NEWS AND ANALYSIS
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Asia Day Ahead: Economic Resilience Well-Received in US; Key Inflation Data Looms
A significant upward revision in the final read for US first-quarter GDP data adds to the list of positive economic surprises in the US lately, with economic resilience aiding to calm some nerves around recession concerns, at least for now.
Japanese Yen Setups: USD/JPY Buoyed by US Data, GBP/JPY Wavers at Resistance
This article examines USD/JPY and GBP/JPY from a technical analysis perspective, analyzing possible scenarios in the event that key price levels are invalidated or maintained.
Gold Prices Teeter on Brink of Breakdown as US Yields Fly High Following US Data
Gold prices could head lower in the near term if strong U.S. economic data lead the Fed to deliver additional monetary tightening in the coming months.
Euro Breaking News: German CPI Breaks Disinflationary Trend, Euro Dips
Inflation during the month of June proved too hot, halting progress to the developing disinflationary trend. Euro eases
Bitcoin (BTC/USD) Needs a Confirmed Break of $31k to Regain Bullish Momentum
Bitcoin is consolidating its recent sharp gains and may push further ahead if near-term resistance can be taken out.
Dow, Nasdaq 100 and CAC40 make headway
Indices have continued to recover from the lows of the week, and look set for more gains.
Silver (XAG/USD) Price Forecast: Silver Selling Meets Support
Silver selling abates as prices consolidate into a pennant formation. Levels for bearish continuation identified
Australian Dollar Fails to Firm on Strong Data as US Dollar Gains. Lower AUD/USD?
The Australian Dollar backed away from higher ground after the US Dollar ascendency got back on track as markets digest the Federal Reserve’s prospective rate path. Where to for AUD/USD?
Crude Oil Conflicted by Tightening Rates and Dwindling Inventory. Where to for WTI?
Crude oil prices consolidated going into Thursday after testing the low side of the range as markets reassess the monetary policy outlook. Will the range break for WTI?
Gold Price Nearing Key Fibonacci Support as Powell Keeps Hawkish Outlook in Play
Gold prices retreat as Fed chair Powell retains hawkish stance, signaling that the central bank will resume hiking rates at upcoming meetings, an event that could push real and nominal yields higher.