RBA Says Hikes Still PossibleThe Australian Dollar is trading with a spring in its step across the European morning on Tuesday. Overnight, the RBA held rates unchanged, as expected. However, the tone...
GBPUSD Sinks on Dovish BOE Comments
Pound Breaks DownGBPUSD is holding for now at the foot of yesterday’s losses following dovish commentary from BOE chief economist Huw Pill. The BOE policymaker told reporters that the bank is on...
Oil Prices Fall Despite Rising Middle East Tensions
Crude Continues LowerOil prices remain under pressure as we start the new week. Crude futures are in the red on Monday, extending losses from last week as the market continues to depreciate. The sell...
Strong US Dollar Weighing on Euro
Euro Lower on MondayEURUSD is testing below the 1.0785 level today for the first time since early December as a strong US Dollar sets the tone for FX markets. The Dollar is rising on the back of a set...
Gold and USD/CAD: Potential Price Rise Ahead
Last week, Gold formed a gap and broke the local downtrend (points 1, 2, and 3). Hence, the price of this asset might potentially get back to the broken downtrend and then rebound forward. In this...
Gold Sinks As US Jobs Surge Higher
Gold Falls on MondayGold prices are seeing decent selling interest across early European trading on Monday. The move comes amidst an uptick in USD on the back of a bumper set of US jobs figures last...
Crude Futures Fall As OPEC Holds Steady
Crude Correction DeepensFollowing a move above the December highs last week, oil prices have turned sharply lower this week with crude futures now down around 7% from YTD highs. The sell-off comes as...
GBPJPY Poised For Fresh Leg Higher?
Pound Pushing HigherGBP is rallying on the back of yesterday’s BOE meeting, creating some interesting opportunities across the FX space. The reaction might appear at little counter-intuitive given the...
Gold Higher Ahead of US Jobs Data
USD Lower Ahead of NFPAhead of the latest US jobs data due today, the US Dollar has turned lower. The move comes despite the Fed this week pushing back against near-term rate-cut calls. The sell-off...
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