Thursday, 30 June 2022

Natural Gas Forecast: July Opening Rebound May Fade as US Inventory Improves

Natural gas prices are higher in APAC trading following a brutal overnight drop of more than 6%. However, Improving US inventory levels may keep bulls from making much progress.

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EUR/USD Rate to Face Range Bound Conditions on Failed Test of June Low

EUR/USD may face range bound conditions over the coming days as it appears to be defending the monthly low (1.0359).

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Bitcoin Break Down May Continue after BTC/USD Breaks 19,000

Bitcoin prices ended June with a break below key levels of support as economic recession fears heat up. BTC/USD prices look primed to continue sliding.

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Crude Oil Price Eyes Monthly Low as OPEC Retains Adjusted Output Schedule

The price of oil approaches the monthly low ($101.53) as OPEC retains the upward adjustment in their production schedule.

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S&P 500 and Nasdaq 100 Bludgeoned in the Second Quarter. Will This Trend Persist?

The S&P 500 and Nasdaq 100 suffered punishing losses in the first half of 2022 and in the second quarter, pressured by rising recession fears and tightening financial conditions.

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Euro Forecast: ECB Reveals Anti-Fragmentation Measures – Setups for EUR/GBP, EUR/JPY, EUR/USD

EUR/JPY and EUR/GBP rates are still in bullish breakout territory, while EUR/USD rates remain rangebound.

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Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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Crude Oil Ends Seven-Month Winning Streak While EU Stocks Suffer

European equities have continued to slide as geopolitics remain key catalysts for price action. OPEC+ agrees to increase production in August, oil prices ease.

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Wednesday, 29 June 2022

Hawkish vs Dovish: How Monetary Policy Affects FX Trading

Hawkish and dovish policies affect FX rates through a mechanism referred to as 'forward guidance'.

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Crude Oil Price Slips as ECB Forum Fallout Continues While China Data Beats Forecasts

Crude oil managed to hold ground today after sliding in the previous session as China PMI figures gave the market some good news. Will WTI resume trending up?

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Gold Prices Unlikely to Find Support from US PCE Data

Gold prices are nearly unchanged after three days of losses as inflation bets fall. Tonight's PCE inflation data out of the US is unlikely to provide a boost as central bankers look committed to ba...

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AUD/USD Bumps Around on China PMI and Good Domestic Data. Where to for AUD/USD?

The Australian Dollar nudged higher on mediocre China PMI data and strong domestic private sector credit growth. Will AUD/USD remain under the pump?

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Australian Dollar Faces China PMI Data as Iron Ore Prices Plummet

The Australian Dollar was weighed down by a stronger Dollar and falling iron ore prices. Today's PMI data out of China offers a chance for the Aussie Dollar to recover if the data impresses.

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S&P 500 and Nasdaq 100 Subdued on Hawkish Fed, Recession Risks Torment Investors

U.S. stocks were subdued Wednesday as hawkish comments from the Fed chairman dampened risk appetite and increased fears that the economy is headed for a hard landing.

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Tuesday, 28 June 2022

Euro Scopes ECB Forum as Risk Appetite Takes a Hit. Where to for EUR/USD?

The Euro continued to slide today ahead of the ECB forum that will see a star-studded line up from the ECB, Fed and BoE. Will they deliver anything for EUR/USD?

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Gold Prices Fall with US Consumer Confidence as Crude Oil Gains on OPEC+ Output Woes

Gold prices fell as crude oil climbed over the past 24 hours. Softer US consumer confidence and OPEC+ output woes were key factors. What is next for XAU/USD and WTI?

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AUD/USD Outlook Mired by Waning Bets for RBA Rate Hike in July

AUD/USD may face headwinds ahead of the Reserve Bank of Australia interest rate decision on July 5 as the central bank tames speculation for another 50bp rate hike.

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Bitcoin Prices Tied to Sentiment as APAC Eyes Retail Sales Data

Bitcoin fell overnight alongside US stocks as traders hit the sell button. Market sentiment may rebound in APAC trading, particularly if retail sales data out of Japan and Australia impresses.

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USD/CAD Forecast: Decline from June High Mirrors Price Action from May

USD/CAD appears to be mirroring the price action from last month as the exchange rate quickly pulls back from a fresh yearly high (1.3079).

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Nasdaq 100 in Free Fall, S&P 500 Back in Bear Market as Stocks Sink. Now What?

The Nasdaq 100 and S&P 500 plunge Tuesday amid falling consumer confidence and signs that the U.S. economy could be headed for a recession, a scenario that creates significant risks for stocks

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...