MARKET NEWS
Nov 07, 2023
GBP/USD Slumps Back Below 1.2300 on Dovish BoE Rate Talk
Huw Pill, the Bank of England’s chief economist, said that UK inflation is set to fall sharply in the coming months, sending the British Pound lower
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Nov 07, 2023
Gold Cools as Volatility Subsides, Oil Sinks on Grim Global Outlook
Gold eased lower as the metal recovers from overbought territory, a stronger US dollar as the commodity appears less sensitive to the conflict. Oil sinks to prior swing low
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Nov 07, 2023
Dow & Nasdaq 100 Hold Firm while Nikkei 225 Drops Back​​​​
Some indices have dropped back from their highs of last week, but US markets continue to hold firm.
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Nov 07, 2023
Reserve Bank of Australia (RBA) Hikes Rates by 25bps, AUD/USD Slides Lower
The Australian central bank increased its official borrowing rate by 25 basis points, in line with recent expectations
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Nov 06, 2023
Nasdaq 100 Goes on Bullish Tear, USD/JPY Perks Up as US Yields Resume Rebound
This article focuses on the Nasdaq 100 and USD/JPY from a technical standpoint, analyzing major price levels that could act as support or resistance in the coming trading sessions.
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Nov 06, 2023
Oil Price Forecast: WTI Remains Vulnerable Below the 100-Day MA
Oil prices failed to hold onto early session gains to fall into red for the day. Further downside looks likely below the 100-day MA
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Nov 06, 2023
Gold Price Forecast: $1980 Support Break Eyed, Do Bears Have the Momentum?
Gold consolidates above a key support area as market participants await further clues. DXY remains key as we have a host of Fed Speakers on the docket which could provide some volatility as the week progresses.
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Nov 06, 2023
US Dollar Setups: EUR/USD, GBP/USD and AUD/USD Muted as Bullish Momentum Wanes
This piece employs a technical approach to analyze EUR/USD, GBP/USD, and AUD/USD, with an emphasis on significant price levels that may act as support or resistance in the upcoming trading sessions.
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Nov 06, 2023
GBP/USD Update: Cable Encounters Resistance Ahead of Q3 GDP Print
The pound benefitted from last week’s dollar selloff but the pair finds early resistance in a quiet week. Fed speakers emerge to fill the void with UK GDP on Friday
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Nov 06, 2023
USD/ZAR Price Forecast: Is the Rand Rally Over?
Rand prices faces firm opposition at a key support zone after a sharp appreciation against the USD.
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