S&P and Nasdaq have their worst month in 2023. Indices lower for the 3Q too.

The major indices are closing mixed today with the Dow Industrial Average average fearing the Read More →

Gold Price Finds Breather as US Dollar Corrects After Soft Data

The bias remains bearish despite the current rebound. The US economic figures should bring sharp Read More →

GBP/USD Price Analysis: Pound Rises as UK Economy Recovers

The UK economy has recovered from the Covid-19 pandemic much faster than expected. Britain is Read More →

USD/JPY Outlook: Dollar Retreats from 10-Month Peak

The yen recovered as concerns about intervention persisted. US Treasury yields dropped from multi-year highs Read More →

USD/CAD trades with modest gains around 1.3500, eyes US PCE Price Index and Canadian GDP

Share: USD/CAD regains some positive traction on Friday and snaps a two-day losing streak. A Read More →

Australian Dollar extends gains after upbeat Private Sector Credit

Share: Australian Dollar recovers from the 10-month low after upbeat Aussie data. Australia’s monthly Private Read More →

RBA policy meeting next week – on hold expected

Reuters reporting on their poll of expectations for the Reserve Bank of Australia meeting on Read More →

Japan data: August retail sales +7% y/y (+6.6% expected), industrial output beats also

Retail sales +0.1% m/m in August expected +0.4%, prior +2.2% for the y/y +7.0% (expected Read More →

Gold Price Facing Deeper Retracement as Dollar Demand Surges

The bias remains bearish despite temporary rebounds. A new lower low activates more declines. The Read More →

Comparing the Best Bitcoin Wallets: Software and Hardware Solutions

Whether you’re a seasoned crypto veteran or a newcomer cautiously venturing into the realm of Read More →

AUD/USD Outlook: Aussie Gains Despite Soft Retail Sales

In August, Australian retail sales saw a modest increase, missing forecasts. Job vacancies in Australia Read More →

USD/CAD Forecast: Interest Rate Worries Fuel Dollar Demand

Fed officials warned the markets about the potential for additional interest rate hikes. Fed Chair Read More →

USD/CAD trades with modest losses below 1.3500 as Oil prices surge to over one-year high

Share: USD/CAD drifts lower for the second straight day and retreats further from over a Read More →

Australian Dollar attempts to recover from 10-month lows amid downbeat Retail Sales

Share: Australian Dollar attempts to recover from the 10-month low. Australia’s Retail Sales dropped to Read More →

PBOC is expected to set the USD/CNY reference rate at 7.3239 – Reuters estimate

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank Read More →

New Zealand data – September business confidence improves from August

High risk warning: Foreign exchange trading carries a high level of risk that may not Read More →

USD/JPY Forecast: More Gains Intensifying Yen Intervention

US yields remained elevated, boosting the US dollar. Traders are on high alert for potential Read More →

Gold Price Aiming for Fresh Lows Below $1,900 as Dollar Soars

The bias is bearish as the USD dominates the currency market. The channel’s downside line Read More →

USD/CAD trades with modest intraday losses above 1.3500 amid the recovery of oil prices

Share: USD/CAD edges lower to 1.3510 on Wednesday.  A rally in oil prices benefits the Read More →

Japan’s Suzuki: Watching FX with a sense of urgency

Share: Japanese Finance Minister Shunichi Suzuki is out on the wires, with some verbal intervention, Read More →

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