Currencies
US GDP, US Dollar News and AnalysisUS Q2 GDP edges higher, Q3 forecasts reveal potential vulnerabilitiesQ3 growth likely to be more modest according to the Atlanta FedUS Dollar Index attempts a recovery after a 5% drop Recommended by Richard Snow Get Your Free USD Forecast US Q2 GDP Edges Higher,…
Gold (XAU/USD) and Silver (XAG/USD) Analysis and ChartsGold remains positive in the coming weeksSilver’s technical break higher remains in place. Recommended by Nick Cawley Get Your Free Gold Forecast The US dollar Index (DXY) is around 0.4% higher in European trade after steadying around a 9-month low this week. This…
Brent, WTI Oil News and AnalysisGeopolitical uncertainty and supply concerns have propped up oilOil prices settle ahead of technical area of confluence resistanceWTI respects major long-term level but geopolitical uncertainty remainsThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit…
Japanese Yen (USD/JPY) AnalysisBoJ encouraged to stick to the plan as inflation continues above targetJapanese CPI remains at 2.8% – the same as last month and beats estimate of 2.7%USD/JPY gains prove short-lived ahead of Powell’s address at Jackson HoleBoJ Encouraged to Stick to the Plan as Inflation Continues above…
EUR/USD Underpinned by Better-Than-Expected Euro Area PMIs, Weak US DollarEuro Area composite PMI beats expectations but caution neededGerman manufacturing woes continueCan Powell support an ailing US dollar?Economic activity in the Euro Area picked up in August, according to the latest HCOB PMIs, but a closer look at the numbers ‘reveals…
EUR/USD and GBP/USD Rallies Fuelled by Ongoing US Dollar WeaknessEUR/USD and GBP/USD LatestThe US dollar is sliding lower as US rate cuts nearEUR/USD and GBP/USD post multi-month highs Recommended by Nick Cawley Get Your Free USD Forecast The minutes of the last FOMC meeting are released later in today’s session…
Japanese Yen (USD/JPY) AnalysisJapan’s July trade balance likely impacted by a significantly stronger yenEconomists and market participants expect another rate hike this yearUSD/JPY bearish continuation may receive a helping hand from the Fed Recommended by Richard Snow Get Your Free JPY Forecast Japan’s July Trade Balance Likely Impacted by a…
US Dollar (DXY), USD/JPY, and Gold LatestUS dollar weakens further ahead of key Fed chair speechUSD/JPY looks technically weakGold consolidating Friday’s record high.This year’s Jackson Hole Symposium – “Reassessing the Effectiveness and Transmission of Monetary Policy” – will be held on August 22-24 with Fed chair Jerome Powell’s keynote speech…
Gold (XAU/USD) – Repeated Attempts at a Fresh All-Time High, US Retail Sales WeighGold continues to test, and reject, its previous all-time high at $2,485/oz. and a break higher is being pared by a strong US retail sales reportGold unable to break higher as resistance holds firm.Weekly net-short positions jump.…
UK GDP, GBP/USD AnalysisUK GDP for Q2 expanded as expected but June reveals stagnant growthGrowth trends reveal optimism as the UK enters the rate cutting cycleSterling’s pullback reaches a point of reflection Recommended by Richard Snow Get Your Free GBP Forecast UK GDP for the Second Quarter as Expected –…
