US Dollar mixed, NZD/USD the moderate outperformer, while key technical break could see Platinum on course for an increasing bullish outlook. [Read More...]
Japanese Yen vs US Dollar Breakout, USD/JPY Hits 7-Month Peak – US Market Open
USD/JPY breaks descending trendline to hit 7-month high. GBP/USD hit on more dovish BoE comments, while GDP contracts. USD/CAD awaits Bank of Canada survey. [Read More...]
Australian Dollar Forecast: Key AUD/USD Levels to Watch
Australian Dollar supported on firm retail sales. AUD/USD consolidates following recent reversal. [Read More...]
DAX Weekly Forecast: Germany's DAX Chasing Record High
Relief rally in the DAX 30 pushes the index towards its record peak. Eyes on US and China signing Phase 1 trade deal. [Read More...]
Gold Price Weekly Forecast: Is the Gold Price Break a False Alarm?
Gold prices rally to highest level since March 2013 on geopolitical concerns. Calming of tensions pares gold spike. Eyes on US-China phase 1 sign off. [Read More...]
AUD/USD Selling Eases, GBP/USD Drops on Carney, CAD Eyes BoC's Poloz – US Market Open
GBP is among the laggards in the G10 complex following dovish comments by BoE's Carney. AUD /USD selling curbed by AUD/NZD jump, CAD looks to Poloz. [Read More...]
EUR/USD Breaks Support, Risk of SNB Currency Intervention – US Market Open
Oil prices see brief spike on Iran retaliation. Euro breaks support, eyes on possible SNB currency intervention. [Read More...]
Gold Buying Persists, Oil Longs Extended, Copper Risks Topping Out – COT Report
Gold ended the year on a positive note as speculators raised net longs. Investors most bullish on oil in 13-months. [Read More...]
GBP/USD Weekly Forecast: Transition Period Rhetoric Key to Sterling Outlook
Pound trades on the defensive to begin the year as UK data remains soft. Next Week will see US NFP in focus, while UK PM Johnson meets Von Der Leyen. [Read More...]
Gold Prices Soar as US Airstrike on Iranian Military Leader Sparks Major Escalation in Tensions
Gold prices spike higher after major escalation in middle east tensions as US airstrikes key top Iranian Commander. [Read More...]
Strait of Hormuz: The World's Most Important Oil Chokepoint
With over a third of global seaborne crude oil and a fifth of oil traded worldwide flowing through the Strait of Hormuz, this narrow nautical channel may be the world’s most important chokepoint. [Read More...]
USD/CAD Upside Capped, Crude Oil Spikes on US Airstrikes – US Market Open
Overnight, geopolitical tensions between the US and Iran had escalated dramatically after US airstrikes killed Iran’s top general at Baghdad airport. [Read More...]
Top Trade Idea 2020: Long NOKSEK – Seasonal Trends Remain Prominent
As has typically been the case over the past 5-years price action in NOK/SEK has been typically characterized by selling into the yearend before posting a notable rebound in Q1. [Read More...]
Gold Price Outlook: Risk of Upside Breakout Despite Resistance Holding
Gold prices have remained underpinned by the continued pullback in the US Dollar. However, while resistance has capped further upside, seasonal trends may come into effect. [Read More...]