MARKET NEWS
Mar 04, 2024
Oil Price Outlook: OPEC+ Extends Supply Cuts into Q2, WTI & Brent Ease
OPEC+ kept supply cuts in place, with Russia surprising markets by constraining its output for Q2. Red Sea strikes add to upside potential but growth concerns linger
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Mar 04, 2024
British Pound Gains Again Despite UK Spring Budget Jitters
The Chancellor will need to refrain from any unfunded offers to voters this week. Sterling might suffer if he doesn’t.
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Mar 04, 2024
Gold (XAU/USD) Price Probes Fresh Multi-Month Highs, More to Follow as NFPs Loom?
Last Friday’s sharp rally sent gold back to levels not seen since early-December. With little in the way of technical resistance ahead of last year’s spike high, will gold continue to rally?
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Mar 03, 2024
Markets Week Ahead: Gold Breaks Out as EUR/USD Eyes ECB; Powell, BoC & NFP Loom
The upcoming week brings a flurry of central bank activity and high-impact economic data, setting the stage for potential volatility in financial markets.
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Mar 02, 2024
Gold Price Forecast: Bullish Breakout Continuation Hinges on US Jobs Data
Gold surges past crucial resistance levels, hitting its highest mark since December of the previous year. The sustainability of this week's bullish breakout, however, depends on the upcoming U.S. jobs report.
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Mar 01, 2024
USD/JPY Recovers on Ueda's Dovish Remarks, Critical Tech Levels Ahead
The yen lost ground on Friday after BoJ Governor Ueda indicated that inflation is retreating rapidly and that further confirmation of the sustainability of the price goal is needed to change strategy, signaling that a March rate hike is unlikely.
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Mar 01, 2024
Euro (EUR) Price Latest – EU Core Inflation Remains Sticky, EUR/USD Testing 1.0800 Again
EU core inflation y/y dipped to 3.1% in February from 3.3% in January but came in above market expectations of 2.9%. EUR/USD eyeing a break below 1.0800.
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Mar 01, 2024
Japanese Yen Outlook: Yen Appeal Proves Short-lived, Wage Data in Focus
The Japanese Yen has surrendered the majority of its gains just 24 hours after BoJ Board Member Hajime’s calls for policy normalisation. Huge focus on wage data this month
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Feb 29, 2024
Gold Price Outlook: Fundamentals & Technicals at Odds, What Now for XAU/USD?
This article examines gold’s near-term outlook, exploring various scenarios that may arise following the release of core PCE data, which is considered the Federal Reserve's preferred inflation measure.
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Feb 29, 2024
Japanese Yen Analysis & Setups: USD/JPY, EUR/JPY, GBP/JPY - Breakdown Ahead?
This article provides an in-depth analysis of the technical outlook for USD/JPY, EUR/JPY, and GBP/JPY, dissecting key resistance and support levels crucial for strategic risk management in position building.
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