Oil (WTI, Brent) News and Analysis Shell forced to halt unit at Europe’s biggest refinery- exacerbating tight supply EIA storage data reveals continuing trend of crude drawdowns – adding to tailwinds The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library
EUR/USD FORECAST: EUR/USD trades largely directionless on Tuesday, moving between small gains and losses ahead of the Fed’s announcement The FOMC is set to unveil its September policy decision on Wednesday. No interest rate changes are expected, but the bank will release the eagerly-awaited “Summary of Economic Projections” This article analyzes possible scenarios for the
UPCOMING EVENTS: Monday: NZ Services PMI, US NAHB Housing Market Index. Tuesday: RBA Meeting Minutes, Canada CPI, US Building Permits and Housing Starts. Wednesday: PBoC LPR, UK CPI, BoC Summary of Deliberations, FOMC Policy Decision. Thursday: NZ GDP, SNB Policy Decision, BoE Policy Decision, US Jobless Claims. Friday: Japan CPI, BoJ Policy Decision, UK Retail
Euro, EUR/USD, US Dollar, EUR/JPY, Japanese Yen, EUR/GBP, British Pound, Trend, Range – Talking Points Euro bearishness might be intact against the US Dollar in the near term The bullish case for EUR/JPY could have some legs after a brief plunge EUR/GBP may see a breakout at some stage. What are the levels to watch?
UPCOMING EVENTS: Tuesday: UK Labour Market report, German ZEW, US NFIB Small Business Optimism Index. Wednesday: Japan PPI, UK GDP, EZ Industrial Production, US CPI. Thursday: Australia Labour Market report, Japan Industrial Production, Switzerland PPI, ECB Policy Decision, US Jobless Claims, US PPI, US Retail Sales. Friday: NZ Manufacturing PMI, China Industrial Production and Retail
Share: S&P 500 closed up 0.14% at 4,457.49 on Friday but lost 1.13% for the week, reflecting investor caution amid global economic uncertainties. US economic data shows resilience with solid service sector activity and tight labor market, contrasting with gloomy outlooks in China and Europe. US Treasury bond yields advance to 4.268% on
Share: Pound Sterling finds an intermediate support, but the downside seems favored amid global uncertainty. BoE Dhingra warned that further tightening could hurt the UK economy. Investors shift focus to the July Employment data, which will be released on Tuesday. The Pound Sterling (GBP) discovered intermediate support as investors started digesting the potential
CANADIAN DOLLAR FORECAST: USD/CAD slides in response to robust employment survey results from Canada Canadian employers added 39,900 jobs last month versus 15,000 expected, signaling economic resilience In the upcoming week, the spotlight will be on the August U.S. inflation report Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market
GOLD PRICE FORECAST Gold prices lack direction, languishing near the lowest level since August 29, as traders await new data The August U.S. inflation report, due for release next Wednesday, may be an important catalyst for precious metals This article looks at key XAU/USD’s technical levels that may come into play in the near term
Japanese Yen, USD/JPY, Technical Analysis, Retail Trader Positioning – IGCS Update Japanese Yen weakens to softest since November Retail traders are already strongly bearish USD/JPY Is this a sign that the exchange rate may rise? Recommended by Daniel Dubrovsky Get Your Free JPY Forecast The Japanese Yen closed at its weakest against the US Dollar
