back below 1.1000 but for how long?

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Gold Price Forecast: XAU/USD Reacts to Real Yield Sensitivity

Gold prices are bid as real yields are suppressed pushing XAU/USD above the $2000 handle in early European trade.

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Markets Week Ahead: S&P 500, Gold, US Dollar, Global Inflation Data, US Earnings Season

Global equity markets rose while the US dollar slipped in the past week on growing expectations that the US Federal Reserve is nearing the end of its tightening cycle. Key focus is now on Euro area, UK, Japan, Canada, and New Zealand inflation data in the coming week as the US earnings picks up steam.

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Gold (XAU/USD) Within Touching Distance of a New All-Time High

The precious metal is within $30 of making a new all-time high as buyers continue to dominate price action. US data out later may fuel the next leg higher.

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Australian Dollar Flies High with Kiwi on Sinking US Dollar. Where to for AUD/USD?

The Australian Dollar hit the after-burners overnight, stretching to a 7-week peak following soft US inflation data that also boosted the New Zealand Dollar. Where does that leave AUD/NZD?

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US Dollar Continues to Get Punished as Traders Feel No Need for Safety as Stocks Soar

Traders continued punishing the US Dollar amid a lack of reason for safety as the Dow Jones, S&P 500 and Nasdaq 100 soared on Thursday. Will DXY confirm its worst week since early January?

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S&P 500 Soars as Falling Inflation Boosts Fed Pause Hopes, Bank Earnings in Focus

The S&P 500 rallied and closed at its best level since mid-February, boosted by weaker-than-expected U.S. inflation data. Market attention now shifts to the first-quarter earnings season

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US Dollar in Freefall, USD/CAD Breaches Major Support, GBP/USD on Brink of Breakout

The U.S. dollar weakens across the board on Thursday, paving the way for USD/CAD to breach key trendline support and pushing GBP/USD to the brink of a bullish breakout.

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Oil Price Update: OPEC Flags Downside Risks to US Summer Demand

OPEC’s monthly report for March highlighted the possibility of a subdued rise in US oil demand ahead of the summer driving season as part of the decision to cut supply

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