Crude Oil Crumbles As Markets Assess Banks Ahead of FedA stronger dollar and a drop in stock prices pushed investors away from commodities as the Fed held off from raising interest rates yet again. Meanwhile, oil fell sharply as a result of the OPEC+ deal to cut production and extend Continue Reading
Despite some weak data from the United States on Friday, the gold price is fighting to reverse its downtrend. The gold price has struggled to break through a key support level in the last couple of days, which could keep it from gaining momentum. The price has been tumbling since Continue Reading
US Crude Oil and USDCAD Push Synched Range Swings Ahead of US CPIUS Crude Oil and USDCAD Push Synched Range Swings Ahead of US CPIBoth US Crude Oil (WTI) and the US Dollar (USDCAD) have consolidated in an overlapping range ahead of tomorrow’s key inflation data. With January CPI re-weighted Continue Reading
USD/JPY Tests 130.00 As New BoJ Governor Rumors SwirlsUSD/JPY Tests 130.00 as New BoJ Governor Rumors SwirlThe yen is back on the rise again, with USD/JPY testing 130.00 as news breaks that Japan may be nominating Kazuo Ueda as its next Bank of Japan (BoJ) governor. A former BoJ policy Continue Reading
USD/JPY Price Outlook: Japan’s PM Reveals Prerequisite for New BoJ HeadUSD/JPY Price Outlook: Japan?s PM Reveals Prerequisite for New BoJ HeadThe term of Bank of Japan Governor Haruhiko Kuroda will end in April 2023, and his successor is likely to be nominated soon. The appointment of a new leader will Continue Reading
If you’re looking for news on the US Dollar (USD) today, you’ve got plenty of options to choose from. There’s the PCE price index, which declined in December, adding to the pressure on the currency. On top of that, there’s a lot of talk about whether the Fed’s policy decision Continue Reading
The German Dax may have had a shaky start today but it’s on the upswing in a big way. While it’s not exactly up there with the US stock market in terms of size, it’s certainly no laggard. With the market as a whole having been hammered lately, it’s good Continue Reading
The Japanese Yen has soared in recent weeks, as optimism surrounding the BoJ Shift has lifted the currency to a new all-time high. But the long-term outlook for the Yen looks dim, as the technical indicators on the currency remain bearish. This week, we examine the current state of the Continue Reading
The Australian Dollar has been a volatile currency in recent months. This has partly been due to Chinese concerns about its economic outlook, the Covid virus, and commodity prices. It is also due to risk aversion in the market, and the looming threat of a global recession. Consequently, the currency Continue Reading
AUD/USD has been attempting to recover from a recent slump, and the market has found some support. This week, the market has seen a strong recovery in the US, and the euro is also gaining ground. However, AUD/USD is facing some resistance as it remains under the 38.2% Fibonacci retracement Continue Reading
