Crude Oil Price Creates a Range After Failing to Gain. Where to for WTI?

Crude oil prices consolidated into the week as the US Dollar appears vulnerable with debt ceiling uncertainty lingering and the possibility of the Fed being less hawkish. Lower WTI?

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Markets Week Ahead: Nasdaq, Gold, US Dollar; Debt Ceiling, US PCE, Germany Ifo, UK Inflation, RBNZ, Australia Retail Sales

US debt ceiling talks are likely to dominate sentiment after some of the optimism scaled back after reports on Friday that debt ceiling talks have hit a roadblock. Fed speak is expected to continue after mixed remarks from officials last week – some called for a pause while others pushed for more rate hikes. Powell, however, on Friday left the door open for a pause.

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Nasdaq 100, Dow Jones, S&P 500 Forecast: US Indices Rally Facing Key Technical Hurdles

US Indices continued their rise this week as large cap Tech stocks continue to lead the way. There are key technical hurdles ahead which begs the question, can the rally continue?

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EUR/USD Outlook: Euro Attempts Fightback Post Powell, US Data to Come

EUR/USD looks to key US economic data for guidance after a dovish Powell pushed the euro back above 1.08 against the dollar.

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British Pound (GBP/USD) Week Ahead: UK Inflation and US Debt Talks to Dominate

Market sentiment, and price action, will be dictated by ongoing US debt ceiling talks and the latest US and UK inflation reports

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USD/CAD Price Forecast: Loonie Eyes Further Gains to End Week on a High

The loonie is on course for modest gains against the rampant greenback this week thanks to an uptick in Canadian inflation and rate hike expectations. Will the BoC Return to Hiking Rates?

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USD Price Forecast: Dollar Index (DXY) Looks to Fed Chair for Guidance

The U.S. dollar remains at the mercy of Fed officials today with Fed Chair Jerome Powell in focus.

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US Stocks: S&P 500 Tags New Yearly High on Debt Ceiling Optimism

US equities edge higher on improved sentiment. Although, a stronger US dollar, higher yields and increasing expectations of another rate hike in June could cap gains

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US Dollar Eyeing Best 2-Week Performance Since September, Eyes on Resistance

The US Dollar is eyeing its best 2-week period since September after debt ceiling deal bets and rosy jobless claims data added fuel to DXY’s rally. What are key levels to watch?

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Nasdaq 100 Pulls Off Epic Breakout, Rockets to New 2023 Highs, Defying Gravity

The Nasdaq 100 stages a bullish breakout and rises to its best levels since April 2022. While the outlook remains constructive, caution is warranted, with the market approaching overbought territory

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Crude Oil Price Forecast: Brent & WTI Caught Between Supply & US Factors

Brent and WTI crude oil prices have recovered since early May lows as markets look to Fed speak, supply disruptions and the US debt ceiling for guidance.

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Bitcoin (BTC/USD) Price Latest: Struggling to Reclaim Recent Highs Despite Debt Talk Optimism

US debt ceiling talks yesterday between President Biden and House Speaker McCarthy may have paved the way for an agreement to be reached, giving risk markets, including the cryptocurrency space, a boost.

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EUR/USD Price Forecast: EUR/USD Eyeing Bounce at Key Confluence Area

The Euro is looking to arrest its slide against the Greenback as market sentiment improves and key confluence area comes into play. A bounce in store for EURUSD from the 1.0800 handle?

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Japanese Yen Price Setups: USD/JPY, GBP/JPY, EUR/JPY

Positive news about a potential agreement to raise the US debt ceiling lightens market sentiment. Current yen setups are broadly skewed to the downside

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Silver Tech Update: Silver Sell-off Approaches Confluence Zone of Support

Silver approaches a confluence zone of support as last week’s selling continues at a slower pace. Longer-term uptrend remains intact

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British Pound (GBP/USD) Update: BoE’s Bailey, Elevated US Bond Yields

Bank of England Governor Andrew Bailey says the UK’s outlook is getting brighter but the central bank’s commitment to 2% inflation ‘is unwavering’.

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Gold Price Forecast: XAU/USD at Risk of Further Downside Below the Psychological $2000 Mark

Spot Golds retreat and selloff yesterday puts the precious metal at risk of further downside the longer it remains below the $2000 level. Is this the beginning of the end for Golds bullish run?

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Euro Breaking News: Mixed Inflation Data Reveals Lack of Progress

Euro area headline inflation rose while core inflation saw a modest decline. The data is likely to embolden calls for more hikes but US debt ceiling dominates the narrative

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FTSE 100, DAX 40 and S&P 500 Slip on US Debt Ceiling Woes

Outlook on FTSE 100, DAX 40 and S&P 500 amid ongoing US debt ceiling negotiations

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USD/JPY Price Forecast: Japanese GDP Supportive of BOJ Policy Shift

The Japanese Yen remains under pressure against the USD as US debt ceiling guides market sentiment. USD/JPY now testing key resistance zone.

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