ECB Speakers Fail to Boost EUR as US Debt Ceiling Concerns Grow

EUR/USD continues to weaken after reaching 2023 highs. The euro now faces fading risk appetite while ECB speakers attempt to back the EUR with hawkish guidance.

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Oil Technical Update: WTI and Brent Crude Recovery on Hold after US CPI

The recovery in the oil market appears to have found a pocket of resistance, potentially stifling an impressive 4-day recovery. Technical levels to watch

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USD Breaking News: Humdrum US CPI Leaves DXY on Offer

The US dollar weakened after US CPI showed yet another gradual decline in inflationary pressures.

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EUR/GBP Latest: Support Breaks Ahead of BoE Rate Decision

A break of multi-month support has seen EUR/GBP hit levels last seen in mid-December as the British Pound continues to nudge higher. Next up, the latest BoE monetary policy decision.

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USD/JPY Price Forecast: Japanese Yen Watchful After Ueda Address, US CPI to Come

USD/JPY is approaching the apex of the developing ascending triangle pattern. Could upcoming US CPI provide a breakout for the weakening Japanese yen?

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EUR/USD Latest: CoT Report Confirms Overcrowded EUR/USD Positioning

The data from the latest CoT report highlights the dominance of the bullish euro stance, however, recent resistance has proven tough to crack as a pullback sets in

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GBP/USD Price Forecast: 1.2600 Holding Firm as Bulls Eye a Fresh Catalyst

Cable holds onto gains as US CPI and BoE approaches but bulls appear exhausted as RSI rests in overbought territory. Deeper retracement incoming?

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DAX Price Outlook: Reduced Volatility and Momentum Highlight Range Potential

The DAX has attempted a retest of the yearly high but fading momentum suggests an external catalyst will be needed to propel the index higher

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EUR/USD Crumples as Bears Reload, USD/JPY Still Licking its Wounds

EUR/USD fell sharply on Tuesday, extending losses for the second day in a row amid cautious sentiment. Meanwhile, USD/JPY eked out a small gain, but lacked strong directional conviction.

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S&P 500 Remains Vulnerable as Nasdaq 100 Hits New YTD High

The Nasdaq 100 Index enters bull market territory, up over 20% since the lows while the SPX remains under pressure below the 4200 level. SPX eyeing a return to the 4000 handle?

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Gold Price Latest - $2,000/oz. Support Stands Firm as US Inflation Reports Near

Gold traded all the way back down to $2,000/oz. on Friday after the latest US Jobs Report but bounced back quickly and is eyeing notable resistance around $2,050/oz.

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GBP/USD Price Forecast: Anticipation Builds Around BoE Announcement

GBP/USD lingers near yearly swing highs but today’s Halifax house price index has dampened recent upside ahead of US CPI and the Bank of England (BoE).

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Crude Oil Maintains the Gains as Markets Await US CPI. Will WTI go Higher?

The crude oil price has stabilised so far on Tuesday after recovering from last week’s rout as soft Chinese data left markets pondering ahead of tomorrow’s US CPI. Where to for WTI?

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Japanese Yen Price Action Setups: EUR/JPY, USD/JPY, AUD/JPY

Yen retreats as safe haven appeal dissipates at the start of the week. The Yen to come under renewed selling pressure?

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EUR/USD Price Forecast: Euro Bulls Fight Exhaustion Below the 1.1100 Level

EURUSD holds above the psychological 1.1000 mark as bulls appear exhausted. Will 1.1100 remain out of reach as US CPI lies Ahead?

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AUD/USD Price Forecast: Commodity Prices Reinforce Aussie While USD Slips

AUD/USD prices are up roughly 0.5% looking for its 6th consecutive green close as the pair prepares for a stacked economic data filled week.

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XAU/USD Forecast: Gold Prices Delay Ahead of US CPI

Gold prices trade marginally stronger this morning but with high impact data scheduled later in the week, XAU/USD is likely to remain subdued until then.

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US Dollar Treads Water Post Jobs and Ahead of CPI. Where to for the DXY Index?

The US Dollar dipped today as markets reassess risk appetite after strong US jobs data on Friday might indicate a more robust economy than previously thought. Will USD recover?

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Crude Oil Price Steadies After Tumultuous Week. Where to for WTI?

Crude oil prices consolidated into the week as markets take stock of the macroeconomic environment and OPEC+ continues to be on traders’ minds. Will WTI recover further?

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Markets Week Ahead: S&P 500, Gold, US Dollar, Oil, BOE, US CPI, China Inflation

Key focus in the coming week is on US CPI data, the Bank of England interest rate decision, and China inflation and new yuan loans data. Also, 32 S&P 500 companies are scheduled to report results for the first quarter.

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