OIL PRICE FORECAST: Oil Struggled in the European Session as Market Participants Weighed the Prospects of the US-Venezuela Deal. OPEC Remains Silent Following Iran’s Calls for an Oil Embargo. IG Client Sentiment Shows Traders are 68% Net Long on WTI. A Sign of Further Downside Potential Given the Contrarian View to Client Sentiment Adopted at
USD/CAD, WTI OIL PRICE, CHARTS AND ANALYSIS: The Loonie Faces a Key Moment Tomorrow as Inflation Data is Due Ahead of the BoC Meeting Next Week. WTI Slides as US-Venezuela Deal Grows Closer. Middle East Tensions Simmer with Developpements Around Iranian Involvement to be Monitored. Retail Traders are Currently Short on USDCAD as 61% of
Share: AUD/USD touches new weekly lows at 0.6289, trading with losses of 0.32%. The University of Michigan’s Consumer Sentiment in the US deteriorates, with inflation expectations rising. China’s struggling economy and Middle East geopolitical tensions further dampen AUD sentiment. The Australian Dollar (AUD) touched new weekly lows of 0.6289 against the US Dollar
S AND P 500 PRICE FORECAST: Most Read: Mixed US CPI Data as Core Inflation Falls to 2 Year Lows, DXY Rises and GBP/USD Slides US Indices have run into trouble thanks to a combination of key resistance levels and a sticky Inflation print. The inflation data actually came in rather mixed in my opinion
US CPI KEY POINTS: MOST READ: USD/CAD Looks Set to Arrest 4-Day Slump, Finding Support at the 20-Day MA Elevate your trading skills and gain a competitive edge. Get your hands on the U.S. dollar Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Zain
US Dollar, Federal Reserve, FOMC Minutes, USD/CHF, USD/JPY, Treasury Yields – Talking Points The US Dollar is on the backfoot on Fed speak and FOMC minutes Treasury yields might have assisted the Fed but that picture could change PPI beat forecasts and attention now turns to CPI. Will it move the US Dollar? Recommended by
2/2 © Reuters. A view shows a Russian one rouble coin in front of a screen in this illustration picture taken August 22, 2023. REUTERS/Maxim Shemetov/Illustration/File photo 2/2 By Alexander Marrow (Reuters) -The Russian rouble weakened past 100 to the dollar to a more than seven-week low as President Vladimir Putin spoke on Thursday, hurt
Share: EUR/USD drops to 1.0500, down 0.69%, as rising US Treasury bond yields and expectations of additional Fed tightening weigh heavily on the pair. Contrasting economic outlooks with improving US business activity and decelerating Eurozone factory activity contribute to the Euro’s decline. The EUR/USD is bearish biased, with significant support at 1.0500 and
British Pound, GBP/USD, US Dollar, EUR/GBP, Euro, BoE, Momentum – Talking Points The British Pound made new lows last week and momentum might be building The Bank of England is anticipated to lift rates later this week by 25 basis points Sterling is staring at some untested support levels. Will GBP/USD find firmer footing? Recommended
Investing.com– Most Asian currencies fell on Tuesday as Chinese service sector data pointed to more headwinds for the region’s largest economy, while the Australian dollar fell sharply after the Reserve Bank kept rates steady, as expected. The U.S. dollar steadied near three-month highs before a slew of Federal Reserve speakers this week. While the greenback
