EUR/USD: No to Rate Hike, Yes to Dollar Appreciation! ● Market participants continue to scrutinize the macroeconomic backdrop in the United States, attempting to discern (or speculate) whether the Federal Reserve will proceed with further increases to the federal funds rate. Following disappointing consumer confidence reports, weak ADP labour market data, and a slowdown in
Barclays lowered its Brent oil price forecast for this year to $84 per barrel down by $3 from its previous forecast its Q4 estimate of $92 a barrel Brent remained unchanged Barclays expects a deficit of 670,000 barrels per day (bpd) on the oil market this year, and a 250,000 bpd deficit next year “A
GOLD OUTLOOK & ANALYSIS Rather hawkish Powell unable to deter gold bulls. Incoming data this focus this week. XAU/USD snakes in and around 200-day MA. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Gold prices have managed to remain elevated this Monday morning as the US dollar trades marginally lower. While
EUR/USD: Mr. Powell and Mrs. Lagarde – Much Talk, Little Substance ● Last week’s business activity data from both sides of the Atlantic proved to be exceptionally weak. The euro came under selling pressure due to a decline in Germany’s Services PMI from 52.3 to 47.3, which in turn pulled down the Composite Business Activity
A forecast for a much higher BTC price from ‘Panetra Capital’. “Bitcoin has historically bottomed 477 days prior to the halving, climbed leading into it, and then exploded to the upside afterwards,” “The post-halving rallies have averaged 480 days – from the halving to the peak of that next bull cycle.” Thus BTC should have
EUR/USD: What Strengthens the Dollar and What Can Weaken It ● The US currency maintained its ascent last week. The minutes from the Federal Open Market Committee (FOMC)’s July meeting of the US Federal Reserve were published on Wednesday, August 16, suggesting the possibility of further monetary policy tightening. Before the minutes were unveiled, market