MARKET NEWS
Feb 22, 2024
Gold Prices Rise Again On Weaker Dollar, Geopolitics Dominate
The prospect of higher-for-longer rates is a headwind for gold, but the markets still think cuts will come, and that’s supportive
READ MORE
Feb 22, 2024
British Pound (GBP) Latest – GBP/USD Boosted by Positive UK PMIs, Weak US Dollar
The latest UK S&P PMIs suggest that the economy is growing by 0.2-0.3% in Q1 2024, confirming the BoE’s view that the UK’s recession is likely to be short-lived.
READ MORE
Feb 22, 2024
German PMI Data Slumps after Decent Run, Broader EU PMI Data Mixed
Thursday’s PMI data was always going to be scrutinized after the Bundesbank signalled the likelihood of a German recession. Forward-looking metrics disappointed
READ MORE
Feb 22, 2024
Crude Oil Heavy As Global Demand Worries Win Out Over Geopolitics
Conflict in Ukraine and Gaza have clouded oil supply prospects but demand is in focus at the moment thanks to higher interest rates and China’s economic woes.
READ MORE
Feb 21, 2024
US Dollar Trims Losses After Fed Minutes Caution Against Premature Rate Cuts
The Fed minutes showed that most officials are wary of cutting interest rates quickly and want to see additional evidence of persistent disinflation before pulling the trigger. This policy stance could benefit the U.S. dollar for now.
READ MORE
Feb 21, 2024
USD/ZAR Price Forecast: Rand Marginally Weaker after Local CPI Inflation
USD/ZAR price forecast: rand marginally weaker after local CPI inflation
READ MORE
Feb 21, 2024
Japanese Yen Latest – Exports Hit Record Levels, USD/JPY Testing 150 Again
USD/JPY is trading on either side of 150 on a marginally weaker Japanese Yen after balance of trade data showed Japanese exports booming.
READ MORE
Feb 20, 2024
US Dollar Muted Ahead of Fed Minutes; Setups on EUR/USD, USD/JPY & USD/CAD
This article focuses on the technical outlook for three popular U.S. dollar pairs: EUR/USD, USD/JPY, and USD/CAD. Throughout the piece, we scrutinize potential scenarios and examine key price levels worth watching in the coming days.
READ MORE
Feb 20, 2024
Gold Prices on the Rise, Confluence Resistance in Sight. What Now for XAU/USD?
This article examines gold’s outlook, analyzing potential scenarios that may emerge in the near future in light of the Fed’s monetary policy outlook and price action dynamics.
READ MORE
Feb 20, 2024
Oil Price Outlook: Brent Crude, WTI Ease after Decent Recovery
Oil prices softened on Tuesday after posting a near 10% recovery from the February low. Recent support measures out of China appear to have appeased markets for now
READ MORE