US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
The US Dollar has seen strength starting to come back after a three-week pullback, and tomorrow’s CPI and next week’s FOMC will keep this theme center-stage.
USD/JPY Technical Analysis: Run into 20-yr Resistance May Pause the Rise
USD/JPY has been at it again ripping in impressive fashion; it has become quite extended with resistance standing in the way.
UK Housing Market Shows Signs of Slowdown RICS
LONDON, June 9 Reuters Britain39;s housing market showed signs of a slowdown in May as fastrising inflation and higher interest rates tightened the financial squeeze for many households, according to a survey published on Thursday. The Royal Institution of Chartered Surveyors RICS said its new buyers gauge fell to 7 from 8 in April, the […]
Charting Course out of Stimulus, ECB to Set Stage for Rate Hikes
Rate hike in July all but a done deal 50 bps move increasingly likely Inflation rising, broadening Decision at 1145 GMT, press conference at 1230 GMT FRANKFURT, June 9 Reuters The European Central Bank will pull the plug on years of stimulus on Thursday and signal a string of rate hikes to fight surging inflation, […]
Germany 40 IG Client Sentiment: Our data shows traders are now net-long Germany 40 for the first time since May 26, 2022 when Germany 40 traded near 14,263.20.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bearish contrarian trading bias.
Crude Oil Price Punches Higher while Stocks, Bonds and Yen Suffer Ahead of ECB
Crude oil prices continue to hold the high ground and the Japanese Yen weakened further as the market awaits the ECB rates decision. Will WTI make a new high?
Australian Dollar Falls as Oil Advances Ahead of China Trade Data
The Australian Dollar fell against the US Dollar as climbing oil prices stoked inflation fears. China’s trade balance for May is set to cross the wires.
Rising gas prices threaten China’s gas power ambitions
Gas power plants in China are facing negative profit margins under current gas and power prices.
EUR/USD Technical Outlook: Euro Coils into ECB- Breakout Potential
Euro is carving a weekly/monthly range just below downtrend resistance with the ECB on tap- battle lines drawn. The levels that matter on the EUR/USD technical charts.
Gold Price Forecast: Slowly Going Nowhere – Levels for XAU/USD
Gold prices have been rangebound at the start of June.