2024 Recession Risks GrowingAfter narrowly avoiding a recession so far this year, and with the likes of the IMF and the BOE no longer forecasting a recession in the UK this year, GBP bulls were dealt...
Two Key Gold Levels ahead of US CPI Release
US indices closed Tuesday session on a bearish note as weak data on China's foreign trade sparked a minor turmoil in the market. However, the situation managed to turn around today; equity...
Silver Prices Falling Sharply: What to Watch?
Silver Under PressureIt’s been another tough week for silver so far. The metal came under heavy selling pressure over Monday and Tuesday and while the market is holding up for now, prices have already...
Nasdaq Correction Continues As Weak China Data & US CPI Weigh
China CPI Drops AgainFears over the health of the Chinese economy have moved back into the spotlight this week. On the back of data yesterday showing that Chinese exports contracted for the third...
Gold Prices Lower As USD Gains Ahead of Thursday's CPI Data
Hawkish Fed Risks RemainGold prices are looking a little softer through the European morning on Tuesday as USD regains some ground. While Friday’s data saw the NFP undershooting forecasts, a move...
USDJPY On Watch As 145 Nears
JPY WeakeningUSDJPY is pushing back up towards the 1.45 level this week as JPY weakness returns, despite the BOJ last week tweaking its YCC program to allow for higher yields. This move was seen by...
Crude Capped by Rising USD & Weak China Data
Rising USD Stalls CrudeCrude prices are reversing this week following a solid rally over July that saw crude futures gaining almost 20% off the lows. Price made it as high as a test of the 82.59 level...
USD Softens On NFP Miss, CPI Due Next
NFP Undershoots ForecastsThe US Dollar came under heavy selling pressure on Friday as the latest round of US employment indicators gave a mixed view of the US jobs market. The headline NFP figure was...
GBPJPY False Downside Break Gives Bulls Hope
GBPJPY Sitting on Key SupportGBPJPY price action is looking interesting here. The pair is essentially trading in range between 179.95 and 184.33, reflecting a pause in upside momentum on the back of...
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